Investment Summary

Elixir Capital Exits My Ally

On September 30, 2020, Phenom invested in software company My Ally from Elixir Capital

Investment Highlights
  • This is Phenom’s 1st transaction in the Software sector.
  • This is Phenom’s 1st transaction in the United States.
  • This is Phenom’s 1st transaction in California.

Investment Summary

Date 2020-09-30
Target My Ally
Sector Software
Investor(s) Phenom
Sellers(s) Elixir Capital
Deal Type Add-on Acquisition

Target

My Ally

Palo Alto, California, United States
My Ally is an AI-based HR technology company. My Ally gives complex organizations the tools to discover, hire, and engage the right people to fuel business. My Ally was founded in 2015 and is based in Palo Alto, California.

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Investor(S) 1

Investor

Phenom

Ambler, Pennsylvania, United States

Category Company
Founded 2011
Sector Software
DESCRIPTION

Phenom is a global HR technology company with the purpose to help a billion people find the right job. With an expertise in building AI-powered, scalable solutions, Phenom Talent Experience Management (TXM) personalizes and automates the talent journey for candidates, recruiters, employees, and managers with its Career Site, Chatbot, CRM, CMS, SMS and Email Campaigns, University Recruiting, Internal Mobility, Career Pathing, Diversity & Inclusion, Talent Marketplace, Gigs, Referrals, Hiring Manager and Analytics. Phenom was founded in 2011 and is based in Ambler, Pennsylvania.


DEAL STATS #
Overall 1 of 4
Sector: Software M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 4
State: California M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-14 Endouble

Amsterdam, Netherlands

Endouble is an Amsterdam-based company enhancing the candidate experience by creating a data-driven recruitment strategy with detailed insights and optimizes the candidate journey. Endouble is based in Amsterdam, Netherlands.

Buy -

Seller(S) 1

DESCRIPTION

Elixir Capital is a private equity firm focused on growth capital investments in small businesses that are poised for rapid expansion and have a connection to Southern Asia. Elixir Capital was formed in 2012 and has offices in San Francisco, Kuala Lampur, and Jakarta.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-17 Kabbage

Atlanta, Georgia, United States

Kabbage, Inc. is a provider of short-term financing to small, underbanked businesses and merchants who primarily sell their products and services online.

Sell -