Investment Summary

Guidepost Growth Equity Invests In Asurint

On March 13, 2017, growth capital firm Guidepost Growth Equity invested in internet software and services company Asurint

Investment Highlights
  • This is Guidepost Growth Equity’s 10th transaction in the Internet Software and Services sector.
  • This is Guidepost Growth Equity’s 20th transaction in the United States.
  • This is Guidepost Growth Equity’s 1st transaction in Ohio.

Investment Summary

Date 2017-03-13
Target Asurint
Sector Internet Software and Services
Investor(s) Guidepost Growth Equity
Deal Type Growth Capital

Target

Asurint

Cleveland, Ohio, United States
Asurint is a proprietary, and cloud-based database of criminal records. Asurint provides background screening and services that are delivered faster, more accurately, and at a lower cost than competitors. Asurint is based in Cleveland, Ohio.

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Investor(S) 1

DESCRIPTION

North Bridge is an investment firm focused on providing seed, venture, and growth capital to technology enabled companies. Specific areas of interest include communications and infrastructure, software, materials, and digital media. For later stage growth transactions, North Bridge generally looks to acquire majority (or minority) positions to help fund liquidity needs, growth initiatives, or acquisitions. North Bridge was formed in 1994 and has offices in Waltham, Massachusetts and Palo Alto, California.


DEAL STATS #
Overall 21 of 33
Sector: Internet Software and Services M&A 10 of 11
Type: Growth Capital M&A Deals 14 of 24
State: Ohio M&A 1 of 1
Country: United States M&A 20 of 28
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 ClassWallet

Hollywood, Florida, United States

ClassWallet is an end-to-end digital solution to manage funding within school systems. The platform combines funds disbursement, e-commerce, a reloadable debit card, and tracking in a fully integrated manner designed for maximum simplicity and accountability. It brings accountability to a $23 billion system that relies heavily on cash, checks, and purchase orders that add up to 40 percent of transaction costs and a fund-spend-track lifecycle that takes weeks. ClassWallet is based in Hollywood, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Leapfrog Online

Evanston, Illinois, United States

Leapfrog Online is a performance marketing agency involved in helping brands to grow digital market share, acquire new customers, and deliver profitable sales. Leapfrog Online was formed in 1995 and is based in Evanston, Illinois.

Sell -