Investment Summary

General Atlantic Invests In Branch

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

Investment Highlights
  • This is General Atlantic’s 68th transaction in the Internet Software and Services sector.
  • This is General Atlantic’s 149th transaction in the United States.
  • This is General Atlantic’s 1st transaction in Minnesota.

Investment Summary
Date 2022-03-09
Target Branch
Sector Internet Software and Services
Investor(s) General Atlantic
Deal Type Venture

Target

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(S) 1

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 315 of 343
Sector (Internet Software and Services) 68 of 74
Type (Venture) 95 of 99
State (Minnesota) 1 of 1
Country (United States) 149 of 163
Year (2022) 9 of 22
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 NationsBenefits

Plantation, Florida, United States

NationsBenefits is a member engagement, benefits administration, and healthcare company that partners with managed care organizations to provide innovative healthcare solutions aimed at driving growth, reducing costs, and delighting members. NationsBenefits was founded in 2015 and is based in Plantation, Florida.

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Mergr

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