Venture • Internet Software and Services

General Atlantic Invests In Branch

On March 9, 2022, growth capital firm General Atlantic invested in internet software and services company Branch

Investment Context
  • This is General Atlantic’s 70th transaction in the Internet Software and Services sector.
  • This is General Atlantic’s 153rd transaction in the United States.
  • This is General Atlantic’s 1st transaction in Minnesota.

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Investment Summary

Date March 9, 2022
Target Branch
Sector Internet Software and Services
Investor(s) General Atlantic
Deal Type Venture

Target Company

Branch

Minneapolis, Minnesota, United States
Branch is a workforce payments platform that partners with businesses to accelerate payments and empower working Americans. Businesses turn to Branch for a more cost-effective, faster way to pay workers and reduce the costs of paper checks and pay cards. Branch was founded in 2015 and is based in Minneapolis, Minnesota.
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Investor Overview 1

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B 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 New York, New York.


Deal Context for Investor #
Overall 320 of 365
Sector: Internet Software and Services 70 of 79
Type: Venture 94 of 98
State: Minnesota 1 of 2
Country: United States 153 of 175
Year: 2022 10 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Third Harmonic Bio

San Francisco, California, United States

Third Harmonic Bio is a clinical stage bio technology company developing an oral KIT inhibitor therapy for allergic autoimmune disorders. Third Harmonic Bio was founded in 2019 and is based in San Francisco, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 WuXi Biologics

Wuxi, China

WuXi Biologics is an open-access biologics technology platform offering end-to-end solutions to empower organizations to discover, develop, and manufacture biologics from concept to commercial manufacturing. WuXi Biologics was founded in 2014 and is based in Wuxi, China.

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