Investment Summary

Sunstone Partners Invests In 66degrees

On October 20, 2020, growth capital firm Sunstone Partners invested in internet software and services company 66degrees

Investment Highlights
  • This is Sunstone Partners’ 2nd transaction in the Internet Software and Services sector.
  • This is Sunstone Partners’ 9th transaction in the United States.
  • This is Sunstone Partners’ 1st transaction in Illinois.

Investment Summary
Date 2020-10-20
Target 66degrees
Sector Internet Software and Services
Investor(s) Sunstone Partners
Deal Type Growth Capital

Target

66degrees

Chicago, Illinois, United States
66degrees provide services for both Google Cloud Platform and Google Workspace across clients’ cloud lifecycle, including Cloud Optimization, Professional Services, Support and Google Workspace License management. 66degrees was founded in 2010 and is based in Chicago, Illinois.

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Investor(S) 1

Investor

Sunstone Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2015
PE ASSETS 800M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Sunstone Partners is a private investment firm focused on growth equity investments in and majority buyouts of tech companies. The Firm targets opportunities throughout North American and seeks businesses with at least $10 million in revenues and at least 20% of yearly growth. Sunstone Partners was formed in 2015 from a team that previously worked together at Trident Capital. The Firm is based in San Mateo, California.

DEAL STATS #
Overall 9 of 15
Sector (Internet Software and Services) 2 of 3
Type (Growth Capital) 8 of 12
State (Illinois) 1 of 1
Country (United States) 9 of 14
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-09 Knowtion Health

Boca Raton, Florida, United States

Knowtion Health helps major health systems and hospitals across the U.S. recover maximum dollars from all types of third party-payer claims. Specializing in denials, complex claims, and RCM optimization, RSource deploys an experienced, tech-enabled team to customize receivables management solutions. Knowtion Health’s programs are designed to accelerate and maximize netback, enhance patient satisfaction, and provide actionable feedback to improve front-end processes. Knowtion Health was formed in 2008 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Stova

Frederick, Maryland, United States

Stova is a technology company focused on creating innovative solutions for in-person, virtual, and hybrid events. With every meeting and event, Stova creates transformative experiences that enable their customers, attendees and sponsors to make valuable, face-to-face connections. Stova was formed in 2012 and is based in Frederick, Maryland.

Buy -
Mergr

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