ATL Deal Flow is a quarterly breakdown of all the Atlanta tech and startup deals that have gone down in the past 90 days. We’ll be updating this post with new activity through to the end of June.
6/29: Insightpool, an Atlanta-based social influencer database that helps brands expand their social reach, has been acquired by TrendKite, an Austin digital PR firm that uses AI and big data to analyze and improve the reach of public relations campaigns. In addition to the Insightpool acquisition, TrendKite also acquired Austin-based Union Metrics.
6/28: You42, an Atlanta-based social entertainment startup that allows users to exchange and monetize their content using cryptocurrency, announced it will launch its Initial Coin Offering. You42 hopes to raise a total of $50 million to fund content and user acquisition, alongside attracting a large and financially-invested pool of users, after raising $21 million in its presale.
6/28: Inman, Stephen, Asa and Guyton Porter recently launched the “KickStarter for political campaigns and nonprofits,” SupPorter, in the Atlanta Tech Village and plan to raise $1 million in an ICO.
6/27: Atlanta-based The Home Depot has recently participated in an $11 million investment into Homee, a Tampa-based on-demand property maintenance app. The round was led by Activate Capital Partners. Homee has raised a total of $15 million since its inception in July 2016.
6/27: Utility Associates Inc., a Decatur-based manufacturer and supplier of software solutions, has raised $4.8 million in funding, according to a filing with the SEC. According to the company’s website, Utility Associates provides body worn cameras, in-car cameras, mobile routers and more software solutions for law enforcement, transportation agencies and utilities.
6/27: Peloton, a fitness tech company known for its internet-equipped stationary bike, has acquired its first company, Neurotic Media, LLC, an Atlanta-based digital music aggregator, streaming and download source. According to company representatives, the B2B music platform from Neurotic Media will be used to provide riders of Peloton’s stationary bike with a music experience as they pedal. Neurotic Media’s founder Shachar “Shac” Oren will be promoted as a vice president at Peloton, while retaining his leadership role at Neurotic Media.
6/26: Cypress.io, an Atlanta-based startup that offers automated testing for applications in web browsers, has completed a $4 million seed funding round. The round was co-led by Las Olas Venture Capital and Bessemer Venture Partners. Previous investors Tech Square Ventures, BLH Ventures and Buckhead Partners also contributed to the round.
6/25: Pittsburgh-based A2U, an IT and tech consulting company, has been acquired by Atlanta-based FutureTech Holding Company, an information technology conglomerate. Details of the deal were not disclosed, but A2U CEO Dan Dillman will still lead operations. The company hopes to hire five times its current employees (47 people) and expand nationally in the coming years thanks to the acquisition.
6/22: Massacusetts’ Verscend Technologies Inc., a Veritas Capital-based private equity firm, has entered into an agreement to buy Atlanta-based Cotiviti Holdings for $4.9 billion to create a new, private healthcare information tech company. The deal was approved by Cotiviti’s board of directors and is expected to complete in the fourth quarter of this year. In addition to supplying the cash, Veritas will assume all of Cotiviti’s debt.
6/15: A solar panel manufacturing company founded by a Georgia Tech grad in Atlanta is making a turnaround after filing for bankruptcy. Suniva was recently acquired by SQN Capital Management and plans to start operations shortly. Read more about the comeback here.
6/8: Atlanta software company Ionic Security Inc. has amended its SEC filing to show the firm raised $69.8 million in a recent funding round.
6/8: N2N Services, Inc., a software company in Duluth that designs and develops an integration platform-as-a-service (iPaaS) solution for the higher education marketplace, has raised $1.42 million in a recent funding round, according to an SEC filing.
6/7: Truck IT App, a dump truck technology marketplace based in Atlanta that connects customers to haulers, has raised $3.15 million in a recent funding round, according to an SEC filing.
6/6: Atlanta-based Invesco Ltd. has acquired Intelliflo, a UK technology platform for financial advisors, according to a news release. Terms of the deal were not disclosed.
6/5: OutSystems, a low-code rapid application development software company founded in Portugal and headquartered in Atlanta, announced it has raised $360 million in an investment round from KKR and Goldman Sachs. KKR’s investment was made through its Next Generation Technology Growth Fund. The new funding values the company at over $1 billion, and much of the proceeds will be used to accelerate business expansion in North America and for R&D in new advancements in software automation, according to company representatives.
6/4: Interior Logic Group, an Atlanta-based portfolio company of Littlejohn & Co., has announced a merger closing with Interior Specialists, a Carlsbad, Calif.-based portfolio company of Platinum Equity. The two companies are the largest in the interior finishes industry, and will now operate as one under the name Interior Logic Group. Logic Group will provide installation services to homebuilders, multifamily owners and big box retailers across the country.
6/1: Aspirion Health Resources, a tech revenue cycle management company based in Columbus, has been acquired by private equity firm Aquiline Capital Partners, netting the local VC group a return of more than five times its initial investment. Details of the deal were not disclosed.
5/30: Exide Technologies, a battery and energy storage company based in Milton, was awarded the first of two Navy contracts that could reach a total of $75 million. The firm will produce submarine valve regulated lead acid battery cells, packaging, storage, trays, tray lid covers and battery cell boosting, according to the Department of Defense. These contracts have a five-year ordering period and an aggregate ceiling of $75 million.
