Investment Summary

K1 Investment Management Invests In Onit

On January 8, 2019, growth capital firm K1 Investment Management invested in software company Onit

Investment Highlights
  • This is K1 Investment Management’s 9th transaction in the Software sector.
  • This is K1 Investment Management’s 17th transaction in the United States.
  • This is K1 Investment Management’s 2nd transaction in Texas.

Investment Summary

Date 2019-01-08
Target Onit
Sector Software
Investor(s) K1 Investment Management
Deal Type Growth Capital

Target

Onit

Houston, Texas, United States
Onit is a provider of enterprise workflow solutions including enterprise legal management, contract management, and business process automation. With a focus on enterprise legal management, matter management, spend management, contract management, and legal holds, we operate globally and help transform the way Fortune 500 companies and billion dollar legal departments bridge the gap between systems of record and systems of engagement. Onit was founded in 2010 and is based in Houston, Texas.

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Investor(S) 1

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 19 of 50
Sector (Software) 9 of 25
Type (Growth Capital) 10 of 24
State (Texas) 2 of 3
Country (United States) 17 of 35
Year (2019) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Subsplash

Dallas, Texas, United States

Subsplash is a provider of innovative technology and engagement tools for churches. The company serves churches in the U.S. with a suite of engagement tools through "The Ultimate Engagement Platform™" which includes mobile apps, digital giving, websites, media delivery, and more. Subsplash was founded in 2005 and is based in Dallas, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Employ

Waltham, Massachusetts, United States

Employ empowers organizations of all sizes to overcome their greatest recruiting and talent acquisition challenges. Offering a combination of purpose-built, intelligent technologies, services, and industry expertise, Employ provides SMB to global enterprises with a single solution for recruiting and growing a diverse workforce. Employ is based in Waltham, Massachusetts.

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