Investment Summary

PSG Invests In Kenect

On April 20, 2021, growth capital firm PSG invested in software company Kenect

Investment Highlights
  • This is PSG’s 18th transaction in the Software sector.
  • This is PSG’s 38th transaction in the United States.
  • This is PSG’s 2nd transaction in Utah.

Investment Summary
Date 2021-04-20
Target Kenect
Sector Software
Investor(s) PSG
Deal Type Growth Capital
Advisor(s) DLA Piper (Legal)

Target

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.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 51 of 108
Sector (Software) 18 of 33
Type (Growth Capital) 24 of 63
State (Utah) 2 of 2
Country (United States) 38 of 74
Year (2021) 5 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 Nalanda Global

Madrid, Spain

Nalanda Global is a software-as-a-Service (SaaS) company providing supplier risk management software solutions. Nalanda Global was founded in 2000 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 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.

Buy -
Mergr

Product

Company

Legal