Investment Summary

Stripes Invests In Verbit

On January 15, 2020, growth capital firm Stripes invested in software company Verbit

Investment Highlights
  • This is Stripes’ 2nd transaction in the Software sector.
  • This is Stripes’ 1st transaction in Israel.

Investment Summary
Date 2020-01-15
Target Verbit
Sector Software
Investor(s) Stripes
Deal Type Venture

Target

Verbit

Tel Aviv, Israel
Verbit is a provider of interactive transcription and captioning solutions. Verbit utilizes in-house, AI-based technology to transform both live and recorded video and audio into +99% accurate captions and transcripts for the education, legal, media, and enterprise industries. The combination of Verbit’s in-house Automated Speech Recognition (ASR) technology and human transcribers offers high-quality, word-for-word, interactive, and collaborative transcripts and captions. Verbit’s customizable solution helps customers meet ADA, FCC, and privacy compliance requirements to increase operational capacity, accessibility and serve customers and students. Verbit was founded in 2016 and is based in Tel Aviv, Isreal.

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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 7.3B 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 33 of 40
Sector (Software) 2 of 3
Type (Venture) 16 of 22
Country (Israel) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 Dataiku

New York, New York, United States

Dataiku is a centralized data platform that democratizes the use of data science, machine learning, and AI in the enterprise. Dataiku was founded in 2013 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Island

Dallas, Texas, United States

Island is a cyber company, that provides a secure web browser for the enterprise. Island was founded in 2020 and is based in Dallas, Texas.

Buy -
Mergr

Product

Company

Legal