Investment Summary

PSG Invests In ZeroNorth

On June 2, 2022, growth capital firm PSG invested in internet software and services company ZeroNorth

Investment Highlights
  • This is PSG’s 37th transaction in the Internet Software and Services sector.
  • This is PSG’s 1st transaction in Denmark.

Investment Summary

Date 2022-06-02
Target ZeroNorth
Sector Internet Software and Services
Investor(s) PSG
Deal Type Venture

Target

ZeroNorth

Copenhagen, Denmark
ZeroNorth is a multi-service platform and leading technology developer, which interconnects data into insights and actions, optimising global trade for cargo owners, vessel owners, commercial operators, charterers, and bunker suppliers. The company’s software offers a full range of services which support the value chain to increase earnings and reduce Co2 emissions; delivered to customers through a software-as-a-service (SaaS) model. ZeroNorth is based in Copenhagen, Denmark.

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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 94 of 130
Sector: Internet Software and Services M&A 37 of 50
Type: Venture M&A Deals 16 of 17
Country: Denmark M&A 1 of 1
Year: 2022 M&A 17 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Penny

Squamish, British Columbia, Canada

Penny is a social commerce enablement platform, purpose-built for brands to empower the modern social seller. The data-driven unified platform leverages AI to enable sellers with an automated repeatable process, ongoing learning and business intelligence, resulting in an exceptional customer experience and the potential to drive sales. Penny was founded in 2017 and is based in Squamish, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Sola

Brooklyn, New York, United States

Sola is a provider of tech-enabled payment processing solutions to small- and medium-sized businesses (“SMBs”) across the U.S. and Canada. Sola utilizes a tailored, merchant-centric approach that provides customers with industry-leading support and service while Sola’s technology and interchange optimization expertise enable more consistent, and in most cases lower, overall processing costs. Sola was founded in 1996 and is based in Brooklyn, New York.

Buy -