Investment Summary

First Analysis Invests In NimbeLink

On March 15, 2016, venture capital firm First Analysis invested in information technology company NimbeLink

Investment Highlights
  • This is First Analysis’ 10th transaction in the Information Technology sector.
  • This is First Analysis’ 43rd transaction in the United States.
  • This is First Analysis’ 3rd transaction in Minnesota.
Investment Fate
  • NimbeLink was sold to a publicly-traded strategic buyer in 2021 for 15M USD.

Investment Summary

Date 2016-03-15
Target NimbeLink
Sector Information Technology
Investor(s) First Analysis
Deal Type Venture

Target

NimbeLink

Plymouth, Minnesota, United States
NimbeLink is an IoT/M2M solutions company that focuses on smart, simple cellular solutions. NimbeLink has created a core set of intellectual properties, products, and services to enable the rapid deployment of complete IoT solutions. Building out from its core product, the Skywire end-device certified modem, the company can deliver everything from the edge to the cloud. NimbeLink was formed in 2013 and is based in Plymouth, Minnesota.

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Investor(S) 1

Investor

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 45 of 60
Sector: Information Technology M&A 10 of 12
Type: Venture M&A Deals 22 of 30
State: Minnesota M&A 3 of 3
Country: United States M&A 43 of 57
Year: 2016 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-17 Checkpoint Surgical

Independence, Ohio, United States

Checkpoint Surgical provides surgeons with state-of-the-art neuro devices to locate and identify nerves and evaluate nerve and muscle function in surgical procedures. Checkpoint Surgical has two FDA cleared devices: the Checkpoint Stimulator/Locator, designed to allow the surgeon to control and deliver custom stimulation settings for a wide range of surgical applications, and the Checkpoint Head & Neck Stimulator, designed specifically for head and neck surgical procedures. Checkpoint Surgical was formed in 2010 and is based in Independence, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-22 Netchex

Covington, Louisiana, United States

Netchex is a web-based human capital management platform offering single sign-on, integrated solutions for the complete employee lifecycle. Netchex’s software features hiring, onboarding, payroll, human resources, time management, benefits, and reporting tools to control labor costs and enhance the employee experience. Netchex was founded in 2003 and is based in Covington, Louisiana.

Buy -