Investment Summary

Updata Partners Invests In Nerdio

On December 14, 2022, growth capital firm Updata Partners invested in information technology company Nerdio

Investment Highlights
  • This is Updata Partners’ 13th transaction in the Information Technology sector.
  • This is Updata Partners’ 56th transaction in the United States.
  • This is Updata Partners’ 6th transaction in Illinois.

Investment Summary

Date 2022-12-14
Target Nerdio
Sector Information Technology
Investor(s) Updata Partners
Deal Type Venture

Target

Nerdio

Chicago, Illinois, United States
Nerdio is a Microsoft cloud infrastructure management platform that allows MSPs and enterprises to deploy, manage, and control the costs of Azure Virtual Desktop, Windows 365, and Microsoft Intune. Nerdio is based in Chicago, Illinois.

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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 66 of 68
Sector: Information Technology M&A 13 of 13
Type: Venture M&A Deals 43 of 43
State: Illinois M&A 6 of 6
Country: United States M&A 56 of 58
Year: 2022 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Benivo

London, United Kingdom

Benivo offers an end-to-end employee mobility management platform. Benivo’s platform helps enterprises execute new and existing employee moves by managing the entire process including interfacing with vendors and streamlining employee reimbursements. Benivo is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 FusionAuth

Westminster, Colorado, United States

FusionAuth is a configurable, developer-oriented customer identity platform that allows developers to seamlessly add best-of-breed login functionality to their applications. FusionAuth was founded in 2018 and is based in Westminster, Colorado. ‍

Buy -