Investment Summary

Serent Capital and Arrowroot Capital Invest In KORE Software

On June 12, 2018, growth capital firm Serent Capital and private equity firm Arrowroot Capital invested in software company KORE Software

Investment Highlights
  • This is Serent Capital’s 11th and Arrowroot Capital’s 6th transaction in the Software sector.
  • This is Serent Capital’s 31st and Arrowroot Capital’s 14th transaction in the United States.
  • This is Serent Capital’s 1st and Arrowroot Capital’s 1st transaction in New York.

Investment Summary

Date 2018-06-12
Target KORE Software
Sector Software
Investor(s) Serent Capital
Arrowroot Capital
Deal Type Growth Capital

Target

KORE Software

New York, New York, United States
KORE Software is a provider of CRM and business management software for the sports and entertainment industries. KORE Software’s products and services help more than 100 professional sports teams and 450 properties, brands, and agencies worldwide harness valuable customer and partner data to fuel business intelligence and optimize performance. From fan engagement and data warehousing to sponsorship and premium offerings, KORE delivers an integrated suite of applications to drive insights, efficiency, and profitability within sports and entertainment. KORE Software was founded in 2002 and is based in New York City.

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Investor(S) 2

Investor

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 31 of 69
Sector (Software) 11 of 31
Type (Growth Capital) 27 of 59
State (New York) 1 of 4
Country (United States) 31 of 65
Year (2018) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 MinuteKEY

Boulder, Colorado, United States

Minute Key Holdings, Inc. is a developer of the self-service key duplication machine. MinuteKEY was founded in 2008 and is based in Boulder, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 MeridianLink

Costa Mesa, California, United States

MeridianLink provides mission-critical software solutions to financial institutions. The company’s LoansPQ, LendingQB, and ACTion platforms allow banks and credit unions to process and accept consumer and mortgage loans as well as account opening applications, and integrate seamlessly with all major core and data services providers. It also offers Synergy, a highly customizable and configurable loan processing, and decisioning workflow product, as well as MortgageCreditLink, the dominant provider of “tri-merge” integration functionality into credit bureaus and other third-party consumer and business databases. MeridianLink was formed in 1998 and is based in Costa Mesa, California.

Buy -
Investor

Arrowroot Capital

Marina Del Rey, California, United States

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Arrowroot Capital is a private investment group focused on making growth capital investments in software-as-a-service and internet-based companies. The Firm looks to invest $5 to $25 million per transaction to support growth initiatives, liquidity for founders/investors, or acquisitions. Prospective companies are generally are b2b, offering mission-critical services. Arrowroot was formed in 2014 and is based in Santa Monica, California.


DEAL STATS #
Overall 14 of 27
Sector (Software) 6 of 10
Type (Growth Capital) 7 of 8
State (New York) 1 of 3
Country (United States) 14 of 23
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 Firstup

San Francisco, California, United States

Firstup is a workforce communications platform that enables organizations to accelerate and accomplish their business initiatives by reaching, aligning, and mobilizing every worker. Firstup is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Hammertech

Richmond, Australia

Hammertech is a global construction technology company that provides a cloud-based, collaborative performance & productivity platform, ensuring operational efficiency, quality, and safety. The company provides 16 integrated modules that make it possible to have everything in one place, allowing customers to replace paper, excel, and individual apps. Hammertech is based in Richmond, Australia.

Buy -