Investment Summary

NewRoad Capital Partners Invests In WorkStep

On January 13, 2022, private equity firm NewRoad Capital Partners invested in software company WorkStep

Investment Highlights
  • This is NewRoad Capital Partners’ 7th transaction in the Software sector.
  • This is NewRoad Capital Partners’ 14th transaction in the United States.
  • This is NewRoad Capital Partners’ 1st transaction in Oregon.

Investment Summary

Date 2022-01-13
Target WorkStep
Sector Software
Investor(s) NewRoad Capital Partners
Deal Type Venture

Target

WorkStep

Beaverton, Oregon, United States
WorkStep is a developer of an enterprise focused software platform that helps retailers, manufacturers and other companies across the supply chain hire and retain frontline workers. WorkStep was founded in 2016 and is based in Beaverton, Oregon.

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Investor(S) 1

Investor
DESCRIPTION

NewRoad Capital Partners is a private equity firm focused on buyouts and growth capital investments in Founder-led/owned companies looking for a value-add partner. The Firm looks to commit $5 to $15 million of capital for growth equity needs and $15 to $25 million for outright acquisitions. Sectors of interest include supply chain/logistics, retail technology, consumer packaged goods, and marketing technology. NewRoad Capital Partners was established in 2012 and is headquartered in Rogers, Arkansas.


DEAL STATS #
Overall 14 of 17
Sector: Software M&A 7 of 8
Type: Venture M&A Deals 13 of 16
State: Oregon M&A 1 of 1
Country: United States M&A 14 of 17
Year: 2022 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-23 Emerge

Scottsdale, Arizona, United States

Emerge is a freight logistics company that helps shippers connect with carriers. The Company’s Digital Freight Marketplace simultaneously allows shippers to bring their own carriers onto the platform, calculate committed volumes to those carriers, and compare prices with over 50,000 of pre-vetted carriers. Emerge was founded in 2017 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Logiwa

Chicago, Illinois, United States

Logiwa is a cloud-based warehouse and order management software for 3PLs, fulfillment networks, manufacturers, and online sellers. Logiwa was founded in 2017 and is based in Chicago, Illinois.

Buy -