Financial deals, mergers and acquisitions in the tech ecosystem are mentioned daily in the Atlanta Inno Beat newsletter, along with insights on how personnel moves may impact a startup’s future. Sign up for the Beat to get it each day in your inbox.
Check out the most important mergers, acquisitions, partnerships and investments from Atlanta technology companies from April 2019. Did we miss a deal? Let me know at mhogan@americaninno.com.
Guide Therapeutics, Inc., an Atlanta-based medical tech supply company, has added $3.5 million in new equity funding to a prior round of $2.5 million reported just a couple months ago. That brings this round to $6 million, according to an SEC filing.
InfoTycoon, an Atlanta-based inspections and asset management platform for multifamily homes, has raised $5 million in a seed funding round led by Shadow Ventures, according to a news release. The company also announced that AEC and CRE tech expert KP Reddy, founder of Shadow Ventures, will join InfoTycoon as executive chairman and interim-CEO.
SalesLoft, an Atlanta-based sales engagement platform, has raised $70 million in a Series D round, bringing its total funding to $145 million. Insight Partners led the round alongside HarbourVest Partners. The VC firms joined prior investors Emergence Capital and LinkedIn. SalesLoft has grown recurring revenue by more than 1,000 percent over the last three years and has expanded to 400 employees. The company was named the seventh fastest-growing technology company in North America by Deloitte.
Vital, an Atlanta-based company making AI-powered software for patient health in emergency rooms, has raised $5.2 million in seed funding, according to Term Sheet. First Round Capital and DFJ led the round.
Cognosos Inc., an Atlanta-based IoT startup, has raised another $1.5 million toward a goal of $2 million, according to the Atlanta Business Chronicle. The company develops low-power wireless technology and hardware that allows sensors in cars, parking meters and other devices to transmit data.
Atlanta-based credit agency Equifax Inc. has acquired PayNet, a company that provides commercial credit risk underwriting and management solutions to online and alternative finance lenders, and commercial finance and leasing companies in the U.S. and Canada, according to a news release.
FullStory, an Atlanta-based customer experience software company, has closed $32 million in Series C funding. The round was led by growth equity firm Stripes, a new investor in the company. Dell Technologies Capital, another new investor, joined Stripes alongside GV, Kleiner Perkins and Salesforce Ventures. The new investment brings the company’s total funding to $57 million.
The Community Foundation for Greater Atlanta’s impact investment fund, the GoATL Fund, recently closed a new $1 million investment for the Low Income Investment Fund to launch a new program to finance high-potential, early-stage charter schools in metro Atlanta’s lower income communities, according to a news release. In addition to funding from the U.S. Department of Education, GoATL’s investment will allow LIIF to create a financing vehicle designed for earlier stage, promising charter schools. Since 2018, the GoATL Fund, the first impact investment fund of its kind in Georgia, has invested $4.25 million in loans that seek to generate a measurable social outcome along with a financial return.
ClickFox, an Atlanta-based customer experience analytics platform, has raised nearly $5 million, according to a recent filing with the SEC.
Bain Capital is considering options for Waystar, an Atlanta-based healthtech company. Bain Capital has held early-stage discussions about the sale of the business, which was created after combining companies Navicure Inc. and ZirMed in 2017. A deal could value the company at more than $3 billion, according to Bloomberg.
MyMy Music, an Atlanta-based streaming music platform that allows listeners to discover and help promote independent artists, has received funding from Hit Ventures, an entertainment media consulting firm based in Montreal, Canada, with a tech-based venture capital fund. For MyMy Music, the Canadian firm brings working partnerships with artist representation agencies, as well as global accounting and law firms to provide services for artists on the MyMy Music platform, according to a news release.
PadSplit, an Atlanta-based affordable housing tech startup, has raised $4.6 million in a seed round. Social impact and institutional investors contributed to the round, which was led by Core Innovation Capital and includes Cox Enterprises, Kapor Capital, Techstars Ventures, 1984 Ventures, The Impact Engine, Metaprop and Enterprise Community Partners. Arjan Schütte from Core Innovation Capital and Kathryn Petralia from Kabbage will join PadSplit’s board, according to a news release.
AKESOgen, Inc., a Peachtree Corners biotechnology startup, has raised $1.5 million, according to a recent filing with the SEC. AKESOgen is an integrated genomics, genetics and biobanking company that services the pharmaceutical, biotechnology, clinical, academic and government sectors for clinical trials, diagnostic clinical testing and research.
Atlanta-based Montra Solutions, a software-enabled managed services provider that delivers cloud, security and infrastructure solutions, has acquired another local company, Midtown Technology Partners, a provider of managed IT services.
Atlanta-based West Hill Global, a property claim process software company, has raised $2.5 million, according to a recent filing with the SEC.
Atlanta events and hospitality platform Gather landed a new strategic investment from Enlightened Hospitality Investments LP, which is operated by major restaurant operator Union Square Hospitality Group. They didn’t share the funding amount. As part of the deal, EHI joins Gather’s board and Gather’s platform will be used in Union Square’s restaurants and other businesses.
WorldWatch Plus, a Kennesaw-based provider of a global know-your-customer/ customer due diligence solution, has closed a $1.5 million funding round, according to company representatives. The round was led by Tom Cardy, an angel investor and company board member, and Naples Technology Ventures, a Florida-based VC firm. The company will use the funds to accelerate sales, marketing and product development. In addition to the funding, WorldWatch Plus was selected as one of eight out of 150+ companies that appeared on the Rise of the Rest Road Trip, which traveled to Florida and Puerto Rico from April 29 to May 3 to pitch their companies.
UserIQ, an Atlanta-based software company, has raised $3.6 million in a recent funding round, according to a filing with the SEC. Launched in 2014, UserIQ is a B2B customer engagement startup that tracks what users are doing inside web applications and allows customer service, product management and product marketing teams to deliver relevant messages to the right user at the right time.
BrightWave, an Atlanta-based email marketing and electronic customer relationship management agency, has been acquired by St. Louis-based marketing agency Ansira Partners Inc. Terms of the deal were not disclosed. Founded in 2003, BrightWave reported about $4.5 million in revenue through June last year, after having grown to $7.23 million in revenue in 2017.
Atlanta-based STORD Inc., a supply chain startup that connects customers with available warehousing and distribution, has raised $12.4 million, according to a filing with the SEC. Last year, the startup raised $2.4 million in funding, bringing their total raised to $14.8 million. CEO Sean Henry and CTO Jacob Boudreau founded STORD in 2015 through the CREATE-X program – an entrepreneurial program at Georgia Tech that enables students to create real startups and take them to market.
Duluth-based United Technology Group, a provider of co-management tech services, has been acquired by Coretelligent, a portfolio company of VSS, according to Fortune’s newsletter Term Sheet. Financial terms of the deal weren’t disclosed.
SingleOps, an Atlanta-based business management software startup that caters to the green and outdoor services industry, has raised $1.6 million in a Series A round led by serial entrepreneur and founder of Atlanta Ventures David Cummings, with participation from all existing investors. Cummings initially led the company’s first seed round of $1 million in May 2017. Sean McCormick, founder and CEO of SingleOps, said a few angel investors and customers participated in the Series A round.
