Investment Summary

PSG Invests In Nym

On October 1, 2024, growth capital firm PSG invested in information technology company Nym

Investment Highlights
  • This is PSG’s 19th transaction in the Information Technology sector.
  • This is PSG’s 73rd transaction in the United States.
  • This is PSG’s 7th transaction in New York.

Investment Summary

Date 2024-10-01
Target Nym
Sector Information Technology
Investor(s) PSG
Deal Type Growth Capital

Target

Nym

New York, New York, United States
Nym transforms clinical language into actionable information that removes inefficiencies that add billions to the cost of care. The company accurately decodes medical charts in a way that is efficient, explainable, and compliant. Its innovative solution for revenue cycle management (RCM) takes provider notes within patient charts and translates them into accurate diagnostic and billing charge codes, all within a matter of seconds and with zero human intervention. Nym is based in New York, New York.

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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 106 of 108
Sector (Information Technology) 19 of 19
Type (Growth Capital) 61 of 63
State (New York) 7 of 7
Country (United States) 73 of 74
Year (2024) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Benchmark Analytics

Chicago, Illinois, United States

Benchmark Analytics is a revolutionary police force management platform designed to measure and advance officer and department performance across the U.S. Benchmark Analytics was founded in 2017 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 OfColor

New York, New York, United States

OfColor is an enterprise SaaS provider focused on the financial health of employees. OfColor enables companies of all sizes to provide their employees with access to premier fintech tools and services. OfColor was founded in 2020 and is based in New York City.

Sell -