M&A Deal Summary

The Climate Acquires 640 Labs

On December 8, 2014, The Climate acquired internet software and services company 640 Labs

Acquisition Highlights
  • This is The Climate’s 1st transaction in the Internet Software and Services sector.
  • This is The Climate’s 3rd transaction in the United States.
  • This is The Climate’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2014-12-08
Target 640 Labs
Sector Internet Software and Services
Buyer(s) The Climate
Deal Type Add-on Acquisition

Target

640 Labs

Chicago, Illinois, United States
640 Labs, Inc. is an agricultural technology.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

The Climate

San Francisco, California, United States
Category Company
Founded 2006
Sector Information Technology
Employees150
DESCRIPTION

The Climate Corp. aims to help farmers around the world protect and improve their farming operations with uniquely powerful software and insurance products. The company's proprietary technology platform combines hyper-local weather monitoring, agronomic data modeling, and high-resolution weather simulations to deliver climate.com, a SaaS solution that helps farmers improve their profits by making better informed operating and financing decisions, and Total Weather Insurance, an insurance offering that pays farmers automatically for bad weather that may impact their profits.

DEAL STATS #
Overall 3 of 5
Sector (Internet Software and Services) 1 of 3
Type (Add-on Acquisition) 2 of 4
State (Illinois) 2 of 2
Country (United States) 3 of 4
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-20 Solum - Soil Analysis

United States

Solum’s Soil Analysis business provides soil analysis services to help farmers identify ways they can continue to optimize crop yields and use resources more efficiently.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 WeatherMe OÜ

Tallinn, Estonia

VitalFields is a farm management software company. VitalFields offers an easy-to-use tool for farmers to plan, manage and analyze their field activities, including simplified tracking and reporting of all crop inputs to help ensure compliance with European Union environmental standards.

Buy -
Mergr

Product

Company

Legal