Investment Summary

Insight Partners, PSG and Greater Sum Ventures Invest In Inhabit IQ

On February 8, 2018, venture capital firm Insight Partners, growth capital firm PSG and private equity firm Greater Sum Ventures invested in software company Inhabit IQ

Investment Highlights
  • This is Insight Partners’ 25th, PSG’s 5th and Greater Sum Ventures’ 2nd transaction in the Software sector.
  • This is Insight Partners’ 45th, PSG’s 14th and Greater Sum Ventures’ 2nd transaction in the United States.
  • This is Insight Partners’ 1st, PSG’s 1st and Greater Sum Ventures’ 1st transaction in Tennessee.

Investment Summary
Date 2018-02-08
Target Inhabit IQ
Sector Software
Investor(s) Insight Partners
PSG
Greater Sum Ventures
Deal Type Growth Capital
Advisor(s) Harris Williams & Co. (Financial)

Target

Inhabit IQ

Knoxville, Tennessee, United States
Inhabit IQ is a collective of tech-forward products serving the residential, commercial and vacation rental management industries. The company provides end-to-end solutions for property management companies in the multifamily, single family residential, student housing, affordable housing, and commercial markets, serving more than 5 million units and customers. Inhabit IQ is a suite of in-class SaaS solutions that includes accounting, CRM, rent payment processing, background screening, and renters insurance software products. Inhabit IQ was founded in 2016 and is based in Knoxville, Tennessee.

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Investor(S) 3

Investor

Insight Partners

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 54 of 89
Sector (Software) 25 of 36
Type (Growth Capital) 16 of 22
State (Tennessee) 1 of 1
Country (United States) 45 of 71
Year (2018) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 N2W Software

West Palm Beach, Florida, United States

N2W Software, Inc. is a provider of an enterprise-class data protection for production environments deployed in the public cloud. N2W Software was founded in 2012 and is based in West Palm Beach, Florida.

Sell $43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-13 Templafy

Copenhagen K, Denmark

Templafy is providing a SaaS platform delivering brand governance and productivity across enterprise business communications. Templafy was founded in 2014 and is based in Copenhagen K, Denmark.

Buy -
Investor

PSG

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 14 of 106
Sector (Software) 5 of 32
Type (Growth Capital) 5 of 61
State (Tennessee) 1 of 5
Country (United States) 14 of 73
Year (2018) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Payrix

Sandy Springs, Georgia, United States

Payrix enables vertically-focused SaaS companies to embed and manage payments natively within their software, securing additional recurring revenue and creating an awesome experience. The company provides the tools to create a seamless, embedded user experience and offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business appetite. Payrix was founded in 2015 and is based in Sandy Springs, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-17 LogicMonitor

Santa Barbara, California, United States

LogicMonitor is an automated SaaS-based IT performance monitoring platform that provides the end to end visibility and actionable data needed to manage sophisticated on-premise, hybrid, and cloud infrastructures. LogicMonitor was established in 2007 and is based in Santa Barbara, California.

Sell -
Investor

Greater Sum Ventures

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

Greater Sum Ventures is a private equity firm focused on investing in US-based technology companies. Areas of interest include software, SaaS, technology-enabled information services, and technology-enabled business services. Prospective transaction situations include buyouts, growth capital financings, and recapitalizations. Greater Sum Ventures was formed in 2015 and is headquartered in Knoxville, Tennessee.

DEAL STATS #
Overall 2 of 12
Sector (Software) 2 of 7
Type (Growth Capital) 1 of 7
State (Tennessee) 1 of 7
Country (United States) 2 of 12
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Community Brands

St. Petersburg, Florida, United States

Community Brands is an end-to-end technology solutions provider for faith-based organizations, private education institutions and associations and has customers who benefit from a full suite of Community’s products including membership management software, an online/mobile payment platform, financial accounting software, background checks, messaging and mobile apps. Community Brands is based in St. Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 LivTech

Knoxville, Tennessee, United States

LivTech's solutions are dedicated to investing in and providing operational expertise to a growing portfolio of healthcare-oriented software as service (SaaS) companies. The company focuses on the needs of home health agencies, hospice and palliative providers, medical and physician groups, and assisted and senior living communities. LivTech is based in Knoxville, Tennessee.

Buy -
Mergr

Product

Company

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