Investment Summary

Rho Acceleration Invests In Skyword

On January 9, 2018, private equity firm Rho Acceleration invested in software company Skyword

Investment Highlights
  • This is Rho Acceleration’s 1st transaction in the Software sector.
  • This is Rho Acceleration’s 2nd transaction in the United States.
  • This is Rho Acceleration’s 1st transaction in Massachusetts.

Investment Summary

Date 2018-01-09
Target Skyword
Sector Software
Investor(s) Rho Acceleration
Deal Type Growth Capital

Target

Skyword

Boston, Massachusetts, United States
Skyword is a content marketing software and services company whose customers have created and published more than one million original stories as articles, videos, images, infographics, podcasts, and animations on the Skyword Platform. Skyword was established in 2010 and is based in Boston, Massachusetts.

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Investor(S) 1

Investor

Rho Acceleration

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
Size Middle-Market
Type Sector Focused
DESCRIPTION

Rho Acceleration is a division of Rho Capital Partners, targets buyout and recap investments in mid-market technology companies. Rho target software, digital media, and tech-enabled service companies. Rho was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 2 of 3
Sector: Software M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 SnagAJob

Glen Allen, Virginia, United States

SnagAJob is an online community of hourly workers and a provider of workforce management solutions that allow employers to more effectively hire and manage their hourly workforce. SnagAJob was founded in 1999 and is based in Glen Allen, Virginia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Passport Labs

Charlotte, North Carolina, United States

Passport Labs is a mobile technology company providing enterprise software to help parking and transit agencies connect with their communities. Passport’s mobility platform enables clients to digitally coordinate all modes of transportation and implement real-time, data-centric management of their curbside and streetspace through its enterprise software. Passport Labs was founded in 2010 and is based in Charlotte, North Carolina.

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