Investment Summary

Battery Ventures and XAnge Invest In Neolane

On January 9, 2012, private equity firm Battery Ventures and venture capital firm XAnge invested in software company Neolane for 27M USD

Investment Highlights
  • This is Battery Ventures’ 14th and XAnge’s 13th transaction in the Software sector.
  • This is Battery Ventures’ 8th and XAnge’s largest (disclosed) transaction.
  • This is Battery Ventures’ 35th and XAnge’s 6th transaction in the United States.
  • This is Battery Ventures’ 5th and XAnge’s 2nd transaction in Massachusetts.
Investment Fate
  • Neolane was sold to a publicly-traded strategic buyer in 2013 for 600M USD.

Investment Summary

Date 2012-01-09
Target Neolane
Sector Software
Investor(s) Battery Ventures
XAnge
Deal Type Growth Capital
Deal Value 27M USD

Target

Neolane

Newton, Massachusetts, United States
website
Neolane, Inc. build and sustain one-to-one lifetime dialogues, dramatically increasing revenue and marketing efficiency.

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Investor(S) 2

Investor

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $20 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 39 of 96
Sector (Software) 14 of 30
Type (Growth Capital) 13 of 27
State (Massachusetts) 5 of 6
Country (United States) 35 of 69
Year (2012) 2 of 8
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Forterro

London, United Kingdom

Forterro is a group of companies that deliver ERP software to SMEs in specialized geographical or vertical markets. Forterro operates business units in Sweden, Switzerland and France, as well as regional office locations and research and development centers around the world. Forterro was founded in 2012 and is headquartered in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-25 Guidewire

San Mateo, California, United States

Guidewire is a provider of technology solutions to property and casualty insurance and workers' compensation insurers. Guidewire delivers proven software to run core insurance operations, including billing, underwriting, policy administration, and claim management. Guidewire was founded in 2001 and is based in San Mateo, California.

Sell -
Investor

XAnge

Investor Investor Investor Investor Investor

website


Category Venture Capital Firm
Founded 2004
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

XAnge is an early stage investor in Western European startups focused on enterprise data, financial technology, digital media, and tech-enabled services. XAnge was estbablished in 2004 and is headquartered in Munich, Germany.


DEAL STATS #
Overall 39 of 58
Sector (Software) 13 of 14
Type (Growth Capital) 18 of 31
State (Massachusetts) 2 of 2
Country (United States) 6 of 6
Year (2012) 1 of 8
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-24 A Little Market

Paris, France

A Little Market is an online destination for consumers in France looking for creative goods made by local artists and designers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-15 Kiala SA

Brussels, France

Kiala SA operates collection points in Belgium, Luxemburg, the Netherlands and France for the delivery of parcels.

Sell -