Investment Summary

Stripes Invests In Netbiscuits

On October 26, 2012, growth capital firm Stripes invested in internet software and services company Netbiscuits

Investment Highlights
  • This is Stripes’ 5th transaction in the Internet Software and Services sector.
  • This is Stripes’ 1st transaction in Germany.

Investment Summary

Date 2012-10-26
Target Netbiscuits
Sector Internet Software and Services
Investor(s) Stripes
Deal Type Venture

Target

Netbiscuits

Kaiserslautern, Germany
Netbiscuits is an enterprise-class cloud-based platform to create, manage and track best-in-class mobile web experiences at scale. Netbiscuits platform is used by over 400 enterprise clients and tens of thousands of registered developers around the world. Netbiscuits is based in Kaiserslautern, Germany.

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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 was formed in 2008 and is based in New York, New York.


DEAL STATS #
Overall 14 of 49
Sector: Internet Software and Services M&A 5 of 15
Type: Venture M&A Deals 5 of 22
Country: Germany M&A 1 of 1
Year: 2012 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-24 Elance

Mountain View, California, United States

Elance, Inc. operates as an online application, marketplace, and workplace/workspace for businesses to connect, hire, and work with professionals to get services and contractor management work done. It enables small and medium businesses to outsource to service providers in various categories, including graphic design, Web design, software development, engineering, writing, translation, and market research; and enterprise customers to streamline and automate the process of finding, buying, and managing services. The company enables employees to find, buy, manage, and pay external services and contractors from various supplier service categories, including information technology, consulting.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Craftsy

Denver, Colorado, United States

Craftsy is a preeminent online destination for passionate makers to learn, create and share. With online classes, popular supplies and indie patterns, over five million creative enthusiasts are taking their skills to new heights. Craftsy was founded in 2011 and is based in Denver, Colorado.

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