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Investment Summary

Updata Partners Invests In Homesnap

On February 15, 2018, growth capital firm Updata Partners invested in internet software and services company Homesnap

Investment Highlights
  • This is Updata Partners’ 7th transaction in the Internet Software and Services sector.
  • This is Updata Partners’ 46th transaction in the United States.
  • This is Updata Partners’ 1st transaction in Maryland.
Investment Fate
  • Homesnap was sold to a publicly-traded strategic buyer in 2020 for 250M USD.

Investment Summary
Date 2018-02-15
Target Homesnap
Sector Internet Software and Services
Investor(s) Updata Partners
Deal Type Venture

Target

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.

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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 Large
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 $150 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 48 of 68
Sector: Internet Software and Services M&A 7 of 11
Type: Venture M&A Deals 29 of 43
State: Maryland M&A 1 of 1
Country: United States M&A 46 of 58
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 XebiaLabs

Burlington, Massachusetts, United States

XebiaLabs, Inc. is a provider of automation software for DevOps and Continuous Delivery helping companies accelerate the delivery of new software. XebiaLabs was formed in 2008 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 Uberflip

Toronto, Ontario, Canada

Uberflip is a cloud-based content experience platform that empowers B2B marketers to create personalized content experiences at scale. By providing marketers with the tools they need to boost engagement, generate leads, and fuel demand generation, they can better leverage content to meet their goals. Uberflip was founded in 2012 and is based in Toronto, Ontario.

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