Investment Summary

Level Equity Management Invests In PURE PM

On February 2, 2022, private equity firm Level Equity Management invested in software company PURE PM

Investment Highlights
  • This is Level Equity Management’s 15th transaction in the Software sector.
  • This is Level Equity Management’s 41st transaction in the United States.
  • This is Level Equity Management’s 11th transaction in California.

Investment Summary

Date 2022-02-02
Target PURE PM
Sector Software
Investor(s) Level Equity Management
Deal Type Growth Capital
Advisor(s) Sparring Partners Capital (Financial)

Target

PURE PM

Los Gatos, California, United States
Pure PM is a technology-enabled platform that acquires and optimizes single-family residential property management companies in the US. By leveraging the executive team’s deep institutional knowledge of the market, the Company has developed a playbook to rapidly acquire property management companies at low single-digit revenue multiples, rationalize operating expenses, grow revenue per door and organically expand doors under management. Pure PM is based in Los Gatos, California.

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Investor(S) 1

Investor

Level Equity Management

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Level Equity Management LLC is a private investment firm focused on providing equity and structured capital to growth businesses. Sectors of interest include e-commerce, healthcare services, IT, internet software, and media. Level Equity Management was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 49 of 60
Sector (Software) 15 of 19
Type (Growth Capital) 23 of 24
State (California) 11 of 11
Country (United States) 41 of 51
Year (2022) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Aventri

Norwalk, Connecticut, United States

Aventri is a provider of cloud-based analytics and data-driven end-to-end event management and venue sourcing solutions. Open-source platform delivers innovative technology solutions to streamline the event process, providing real-time data and analytics on event performance, customer engagement, and increasing measurable event ROI. Aventri was formed in 2008 and is based in Norwalk, Connecticut.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Cheqroom

Tampa, Florida, United States

Cheqroom provides a cloud-based equipment management and asset tracking software with an emphasis on solving the needs of media production and audiovisual teams. The platform enables businesses to register, organize, analyze, and track equipment across storage rooms and other facilities, and has features for scheduling, equipment maintenance, user communications, reporting, and a database of product information. Cheqroom is based in Tampa, Florida.

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