M&A Deal Summary

CRScube Acquires Mednet

On November 18, 2025, CRScube acquired internet software and services company Mednet from Arrowroot Capital and Cohesive Capital Partners

Acquisition Highlights
  • This is CRScube’s 1st transaction in the Internet Software and Services sector.
  • This is CRScube’s 1st transaction in the United States.
  • This is CRScube’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2025-11-18
Target Mednet
Sector Internet Software and Services
Buyer(s) CRScube
Sellers(s) Arrowroot Capital
Cohesive Capital Partners
Deal Type Add-on Acquisition

Target

Mednet

Minnetonka, Minnesota, United States
MedNet is a healthcare technology company specialising in electronic data solutions designed for the global life sciences community. MedNet’s cloud-based eClinical systems dramatically improve the efficiency of clinical studies and deliver the tools and dashboards required to expertly manage all aspects of clinical research. Mednet was founded in 2000 and is based in Minnetonka, Minnesota.

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Buyer(S) 1

Buyer

CRScube

Seoul, South Korea

Category Company
Founded 2010
Sector Software
DESCRIPTION

CRScube is a healthcare-software provider offering cloud-based e-clinical solutions for the pharmaceutical, biotechnology and medical-device industries, including modules like EDC, ePRO, eConsent, CTMS and eTMF. CRScube was founded in 2010 and is headquartered in Seoul, South Korea.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 2

SELLER

Arrowroot Capital

Marina Del Rey, California, United States

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Arrowroot Capital is a private investment group focused on making growth capital investments in software-as-a-service and internet-based companies. The Firm looks to invest $5 to $25 million per transaction to support growth initiatives, liquidity for founders/investors, or acquisitions. Prospective companies are generally are b2b, offering mission-critical services. Arrowroot was formed in 2014 and is based in Marina Del Rey, California.


DEAL STATS #
Overall 12 of 12
Sector: Internet Software and Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 6 of 6
State: Minnesota M&A 2 of 2
Country: United States M&A 12 of 12
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-16 mParticle

New York, New York, United States

mParticle is the customer data platform for every screen. Sophisticated marketers at companies including Starwood, NBC Universal, Spotify, and Airbnb use mParticle to integrate and orchestrate their entire growth stack, enabling them to win in key moments of the customer journey. mParticle was founded in 2012 and is based in New York City.

Sell $300M
SELLER
DESCRIPTION

Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Minnesota M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-24 Ingram Micro

Irvine, California, United States

Ingram Micro is a wholesale technology distributor and a global provider of IT supply-chain, mobile device lifecycle services, and logistics solutions. Ingram Micro distributes and markets a large variety of technology and mobility products from companies such as Acer, Apple, Cisco, Citrix, Hewlett-Packard, IBM, Lenovo, Microsoft, Samsung, Symantec, VMware, and others. Ingram Micro was founded in 1979 and is based in Irvine, California.

Sell -