Investment Summary

Silversmith Capital Partners and PSG Invest In Clearer.io

On April 21, 2022, growth capital firms Silversmith Capital Partners and PSG invested in internet software and services company Clearer.io

Investment Highlights
  • This is Silversmith Capital Partners’ 9th and PSG’s 34th transaction in the Internet Software and Services sector.
  • This is Silversmith Capital Partners’ 30th and PSG’s 64th transaction in the United States.
  • This is Silversmith Capital Partners’ 5th and PSG’s 7th transaction in Massachusetts.

Investment Summary

Date 2022-04-21
Target Clearer.io
Sector Internet Software and Services
Investor(s) Silversmith Capital Partners
PSG
Deal Type Venture

Target

Clearer.io

Boston, Massachusetts, United States
Clearer.io is a software platform for e-commerce merchants that brings software applications to drive merchant growth. Its product suite consists of more than 25 point solutions used by over 100,000 merchants on platforms such as Shopify, WooCommerce, and BigCommerce. Clearer.io was founded in 2021 and is based in Boston, Massachusetts.

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Investor(S) 2

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 STATS #
Overall 32 of 42
Sector: Internet Software and Services M&A 9 of 9
Type: Venture M&A Deals 7 of 9
State: Massachusetts M&A 5 of 5
Country: United States M&A 30 of 38
Year: 2022 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Formstack

Fishers, Indiana, United States

Formstack is a secure workplace productivity platform built to produce ingenious solutions to the everyday work that slows organizations down. Formstack was founded in 2006 and is headquartered in Fishers, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Worldly

Concord, California, United States

Worldly is a technology platform that provides environmental and social labor data to the consumer goods industry. Worldly was founded in 2019 and is based in Concord, California.

Buy -
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 89 of 130
Sector: Internet Software and Services M&A 34 of 50
Type: Venture M&A Deals 14 of 17
State: Massachusetts M&A 7 of 11
Country: United States M&A 64 of 91
Year: 2022 M&A 12 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Backlight

Lexington, Massachusetts, United States

Backlight is a media technology company that improves video content ideation, production, post-production, and distribution. Backlight was founded in 2021 and is based in Lexington, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 Whoz

Paris, United States

Whoz is a SaaS solution delivering smart staffing and talent and project portfolio management for professional services companies and IT departments of large companies. Whoz was founded in 2016 and is based in Paris, France.

Buy -