Investment Summary

Stripes Invests In Connecteam

On March 2, 2022, growth capital firm Stripes invested in internet software and services company Connecteam

Investment Highlights
  • This is Stripes’ 14th transaction in the Internet Software and Services sector.
  • This is Stripes’ 39th transaction in the United States.
  • This is Stripes’ 14th transaction in New York.

Investment Summary

Date 2022-03-02
Target Connecteam
Sector Internet Software and Services
Investor(s) Stripes
Deal Type Venture

Target

Connecteam

New York, New York, United States
Connecteam is an all-in-one app providing HR tools, communications services, and daily operations management (e.g., scheduling, virtual time cards). Connecteam was founded in 2014 and is based in New York, New York.

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Investor(S) 1

Investor

Stripes

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.


DEAL STATS #
Overall 42 of 49
Sector: Internet Software and Services M&A 14 of 15
Type: Venture M&A Deals 21 of 22
State: New York M&A 14 of 19
Country: United States M&A 39 of 46
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 Paradox

Scottsdale, Arizona, United States

Paradox is a conversational AI and workflow automation software platform that serves human resources functions in companies. Paradox offers an AI-powered recruiting assistant, named Olivia, focused on capturing candidate data, answering general candidate questions, qualifying leads, and scheduling interviews. Paradox was founded in 2016 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 A24

New York, New York, United States

A24 is an independent entertainment company, that specializes in film, television production, and film distribution. A24 was founded in 2012 and is based in New York, New York.

Buy -