Investment Summary

General Atlantic and K1 Investment Management Invest In Atera

On July 28, 2021, growth capital firms General Atlantic and K1 Investment Management invested in software company Atera

Investment Highlights
  • This is General Atlantic’s 20th and K1 Investment Management’s 18th transaction in the Software sector.
  • This is General Atlantic’s 3rd and K1 Investment Management’s 4th transaction in Israel.

Investment Summary

Date 2021-07-28
Target Atera
Sector Software
Investor(s) General Atlantic
K1 Investment Management
Deal Type Venture

Target

Atera

Tel Aviv, Israel
Atera is a developer of a predictive automation and remote monitoring and management (RMM) platform helping businesses adapt to remote work. Atera was founded in 2011 and is based in Tel Aviv, Israel.

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Investor(S) 2

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 287 of 343
Sector (Software) 20 of 27
Type (Venture) 73 of 99
Country (Israel) 3 of 4
Year (2021) 26 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Duolingo

Pittsburgh, Pennsylvania, United States

Duolingo is a language-learning platform and the most downloaded education app worldwide. Duolingo's mission is to make education free and accessible to all. Duolingo was founded in 2011 and is based in Pittsburgh, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Ding dong

Shanghai, China

Ding Dong is a Chinese fresh food e-commerce platform. Ding dong was founded in 2017 and is based in Shanghai, China.

Sell -
DESCRIPTION

K1 Investment Management, LLC is a West Coast US-based private equity firm investing in high-growth private companies across North America. The Firm has a special interest in enterprise software companies and looks to provide meaningful strategic and operational guidance when working with portfolio companies. K1 Investment Management was established in 2011 and is headquartered in El Segundo, California.


DEAL STATS #
Overall 35 of 50
Sector (Software) 18 of 25
Type (Venture) 5 of 12
Country (Israel) 4 of 5
Year (2021) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Eltropy

Milpitas, California, United States

Eltropy is a messaging platform that enables financial institutions to digitally engage in a secure and compliant way. The company enables credit unions, banks, and other financial institutions to communicate with their customers via text message combining speed, security, and regulatory compliance. Eltropy was formed in 2013 and is based in Milpitas, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 TechnoMile

Tysons, Virginia, United States

TechnoMile is a provider of innovative cloud solutions that empower companies to pursue, win and retain more business with the government from capture through contract. The company's cloud platform, companies gain unique competitive insights, source contact intelligence, automate and de-risk the contract lifecycle, foster stronger relationships with partners/suppliers, and, ultimately, gain a competitive advantage that results in more contract wins and serves as a catalyst for continued growth. TechnoMile was formed in 2010 and is based in Tysons, Virginia.

Buy -