Investment Summary

Level Equity Management, RF Investment Partners and Resurgens Technology Partners Invest In RelayHub

On March 1, 2021, private equity firm Level Equity Management, mezzanine finance firm RF Investment Partners and private equity firm Resurgens Technology Partners invested in software company RelayHub

Investment Highlights
  • This is Level Equity Management’s 10th, RF Investment Partners’ 3rd and Resurgens Technology Partners’ 4th transaction in the Software sector.
  • This is Level Equity Management’s 31st, RF Investment Partners’ 16th and Resurgens Technology Partners’ 6th transaction in the United States.
  • This is Level Equity Management’s 1st, RF Investment Partners’ 1st and Resurgens Technology Partners’ 1st transaction in Rhode Island.

Investment Summary

Date 2021-03-01
Target RelayHub
Sector Software
Investor(s) Level Equity Management
RF Investment Partners
Resurgens Technology Partners
Deal Type Growth Capital

Target

RelayHub

Newport, Rhode Island, United States
RelayHub provides medical claims software solutions for K-12 school districts. RelayHub offers a suite of cloud-based SaaS Medicaid and health insurance solutions that streamline operations, maximize revenue, and provide audit-ready program support while mitigating risk of non-compliance. RelayHub was founded in 1993 and is based in Newport, Rhode Island.

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Investor(S) 3

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 36 of 60
Sector (Software) 10 of 19
Type (Growth Capital) 16 of 24
State (Rhode Island) 1 of 1
Country (United States) 31 of 51
Year (2021) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-08 GuestXM

Dallas, Texas, United States

GuestXM provides software as a service, research and analysis to companies in restaurant industry. GuestXM was founded in 1995 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 CivicPlus

Manhattan, Kansas, United States

CivicPlus delivers technology solutions that enable local governments to optimize the experience they deliver when interacting with citizens. The company delivers a Civic Experience Platform that enables local governments to drive more revenue, operate more efficiently, and generate positive recognition for the many services they provide every day. CivicPlus was founded in 2000 and is based in Manhattan, Kansas.

Buy -
Investor
DESCRIPTION

RF Investment Partners is a private investment firm focused on providing flexible capital solutions to small and mid-sized companies. The Firm looks to invest $10 to $40 million of equity/debt capital capital to support businesses with at least $10 million of revenue. Funds are generally used to support buyouts, recapitalizations, acquisitions, shareholder liquidity needs, and family successions. RF Investment Partners was formed in 2016 and is headquartered in New York City.


DEAL STATS #
Overall 16 of 35
Sector (Software) 3 of 7
Type (Growth Capital) 4 of 10
State (Rhode Island) 1 of 1
Country (United States) 16 of 34
Year (2021) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Select Dental

Florham Park, New Jersey, United States

Select Dental is a dental practice management company focused on providing quality care to patients. Select Dental was founded in 2018 and is based in Florham Park, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 NexGenCAM

Port Washington, Wisconsin, United States

NexGenCAM is a value-added reseller of computer-aided manufacturing software and consulting services. NexGenCAM was founded in 2007 and is based in Port Washington, Wisconsin.

Buy -
Investor
DESCRIPTION

Resurgens Technology Partners is a private equity firm focused on acquiring software and technology-enabled service companies. The Firm targets businesses with $5 to $30 million of recurring revenue and will consider opportunities throughout North America. Specific areas of interest include enterprise software, information services, and analytics. Resurgens has a preference for founder-owned companies with potential for market leadership. Resurgens Technology Partners was established in 2016 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 6 of 17
Sector (Software) 4 of 12
Type (Growth Capital) 5 of 13
State (Rhode Island) 1 of 1
Country (United States) 6 of 14
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 GitKraken

Scottsdale, Arizona, United States

GitKraken is a software company that provides Git productivity and collaboration solutions for Agile DevOps teams from companies around the world. GitKraken was founded in 2002 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 EnergyCAP

Boalsburg, Pennsylvania, United States

EnergyCAP is an energy and sustainability enterprise resource planning software. EnergyCAP helps customers who are drowning in paper bills, manual processes, and cumbersome spreadsheets and enables them to execute, analyze and report on the energy and decarbonization projects needed to create a more sustainable world. EnergyCAP is based in Boalsburg, Pennsylvania.

Buy -