Investment Summary

Growth Street Partners and K1 Investment Management Invest In HR Acuity

On December 12, 2019, growth capital firms Growth Street Partners and K1 Investment Management invested in software company HR Acuity

Investment Highlights
  • This is Growth Street Partners’ 1st and K1 Investment Management’s 14th transaction in the Software sector.
  • This is Growth Street Partners’ 6th and K1 Investment Management’s 23rd transaction in the United States.
  • This is Growth Street Partners’ 2nd and K1 Investment Management’s 1st transaction in New Jersey.

Investment Summary

Date 2019-12-12
Target HR Acuity
Sector Software
Investor(s) Growth Street Partners
K1 Investment Management
Deal Type Growth Capital

Target

HR Acuity

Florham Park, New Jersey, United States
HR Acuity is an HR case management and predictive insights software company built for employee relations management. The company's SaaS technology empowers you with built-in intelligence, templates, and reporting to conduct best practice, fair investigations; uncover trends and patterns through forward-looking data and analytics and provide trusted, consistent experiences for people. It counts major organizations such as LinkedIn, Qualcomm, and Lyft among its enterprise customers. HR Acuity was formed in 2006 and is based in Florham Park, New Jersey.

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Investor(S) 2

Investor

Growth Street Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2016
PE ASSETS 200M USD
Size Small
Type Sector Focused
DESCRIPTION

Growth Street Partners is a private investment group focused on providing growth capital to founder led SaaS and tech-enabled services companies across the US. The Firm looks to invest $3 to $15 million in businesses generating $1 to $5 million in annual revenue run rates. Growth Street Partners was formed in 2016 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 6 of 11
Sector (Software) 1 of 1
Type (Growth Capital) 6 of 10
State (New Jersey) 2 of 2
Country (United States) 6 of 11
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Suralink

Salt Lake City, Utah, United States

Suralink is a platform to manage workflows related to PBC request lists, secure document transfer, deliver internal operational efficiencies and improve client experience. Suralink platform combines a dynamic PBC list, assignment workflow, and secure file transfer with real-time insights into client engagements to deliver a more efficient and organized engagement. Suralink was founded in 2014 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Govenda

Pittsburgh, Pennsylvania, United States

Govenda is a board portal and corporate governance software platform that equips corporate boards, C-suites, and in-house legal counsel with advanced capabilities to unify governance workflows to reduce compliance risks and improve decision-making. Govenda is based in Pittsburgh, Pennsylvania.

Buy -
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 26 of 50
Sector (Software) 14 of 25
Type (Growth Capital) 12 of 24
State (New Jersey) 1 of 1
Country (United States) 23 of 35
Year (2019) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Dental Intelligence

Pleasant Grove, Utah, United States

Dental Intelligence provides dental practices with cloud-based Data Analytics and Artificial Intelligence software that identifies patient care opportunities, team member performance opportunities, and practice performance opportunities. Dental Intelligence was founded in 2012 and is based in Pleasant Grove, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 Gravyty

Medford, Massachusetts, United States

Gravyty provides a suite of SaaS-based fundraiser enablement solutions that empower frontline fundraisers to personalize outreach, build new relationships with prospects, and deepen relationships with donors faster and more efficiently than with traditional methods. By transforming how fundraisers build relationships with top donors, Gravyty customers expand their fundraising workforces without making additional hires, build donor pipeline at scale, inspire giving, and raise revenue on their missions to change our world. Gravyty was founded in 2009 and is based in London, United Kingdom.

Buy -