Investment Summary

Guidepost Growth Equity and HarbourVest Partners Invest In Lucid

On April 10, 2017, growth capital firm Guidepost Growth Equity and private equity firm HarbourVest Partners invested in software company Lucid

Investment Highlights
  • This is Guidepost Growth Equity’s 6th and HarbourVest Partners’ 17th transaction in the Software sector.
  • This is Guidepost Growth Equity’s 21st and HarbourVest Partners’ 94th transaction in the United States.
  • This is Guidepost Growth Equity’s 1st and HarbourVest Partners’ 1st transaction in Louisiana.
Investment Fate
  • Lucid was sold to a strategic buyer in 2022.

Investment Summary

Date 2017-04-10
Target Lucid
Sector Software
Investor(s) Guidepost Growth Equity
HarbourVest Partners
Deal Type Venture

Target

Lucid

New Orleans, Louisiana, United States
Lucid is a research technology (ResTech) platform that delivers programmatic access to first-party survey data. This data can be used to build business strategies, measure the impact of digital advertising, publish research, and more. Lucid was founded in 2010 and is based in New Orleans, Louisiana.

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Investor(S) 2

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 22 of 33
Sector: Software M&A 6 of 9
Type: Venture M&A Deals 5 of 6
State: Louisiana M&A 1 of 1
Country: United States M&A 21 of 28
Year: 2017 M&A 3 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-14 Erecruit Holdings

Boston, Massachusetts, United States

Erecruit Holdings LLC is a provider of enterprise software and VMS designed for staffing firms. Erecruit uses technologies to provide solution that allows firms to put their clients, candidates and vendors into the businesses. Established in 1973 it has consistently maximised investment in the development of its technology to stay at the forefront of the staffing industry. Erecruit Holdings LLC was founded in 1973 and is based in Boston, Massachusetts.

Sell -
Investor

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 155 of 214
Sector: Software M&A 17 of 26
Type: Venture M&A Deals 19 of 21
State: Louisiana M&A 1 of 1
Country: United States M&A 94 of 130
Year: 2017 M&A 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-07 Allfunds

Madrid, Spain

Allfunds is a business-to-business mutual fund distribution platform. The Company serves as a global marketplace, helping financial institutions gain access to third-party mutual funds and ETFs for their end customers. Allfunds was founded in 2000 and is based in Madrid, Spain.

Buy €1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Orange Valley Nursing Homes

Singapore, Singapore

Orange Valley Nursing Homes is a provider of quality nursing care in Singapore. Orange Valley Nursing Homes was founded in 1993 and is based in Singapore.

Sell -