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Venture • Software

Sumitomo Equity Asia Invests In Icontek

On August 1, 2018, corporate investor Sumitomo Equity Asia invested in software company Icontek

Investment Context
  • This is Sumitomo Equity Asia’s 2nd transaction in the Software sector.
  • This is Sumitomo Equity Asia’s 1st transaction in Canada.
  • This is Sumitomo Equity Asia’s 1st transaction in Ontario.

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Investment Summary
Date August 1, 2018
Target Icontek
Sector Software
Investor(s) Sumitomo Equity Asia
Deal Type Venture

Target Company

Icontek

Toronto, Ontario, Canada
Icontek provides automated conversational interfaces enable brilliant user experiences. With its next-generation, statistics-based natural language processing (NLP) engines, ICONTEK sets a new standard for ease of use, quality of user experience, and speed to impact for operators. Icontek was established in 2014 and is based in Toronto, Ontario.
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Investor Overview 1

Investor

Sumitomo Equity Asia

Shanghai, China

Investor Investor Investor Investor

Category Corporate Investor
Founded 2002
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Sumitomo Corporation Equity Asia Limited (SCEA) is the Asian private equity arm of Japanese conglomerate Sumitomo. SCEA generally targets fast growing, small to mid-market companies from early to expansion stage. The Firm will also co-invest alongside other investors in larger buyout situations. SCEA will consider investing in high-tech sectors as well more traditional industries. Sectors of interest include wireless, semiconductors, internet services, IT, clean technology, manufacturing, automotive, distribution, logistics, and financial services. SCEA will not invest in privatization opportunities, biotech, capital intensive businesses, infrastructure, or real estate. SCEA was formed in 2002 and is based in Hong Kong.

Deal Context for Investor #
Overall 8 of 13
Sector: Software 2 of 2
Type: Venture 6 of 8
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2018 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 ForceShield

Palo Alto, California, United States

ForceShield is a dynamic security provider to the IoT industries. ForceShield’s solutions help manufacturers, system integrators and OEM build protection into IoT devices, OT networks, web and mobile application clouds, and bring secure IoT products quickly and safely to market. ForceShield was founded in 2016 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 YunQuNa

Shanghai, China

YunQuNa provides international logistics services aided by digital technology. YunQuNa offers 24/7 logistics services based on an online, end-to-end international container freight shipping platform it has developed. YunQuNa was established in 2014 and is based in Shanghai, China.

Buy -

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