Investment Summary

PSG Invests In Copysmith

On April 21, 2021, growth capital firm PSG invested in information technology company Copysmith

Investment Highlights
  • This is PSG’s 11th transaction in the Information Technology sector.
  • This is PSG’s 39th transaction in the United States.
  • This is PSG’s 1st transaction in Alabama.

Investment Summary
Date 2021-04-21
Target Copysmith
Sector Information Technology
Investor(s) PSG
Deal Type Venture

Target

Copysmith

Birmingham, Alabama, United States
Copysmith is a startup that uses artificial intelligence (AI) for creative content generation and drives business growth by helping creators and businesses generate powerful copy and making it easily distributable wherever it is needed. Copysmith is based in Birmingham, Alabama.

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Investor(S) 1

Investor

PSG

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

PSG is a growth equity investment firm focused on the software sector. The Firm looks to partner with software and technology-enabled service companies to capitalize on opportunities and accelerate growth. PSG looks to leverage its network and best practice knowledge developed from its history of investing, to implement and execute strategies on guiding companies to the next level. PSG was established in 2014 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 52 of 106
Sector (Information Technology) 11 of 19
Type (Venture) 5 of 17
State (Alabama) 1 of 1
Country (United States) 39 of 73
Year (2021) 6 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Kenect

Pleasant Grove, Utah, United States

Kenect is a technology platform designed to help clients grow their businesses. The company helps to attract, convert, and keep more customers by strengthening: online presence, online reputation, and online communication. Kenect has accomplished this through its state-of-the-art business texting platform that links to existing business lines and helps in generating dozens of online reviews each month. Kenect was founded in 2017 and is based in Pleasant Grove, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Billwerk+

Frankfurt, Germany

Billwerk+ is a SaaS provider of subscription management & recurring billing software. Billwerk+ reliably provides a significant part of the digital value chain for recurring business models. Its subscription management platform is currently used by several hundred midsize and enterprise customers as well as fast-expanding start-ups across Germany, Switzerland, and France, with a growing presence in other European regions including the Nordics and Benelux. Billwerk+ was founded in 2015 and is based in Frankfurt, Germany.

Buy -
Mergr

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