Venture • Internet Software and Services

Global Environment Fund Invests In Cantaloupe Systems

On November 1, 2006, asset manager Global Environment Fund invested in internet software and services company Cantaloupe Systems

Investment Context
  • This is Global Environment Fund’s 1st transaction in the Internet Software and Services sector.
  • This is Global Environment Fund’s 12th transaction in the United States.
  • This is Global Environment Fund’s 2nd transaction in California.
Investment Fate
  • Cantaloupe Systems was sold to a strategic buyer in 2017 for 85M USD.

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Investment Summary

Date November 1, 2006
Target Cantaloupe Systems
Sector Internet Software and Services
Investor(s) Global Environment Fund
Deal Type Venture

Target Company

Cantaloupe Systems

San Francisco, California, United States
Cantaloupe Systems, Inc. is a provider of cloud-based, mobile technologies that deliver an integrated end-to-end vending retail solution for cashless vending, dynamic route scheduling, automated pre-kitting and merchandising and inventory management.
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Investor Overview 1

Investor

Global Environment Fund

Bethesda, Maryland, United States

Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Global Environment Fund (GEF) is a global alternative asset manager dedicated to the energy, environmental, and natural resources sectors. Global Environment Fund was formed in 1990 and is based in Chevy Case, Maryland.


Deal Context for Investor #
Overall 21 of 54
Sector: Internet Software and Services 1 of 1
Type: Venture 2 of 5
State: California 2 of 3
Country: United States 12 of 19
Year: 2006 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Reva Electric Car Co.

Bengaluru, India

Reva Electric Car Co. is a manufactures electric vehicles for the Indian and European markets. The cars offer maneuverability in cities with small roads and congested traffic, as well as quiet and clean operation, with low energy requirements.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-08 Essex

Columbia, Maryland, United States

Essex Corp. is an optical and digital signal processing company developing technologies and systems that enable next-generation products, such as fiber-optic transmission, wireless telecommunications, high-speed optoelectronic processors, and advanced semiconductor chips.

Sell $521M