Investment Summary

Level Equity Management and K1 Investment Management Invest In simPRO

On October 11, 2016, private equity firm Level Equity Management and growth capital firm K1 Investment Management invested in software company simPRO

Investment Highlights
  • This is Level Equity Management’s 2nd and K1 Investment Management’s 3rd transaction in the Software sector.
  • This is Level Equity Management’s 1st and K1 Investment Management’s 1st transaction in Australia.

Investment Summary

Date 2016-10-11
Target simPRO
Sector Software
Investor(s) Level Equity Management
K1 Investment Management
Deal Type Growth Capital

Target

simPRO

Eight Mile Plains, Australia
simPRO Software is a provider of edge job management software for the trade service industry. The cloud-based system helps businesses work smarter, provide exceptional service, and maximize their profitability. The software is designed for operators in the electrical, plumbing, HVAC, and security industries. simPRO was formed in 2002 and is based in Queensland, Australia.

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Investor(S) 2

Investor

Level Equity Management

Investor 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 14 of 60
Sector (Software) 2 of 19
Type (Growth Capital) 5 of 24
Country (Australia) 1 of 1
Year (2016) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-29 Higher Logic

Arlington, Virginia, United States

Higher Logic is a cloud-based community platforms, with over 25 million engaged members in more than 200,000 communities. Organizations worldwide use Higher Logic to bring like-minded people all together by giving their community a home where they can meet, share ideas, answer questions and stay connected. Higher Logic was founded in 2007 and is based in Arlington, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-13 MemberClicks

Atlanta, Georgia, United States

MemberClicks LLC is a provider of all-in-one membership management solution and a refreshing support experience that small-staff associations actually love. MemberClicks works with more than 1,600 organizations throughout North America. MemberClicks was founded in 1998 and is based in Atlanta, Georgia.

Buy -
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 8 of 50
Sector (Software) 3 of 25
Type (Growth Capital) 4 of 24
Country (Australia) 1 of 2
Year (2016) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 XTRF

Krakow, Poland

XTRF enables customers to integrate their entire localization process in one globally accessible platform. The cloud-based system streamlines the management of complex translation and localization workflows by linking client requirements, internal processes, and vendor management in a seamless online environment. XTRF was formed in 2010 and is based in Krakow, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-28 ControlUp

Tel Aviv, California, Israel

ControlUp is a provider of an easy-to-use ITOps analytics and management platform. ControlUp helps ITOps teams to monitor, analyze, and directly remediate problems in their on-premise, hybrid cloud, and cloud infrastructures. ControlUp was founded in 2012 and is based in Tel Aviv, Israel.

Buy -