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Investment Summary

Summit Partners Invests In Output

On October 21, 2020, growth capital firm Summit Partners invested in internet software and services company Output

Investment Highlights
  • This is Summit Partners’ 40th transaction in the Internet Software and Services sector.
  • This is Summit Partners’ 299th transaction in the United States.
  • This is Summit Partners’ 70th transaction in California.

Investment Summary
Date 2020-10-21
Target Output
Sector Internet Software and Services
Investor(s) Summit Partners
Deal Type Venture

Target

Output

Los Angeles, California, United States
Output is an operator of a technology company built by musicians. Output SaaS-based music creation platform develops software and gear for musicians, composers, producers, and sound designers across all genres. Output was founded in 2013 and is based in Los Angeles, California.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 353 of 415
Sector: Internet Software and Services M&A 40 of 51
Type: Venture M&A Deals 29 of 34
State: California M&A 70 of 77
Country: United States M&A 299 of 335
Year: 2020 M&A 14 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 LearnUpon

Dublin, Ireland

LearnUpon is a cloud-based LMS designed to empower organizations to train their employees, customers, and partners from a single, integrated, intuitive platform. LearnUpon was founded in 2012 and is based in Dublin, Ireland.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 VeriShip

Kansas City, Missouri, United States

VeriShip is a SaaS-based logistics spend management and payments platform used by corporate shippers. VeriShip helps shippers gain granular visibility into parcel spend, save money on contractual and erroneous charges, and consolidate and automate payments to carriers. VeriShip was founded in 2004 and is based in Kansas City, Missouri.

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