Investment Summary

Sumeru Equity Partners and Tiger Global Management Invest In GoGuardian

On May 24, 2018, private equity firm Sumeru Equity Partners and Tiger Global Management invested in internet software and services company GoGuardian

Investment Highlights
  • This is Sumeru Equity Partners’ 6th and Tiger Global Management’s 2nd transaction in the Internet Software and Services sector.
  • This is Sumeru Equity Partners’ 9th and Tiger Global Management’s 1st transaction in the United States.
  • This is Sumeru Equity Partners’ 4th and Tiger Global Management’s 1st transaction in California.

Investment Summary

Date 2018-05-24
Target GoGuardian
Sector Internet Software and Services
Investor(s) Sumeru Equity Partners
Tiger Global Management
Deal Type Growth Capital
Advisor(s) Vista Point Advisors (Financial)

Target

GoGuardian

El Segundo, California, United States
GoGuardian is a management software provider for schools. GoGuardian has changed the way K-12 schools maximize the learning potential of every student. Its SaaS products help educators identify learning patterns, protect students from harmful and distracting content, and support students who are at risk of self-harm. GoGuardian was founded in 2014 and is based in El Segundo, California.

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Investor(S) 2

DESCRIPTION

Sumeru Equity Partners, Inc. is a technology-focused private equity firm that makes investments in mid-market software, technology enabled services, and hardware companies with a focus on growth. Sumeru Equity Partners typically invests between $50 and $250 million in companies with revenues greater than $10 million. Sumeru Equity Partners was formed in 2014 and is based in Foster City, California.


DEAL STATS #
Overall 12 of 24
Sector: Internet Software and Services M&A 6 of 14
Type: Growth Capital M&A Deals 7 of 15
State: California M&A 4 of 7
Country: United States M&A 9 of 16
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 Azuga

San Jose, California, United States

Azuga is a provider of connected vehicle, fleet and telematics software, and solutions for commercial fleets, government agencies, insurance companies, and automotive industry. Azuga was founded in 2012 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 Firstup

San Francisco, California, United States

Firstup is a workforce communications platform that enables organizations to accelerate and accomplish their business initiatives by reaching, aligning, and mobilizing every worker. Firstup is based in San Francisco, California.

Buy -
Investor

Tiger Global Management

New York, New York, United States

Category Company
Founded 2001
Sector Financial Services
DESCRIPTION

Tiger Global Management LLC is a hedge fund company it invests in the public equity markets across the globe.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Growth Capital M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-24 idealista

Madrid, Spain

idealista is an online real estate marketplace that supports approximately 40,000 real estate agents and 38 million unique monthly visitors across Southern Europe, by providing an online real estate classifieds marketplace for home buyers and sellers. idealista was formed in 2000 and is based in Madrid, Spain.

Sell -