Investment Summary

Updata Partners Invests In BoxCast

On December 16, 2020, growth capital firm Updata Partners invested in media company BoxCast

Investment Highlights
  • This is Updata Partners’ 1st transaction in the Media sector.
  • This is Updata Partners’ 51st transaction in the United States.
  • This is Updata Partners’ 2nd transaction in Ohio.

Investment Summary
Date 2020-12-16
Target BoxCast
Sector Media
Investor(s) Updata Partners
Deal Type Venture

Target

BoxCast

Cleveland, Ohio, United States
BoxCast is an easy, flexible live streaming platform that empowers thousands of organizations around the world to engage and grow their communities through high-quality video. Launched in 2013, BoxCast is headquartered in Cleveland, Ohio.

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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 57 of 65
Sector (Media) 1 of 1
Type (Venture) 37 of 43
State (Ohio) 2 of 2
Country (United States) 51 of 55
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-22 Homesnap

Bethesda, Maryland, United States

Homesnap, Inc. is an online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Over 300,000 agents nationwide use the application an average of 30 times each month. Those 300,000 agents are also the nation’s most productive, selling the majority of homes in the US. Homesnap is based in Bethesda, Maryland.

Sell $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 HG Insights

Santa Barbara, California, United States

HG Insights is a provider in competitive intelligence for in-use products and services. The Company’s machine-generated data set powers a variety of use cases including market analysis, competitive displacement, predictive modeling, lead scoring, marketing campaigns, and client retention initiatives. HG Insights was founded in 2010 and is based in Santa Barbara, California.

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