Venture • Software

Meritage Funds and Crawley Ventures Invest In CaliberMind

On October 26, 2016, growth capital firm Meritage Funds and private equity firm Crawley Ventures invested in software company CaliberMind

Investment Context
  • This is Meritage Funds’ 2nd and Crawley Ventures’ 3rd transaction in the Software sector.
  • This is Meritage Funds’ 14th and Crawley Ventures’ 6th transaction in the United States.
  • This is Meritage Funds’ 4th and Crawley Ventures’ 4th transaction in Colorado.

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Investment Summary

Date October 26, 2016
Target CaliberMind
Sector Software
Investor(s) Meritage Funds
Crawley Ventures
Deal Type Venture

Target Company

CaliberMind

Boulder, Colorado, United States
CaliberMind is a B2B predictive marketing software to use artificial intelligence (AI) about a buyer to predict behavior then recommend optimized marketing content. CaliberMind is based in Boulder, Colorado.
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Investors Overview 2

Investor

Meritage Funds

Arvada, Colorado, United States

Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Meritage Funds is a private investment firm focused on growth equity opportunities. The Firm targets companies that deliver tech-based services that leverage recurring revenue business models. Areas of interest include businesses that 'enable communications, deliver content, and facilitate commerce'. Prospective transaction situations include direct equity financings, recapitalizations, control acquisitions, consolidations, restructurings, spin-outs and management buy-outs. Meritage typically looks to commit $3 to $20 million over the lifecycle of an investment. Meritage Funds was formed in 1998 and is based in Arvada, Colorado.


Deal Context for Investor #
Overall 15 of 16
Sector: Software 2 of 2
Type: Venture 4 of 5
State: Colorado 4 of 5
Country: United States 14 of 15
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-23 SmartSky Networks

Morrisville, North Carolina, United States

SmartSky Networks is a producer of disruptive communications technologies for the aviation industry. SmartSky Networks was founded in 2011 and is based in Morrisville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-02 Crisp Media

New York, New York, United States

Crisp Media, Inc. (dba Crisp Mobile) is a mobile marketing and advertising company that delivers interactive campaigns across all devices, web browsers and app platforms. Crisp simplifies creative development for agencies, streamlines ad serving for publishers and unifies advertising campaign reporting for media buyers and brands. Crisp Mobile was established in 1999 and is headquartered in New York.

Sell $33M
Investor

Crawley Ventures

Denver, Colorado, United States

Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Crawley Ventures is the investment arm of Crawley Petroleum and was formed to make direct investments in private companies as well as investments in venture and hedge funds. Crawley primarily looks to invest in growth companies at various stages of development, including seed, early, and expansion stage businesses. Crawley looks to commit $250k to $1.5 million per transaction. Sectors of interest include optics, financial services, software, manufacturing, and wireless technology. Crawley Ventures was founded in 1995 and is based in Denver, Colorado.


Deal Context for Investor #
Overall 6 of 10
Sector: Software 3 of 4
Type: Venture 4 of 6
State: Colorado 4 of 5
Country: United States 6 of 10
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-29 CommercialTribe

Boulder, Colorado, United States

CommercialTribe is a Sales Management Intelligence platform. CommercialTribe was founded in 2013 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 Indo-European Foods

Commerce, California, United States

Indo-European Foods is an importer and value-added distributor of specialty ethnic foods offering third-party, proprietary branded, and private label products to over 1,000 independent ethnic grocers predominantly located in the Western U.S. and national chains covering 45 states. It sources, develops, markets, and distributes Eastern European, Mediterranean, and North African food products including spreads, preserves, condiments, appetizers, cheeses, confections, seasonings, and specialty grains and rice. The company's primarily owned brands include Indo-European and ZERGÜT. Indo-European Foods was founded in 1966 and is based in Commerce, California.

Buy -