Investment Summary

HCAP Partners Invests In Xevant

On March 14, 2023, growth capital firm HCAP Partners invested in software company Xevant

Investment Highlights
  • This is HCAP Partners’ 7th transaction in the Software sector.
  • This is HCAP Partners’ 58th transaction in the United States.
  • This is HCAP Partners’ 2nd transaction in Utah.

Investment Summary
Date 2023-03-14
Target Xevant
Sector Software
Investor(s) HCAP Partners
Deal Type Growth Capital

Target

Xevant

Lehi, Utah, United States
Xevant’s revolutionary pharmacy benefits platform infuses real-time automation and alerts throughout the data analysis process accelerating and simplifying the painstaking task of report building for PBMs, TPAs, Health Plans, Brokers, and Consultants. With Xevant, critical pharmacy analysis that took weeks, months or more can now be done instantly. Xevant was founded in 2016 and is based in Lehi, Utah

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Investor(S) 1

Investor

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2000
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $2 to $15 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.

DEAL STATS #
Overall 58 of 64
Sector (Software) 7 of 7
Type (Growth Capital) 38 of 42
State (Utah) 2 of 2
Country (United States) 58 of 63
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 IronRod Health

Phoenix, Arizona, United States

IronRod Health provides sustainable solutions to decrease the cost of delivering quality healthcare through technology and innovation. The Company currently offers remote patient monitoring, device technician training, and an integrated software platform that delivers actionable insights to providers to help their patients. IronRod Health was formed in 2016 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Paciv

San Juan, Puerto Rico

Paciv provide unparalleled control systems, instrumentation, and regulatory compliance services to the biotechnology, pharmaceutical, medical device, water / wastewater, food and beverage, energy, and other process industries in a cost-effective manner. Paciv was founded in 1997 and is based in San Juan, Puerto Rico.

Buy -
Mergr

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