Investment Summary

Updata Partners Invests In Bigleaf Networks

On September 24, 2019, growth capital firm Updata Partners invested in internet software and services company Bigleaf Networks

Investment Highlights
  • This is Updata Partners’ 9th transaction in the Internet Software and Services sector.
  • This is Updata Partners’ 48th transaction in the United States.
  • This is Updata Partners’ 2nd transaction in Oregon.

Investment Summary
Date 2019-09-24
Target Bigleaf Networks
Sector Internet Software and Services
Investor(s) Updata Partners
Deal Type Venture

Target

Bigleaf Networks

Tigard, Oregon, United States
Bigleaf Networks is an intelligent networking service that optimizes Internet and Cloud performance by dynamically choosing the best connection based on real-time usage and diagnostics. Bigleaf Networks was established in 2012 and is based in Tigard, Oregon.

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Investor(S) 1

Investor

Updata Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1998
PE ASSETS 1.5B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Updata Partners is the investment affiliate of Updata Advisors, an East Coast US based investment bank. Updata Partners looks to invest in growth oriented information technology businesses from early-stage to buyout, with revenues up to $50 million. Updata Partners typically invests between $15 and $100 million as a lead or co-lead investor. Within information technology, Updata has specific interest in; infrastructure software, physical and digital security, storage software, educational software, internet and interactive technology, media and wireless infrastructure and services, financial technology software, retail technology, business intelligence, subscription-based and on-demand information services, and business services. Updata Partners was formed in 1998 and is based in Washington DC.

DEAL STATS #
Overall 53 of 65
Sector (Internet Software and Services) 9 of 10
Type (Venture) 33 of 43
State (Oregon) 2 of 3
Country (United States) 48 of 56
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 Built In

Chicago, Illinois, United States

Built In is a network of recruitment marketing sites for local tech communities. Built In’s platform and content helps companies to attract quality talent and make better hires. Built In is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-10 Practifi

Chicago, Illinois, United States

Practifi is a business management platform for financial advisors. Small advice firms and multinational wealth management companies leverage Practifi to manage customer relationships, accelerate productivity, and maintain compliance. Practifi was established in 2013 and is based in Chicago, Illinois.

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