M&A Deal Summary

OV Loop Acquires Cultos

On April 18, 2024, OV Loop acquired internet software and services company Cultos

Acquisition Highlights
  • This is OV Loop’s 1st transaction in the Internet Software and Services sector.
  • This is OV Loop’s 1st transaction in Canada.
  • This is OV Loop’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-04-18
Target Cultos
Sector Internet Software and Services
Buyer(s) OV Loop
Deal Type Add-on Acquisition

Target

Cultos

Toronto, Ontario, Canada
Cultos is a Web3 rewards application that enhances loyalty and engagement. Cultos is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

OV Loop

Woburn, Massachusetts, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

OV Loop is a cross-platform tap & pay wallet/super-app and omnichannel commerce platform for people, merchants, and brands. OV Loop is based in Woburn, Massachusetts.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Skipti

Albuquerque, New Mexico, United States

Skipti is a rental delivery marketplace that facilitates complex pickup and drop offs of equipment like Rug Doctor machines and home improvement tools, transforming how businesses and consumers facilitate the transport of goods to and from depots and homes. Skipti was formed in 2018 and is based in Albuquerque, New Mexico.

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