Growth Capital • Internet Software and Services

Silversmith Capital Partners Invests In Absorb

On September 6, 2017, growth capital firm Silversmith Capital Partners invested in internet software and services company Absorb

Investment Context
  • This is Silversmith Capital Partners’ 5th transaction in the Internet Software and Services sector.
  • This is Silversmith Capital Partners’ 1st transaction in Canada.
  • This is Silversmith Capital Partners’ 1st transaction in Alberta.
Investment Fate
  • Absorb was sold to a consortium of financial buyers in 2021.

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Investment Summary

Date September 6, 2017
Target Absorb
Sector Internet Software and Services
Investor(s) Silversmith Capital Partners
Deal Type Growth Capital

Target Company

Absorb

Calgary, Alberta, Canada
Absorb is a learning technology company. Absorb’s learning management system (LMS) centers around an intuitive user experience and a highly configurable, brand-specific interface, offering administrative, course builder, and reporting tools to its stakeholders. Absorb was established in 2003 and is based in Calgary, Alberta.
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Investor Overview 1

Investor
DESCRIPTION

Silversmith Capital Partners is a private investment firm focused on growth capital investments in SaaS and healthcare IT/services companies. The Firm looks to invest $20 to $125 million in growing companies (20%+) with at least $10 million in revenue. Silversmith Capital Partners was established in 2015 and is headquartered in Boston, Massachusetts.


Deal Context for Investor #
Overall 11 of 43
Sector: Internet Software and Services 5 of 9
Type: Growth Capital 6 of 27
State: Alberta 1 of 1
Country: Canada 1 of 1
Year: 2017 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 RedAwning

Petaluma, California, United States

RedAwning is a branded network of vacation rental properties, combining a layer of consistency and trust with 24/7 guest and property manager support services for every stay. With over 100,000 unique rental properties in over 10,000 destinations, RedAwning is a supplier of vacation rentals to every major online booking website, including Booking.com, Expedia, HomeAway/VRBO, FlipKey/TripAdvisor, and Airbnb. RedAwning was established in 2010 and is based in Petaluma, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 daVinci

Buffalo Grove, Illinois, United States

daVinci is a provider of prepaid solutions for global incentive and reward programs. daVinci offers robust corporate partner platforms that distribute both physical and virtual cards through leading-edge digital solutions where payments can be distributed via email, text message or product packaging. daVinci was established in 1996 and is based in Buffalo Grove, Illinois.

Buy -