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  6. Kern Whelan Capital Exits UserTesting

Investment Summary

Kern Whelan Capital Exits UserTesting

On November 16, 2021, invested in internet software and services company UserTesting from Kern Whelan Capital

Investment Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • UserTesting was sold to a consortium of financial buyers in 2022 for 1.3B USD.

Investment Summary
Date 2021-11-16
Target UserTesting
Sector Internet Software and Services
Sellers(s) Kern Whelan Capital
Deal Type IPO

Target

UserTesting

San Francisco, California, United States
UserTesting's office in downtown San Francisco, California.
UserTesting's office in downtown San Francisco, California.
UserTesting is a video-based human insight that taps into a client's global network of real people and generates video-based recorded experiences, so anyone in an organization can directly ask questions, hear what users say, see what they mean, and understand what it’s actually like to be a customer. The company reduces guesswork and brings customer experience data to life with human insight. It has more than 2,500 customers, including more than half of the world’s top 100 most valuable brands according to Forbes. UserTesting was founded in 2007 and is based in San Francisco, California.

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Seller(S) 1

SELLER

Kern Whelan Capital

Larkspur, California, United States
Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Kern Whelan Capital is an independent investment firm focused on companies at all stages of development. Kern Whelan will consider funding new ventures as well as investing in established/profitable businesses. The Firm is a generalist investor, with no industry preferences and generally targets capital efficient businesses with strong management and the potential to generate operating profits of 15% or better. Kern Whelan Capital is based in San Francisco.

DEAL STATS #
Overall 7 of 7
Sector: Internet Software and Services M&A 3 of 3
Type: IPO M&A Deals 2 of 2
State: California M&A 5 of 5
Country: United States M&A 7 of 7
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 InvestCloud

West Hollywood, California, United States

InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. The company offers on-demand client experiences and intuitive operations solutions using an ever-expanding library of modular apps, resulting in powerful products. InvestCloud has over 20 global offices including New York, London, Geneva, Singapore, and Sydney, supporting trillions in assets across hundreds of diverse clients – from the largest banks in the world to wealth managers, asset managers, and asset services companies. InvestCloud was founded in 2010 and is based in West Hollywood, California.

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