Investment Summary

General Atlantic Invests In PatPat

On July 20, 2021, growth capital firm General Atlantic invested in e-commerce company PatPat

Investment Highlights
  • This is General Atlantic’s 13th transaction in the E-Commerce sector.
  • This is General Atlantic’s 139th transaction in the United States.
  • This is General Atlantic’s 41st transaction in California.

Investment Summary

Date 2021-07-20
Target PatPat
Sector E-Commerce
Investor(s) General Atlantic
Deal Type Venture

Target

PatPat

Mountain View, California, United States
PatPat is a DTC kids clothing brand, with users covering more than 100 countries and regions worldwide. PatPat was founded in 2014 and is based in Mountain View, California.

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Investor(S) 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 STATS #
Overall 289 of 364
Sector: E-Commerce M&A 13 of 14
Type: Venture M&A Deals 71 of 98
State: California M&A 41 of 47
Country: United States M&A 139 of 175
Year: 2021 M&A 25 of 46
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Tilting Point

New York, New York, United States

Tilting Point is a free-to-play publisher that powers up existing live games using deep marketing and product expertise, cutting-edge technology, and a user acquisition war chest. Tilting Point was founded in 2012 and is based in New York, New York.

Buy -
FOLLOWING 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 -