Investment Summary

Fort Point Capital Invests In Nova

On July 21, 2022, growth capital firm Fort Point Capital invested in software company Nova

Investment Highlights
  • This is Fort Point Capital’s 2nd transaction in the Software sector.
  • This is Fort Point Capital’s 1st transaction in Canada.
  • This is Fort Point Capital’s 1st transaction in Ontario.

Investment Summary
Date 2022-07-21
Target Nova
Sector Software
Investor(s) Fort Point Capital
Deal Type Growth Capital
Advisor(s) Fasken Martineau DuMoulin (Legal)

Target

Nova

Toronto, Ontario, Canada
Nova is a provider of automation software for digital advertising. Nova enables advertisers to repurpose creative assets originally developed for social platforms to be easily distributed across the open internet, including mobile apps and connected TV. Nova is based in Toronto, Ontario.

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Investor(S) 1

Investor

Fort Point Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Fort Point Capital is a private investment firm that targets smaller middle-market growth company investments. The Firm specifically looks for partnerships where firm expertise can help businesses realize their 'potential'. Sectors of interest include business services, healthcare, consumer, and software and information. Fort Point Capital was formed in 2009 and has offices in Boston and New York City.

DEAL STATS #
Overall 14 of 19
Sector (Software) 2 of 2
Type (Growth Capital) 4 of 6
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Jones Lake Management

Cincinnati, Ohio, United States

Jones Lake Management is a provider of professional pond and lake management services. The Company offers a range of services including annual, recurring pond and lake treatment services, fish stocking, aeration systems and services, algae and aquatic weed management, and other related services. Jones Lake Management was founded in 1989 and is headquartered in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Sullivans

Sioux Falls, South Dakota, United States

Sullivans is a designer and distributor of seasonal and all-occasion home décor products that are sold principally to independent and specialty channel retail customers in the U.S. The Company's primary product lines include holiday and celebration decorations, permanent floral and foliage products, home décor items and accessories. Sullivans was founded in 1968 and is based in Sioux Falls, South Dakota.

Sell -
Mergr

Product

Company

Legal