Investment Summary

Cohere Capital Invests In Promevo

On July 12, 2021, growth capital firm Cohere Capital invested in information technology company Promevo

Investment Highlights
  • This is Cohere Capital’s 2nd transaction in the Information Technology sector.
  • This is Cohere Capital’s 5th transaction in the United States.
  • This is Cohere Capital’s 1st transaction in Kentucky.

Investment Summary
Date 2021-07-12
Target Promevo
Sector Information Technology
Investor(s) Cohere Capital
Deal Type Growth Capital
Advisor(s) Martinwolf (Financial)

Target

Promevo

Covington, Kentucky, United States
Promevo is a Premier Google Partner that offers Workspace, Chrome, and Cloud Platform (GCP) services, solutions, and software to help clients navigate, monitor, and optimize their Google technology infrastructure. Promevo was formed in 2001 and is based in Covington, Kentucky.

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Investor(S) 1

Investor

Cohere Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2019
PE ASSETS 200M USD
Size Small
Type Sector Focused
DESCRIPTION

Cohere Capital is a growth-oriented private equity firm focused on acquiring and investing in technology and services companies throughout the US. The Firm looks to acquire or majority or significant minority stakes in profitable businesses valued up to $250 million. Cohere Capital was formed in 2019 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 5 of 7
Sector (Information Technology) 2 of 2
Type (Growth Capital) 3 of 4
State (Kentucky) 1 of 1
Country (United States) 5 of 7
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 CCS

Portland, Oregon, United States

CCS is a hybrid brand and e-commerce retailer of skateboards, streetwear, and related products. CCS sells its own branded hard and soft goods in addition to being an e-commerce destination for other leading skate and streetwear brands. CCS was founded in 1985 and is based in Portland, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 iPromote

San Luis Obispo, California, United States

iPromote is a provider of digital advertising technology and solutions designed to help underserved SMBs access the high growth programmatic digital advertising market in an efficient and cost-effective way. iPromote was founded in 2004 and is based in San Luis Obispo, California.

Buy -
Mergr

Product

Company

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