Investment Summary

Stripes Invests In Spectro Cloud

On July 27, 2021, growth capital firm Stripes invested in internet software and services company Spectro Cloud

Investment Highlights
  • This is Stripes’ 13th transaction in the Internet Software and Services sector.
  • This is Stripes’ 37th transaction in the United States.
  • This is Stripes’ 11th transaction in California.

Investment Summary

Date 2021-07-27
Target Spectro Cloud
Sector Internet Software and Services
Investor(s) Stripes
Deal Type Venture

Target

Spectro Cloud

San Jose, California, United States
Spectro Cloud is a next-gen kubernetes enterprise management platform that makes it easy for teams to manage the full lifecycle of any combination of new and existing Kubernetes environments on any data center or cloud environment. Spectro Cloud was founded in 2019 and is based in San Jose, California.

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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 40 of 49
Sector: Internet Software and Services M&A 13 of 15
Type: Venture M&A Deals 19 of 22
State: California M&A 11 of 12
Country: United States M&A 37 of 46
Year: 2021 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Harvest Hosts

Vail, Colorado, United States

Harvest Hosts is a membership club for RVers offering unique overnight stays at more than 2,400 farms, wineries, breweries, distilleries, golf courses, museums, and other scenic small businesses all over North America. The company's mission is to help people live happier lives through road travel, while supporting wonderful small businesses along the way. Harvest Hosts was founded in 2010 and is based in Vail, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Udemy

San Francisco, California, United States

Udemy is an online education learning marketplace where 10 million students are enrolled in 40,000 courses across 190 countries. Udemy was founded in 2010 and is based in San Francisco, California.

Sell -