Investment Summary

PSG Invests In OfColor

On August 5, 2021, growth capital firm PSG invested in internet software and services company OfColor

Investment Highlights
  • This is PSG’s 25th transaction in the Internet Software and Services sector.
  • This is PSG’s 44th transaction in the United States.
  • This is PSG’s 3rd transaction in New York.
Investment Fate
  • OfColor was sold to a strategic buyer in 2024.

Investment Summary

Date 2021-08-05
Target OfColor
Sector Internet Software and Services
Investor(s) PSG
Deal Type Growth Capital

Target

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.

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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 62 of 113
Sector (Internet Software and Services) 25 of 48
Type (Growth Capital) 29 of 68
State (New York) 3 of 7
Country (United States) 44 of 78
Year (2021) 16 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Catalis

Alpharetta, Georgia, United States

Catalis is a provider of government software and integrated payment solutions. The company offers comprehensive solutions for all sizes of government entities municipalities, counties, states, and federal agencies - with thousands of clients in all 50 states and Canada. Catalis was founded in 2017 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Vault Verify

New Smyrna Beach, Florida, United States

Vault Verify is a growth stage HR technology company that works with hundreds of enterprise clients to remove labor burden by automating verifications of employment and income and the I-9 process. Vault Verify’s proprietary API and software technology integrates with HR systems and pulls data records in real-time to automate the entire employment and income verification process, thereby reducing human involvement. Vault Verify was founded in 2013 and is based in New Smyrna Beach, Florida.

Buy -