Investment Summary

Crescent Cove Invests In care.ai

On November 21, 2022, private equity firm Crescent Cove invested in information technology company care.ai

Investment Highlights
  • This is Crescent Cove’s 3rd transaction in the Information Technology sector.
  • This is Crescent Cove’s 11th transaction in the United States.
  • This is Crescent Cove’s 1st transaction in Florida.
Investment Fate
  • care.ai was sold to a publicly-traded strategic buyer in 2024.

Investment Summary

Date 2022-11-21
Target care.ai
Sector Information Technology
Investor(s) Crescent Cove
Deal Type Venture

Target

care.ai

Orlando, Florida, United States
care.ai is a developer of a sensor-based technology designed to predict, prevent, and protect, optimizing the patient and provider experience and ultimately powering more human care. care.ai was founded in 2019 and is based in Orlando, Florida.

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Investor(S) 1

DESCRIPTION

Crescent Cove is a private equity firm focused on investments in founder-led technology companies. The Firm invests in a variety of industries including business services, information technology, software, and technology hardware. Crescent Cove was founded in 2016 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 11 of 12
Sector: Information Technology M&A 3 of 3
Type: Venture M&A Deals 4 of 5
State: Florida M&A 1 of 1
Country: United States M&A 11 of 12
Year: 2022 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Poplar Homes

Cupertino, California, United States

Poplar Homes is a technology-powered, full stack property management company that empowers both property owners and residents throughout their lifetime real estate journey. For renters entering the market, Poplar Homes rebalances the power dynamic and makes it easy to get approved, view available properties, and rent a home online. Poplar Homes was founded in 2014 and is based in Cupertino, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Lambda

San Francisco, California, United States

Lambda designs the worlds most advanced GPU systems and cloud services for deep learning. Lambda was founded in 2012 and is based in San Francisco, California.

Buy -