5/29: I3 Verticals, a payments software firm based in Nashville, has filed for an $85 million IPO. The company plans to debut on the Nasdaq under the symbol “IIIV,” according to a news release. I3 Verticals posted revenue of $293 million in March. Front Street Equities, Harbert Management and Capital Alignment Partners back the firm.
5/29: GreenSky, Inc., a digital platform for loan lending and one of Atlanta’s fastest-growing fintech firms, has raised a total of $1.01 billion from its IPO after closing the offering on Tuesday, according to a press release.The raise is one of the highest fintech IPOs to date.
5/29: Fenway Partners, a private equity firm based in New York City, has acquired Iconic Group, an Atlanta-based photography service for university and college graduations. The group was previously owned by Raymond James Capital and Friend Skoler & Co. Financial terms of the deal were not disclosed.
5/24: Pursuant Health, a healthcare platform based in Atlanta known for digital health kiosks that measure vitals, has raised $10.4 million of a $12.5 million round, according to a Form D filed with the SEC.
5/24: MSouth Equity Partners, an investment firm based in Atlanta, has raised $764.8 million for its fourth fund, according to an SEC filing.
5/23: EVO Payments International, a payment solutions provider based in Atlanta, began trading on the Nasdaq, raising a total of $244 million. The firm announced the pricing of its IPO of 14 million shares at a price of $16 per share, the high end of its $14 to $16 range. However, shares opened at $20.18, a near 26 percent raise from its IPO price, according to Reuters.
5/21: Famacash, a mobile marketplace for retailers and a digital wallet for consumers, has raised $1 million of a $10 million funding round, according to the company’s founder. CEO and founder of Famacash, Saiful Khandaker, said half a million of the investment came from an angel investor in Kansas and the remaining funds came from a private venture capital firm in New York. The company’s headquarters is in Alpharetta.
5/21: PowerPlan, an Atlanta-based software company, was purchased for $1.1 billion in an all-cash deal by Roper Technologies Inc. from Thoma Bravo, according to Reuters. Thoma Bravo bought the company, which provides tax, regulatory and budgeting solutions, in 2015 for an undisclosed price.
5/21: OFS Brightwave, a fiber optic maker based in Norcross, has reached an agreement with Gwinnett County for the municipality to buy more than 100 acres of its plant for $35 million. The plant is located at Interstate 85 and Jimmy Carter Boulevard and will most likely be redeveloped as a multimodal facility for MARTA.
5/17: LendingPoint, a consumer credit agency based in Kennesaw, announced it has secured up to $600 million in funding from a committed credit facility arranged by Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners. With this new deal, LendingPoint has secured up to $1.1 billion of senior credit financing in less than one year.
5/16: Resurgens Technology Partners, an Atlanta-based private equity investor, has purchased Assurance Business Continuity Management Program from Sungard Availability Services (Sungard AS), according to a news release. A new company will be formed from the acquisition called Assurance Software, Inc., which will operate as a stand-alone entity in Wayne, Pennsylvania.
5/16: AmericasMart, an Atlanta-based wholesale marketplace known for hosting trade shows, has been acquired by International Market Centers, which is backed by Blackstone and Fireside Investments. Financial terms of the deal have not been disclosed.
5/15: Atlanta-based BIP Capital has led a Series A funding round of $10.5 million for PriorAuthNow, a Columbus, Ohio-based platform for connecting the healthcare landscape using prior authorization automation, according to an SEC filing.
5/14: Cadence Bancorp announced the company agreed to buy Atlanta-based community bank chain State Bank Financial for $1.4 billion in an all-stock deal. The purchase will create a firm with $16 billion in assets and nearly 100 branches in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas, according to Reuters.
5/11: The sovereign wealth fund of New Zealand has made a $65 million investment into trash-and-recycling startup Rubicon Global. Also known as the NZ Super Fund, this $38 billion fund backed by the country’s government will make its investment as part of Rubicon’s soon-to-be-authorized $140 million round of funding with the SEC.
5/10: Two Atlanta-based venture capital firms, Atlanta Seed Company and Engage VC, have invested in a seed funding round for The Mom Project, a Chicago-based platform for enterprises to connect with experienced and diverse female talent. The Mom Project raised a total of $2.6 million with Atlanta Seed Company leading the round. Other investors included OCA Ventures, BBG Ventures, IrishAngels and Wintrust Ventures.
5/9: ClickFox Inc., a customer experience analytics platform incubated by two Georgia Tech researchers based in Denver, Colorado with an office in Atlanta, raised $38.1 million of a $41.1 million round, according to a Form D filed with the SEC.
5/7: The cloud and business services unit of Atlanta-based Birch Communications was recently purchased for $600 million by Fusion Telecom. The company’s cloud and services were previously owned by Birch Equity Partners.
5/4: Savannah-based Axiom Energy Solutions, a provider of energy efficiency solutions, was acquired by CoolSys, a Brea, Calif.-based refrigeration and HVAC firm backed by Audax Private Equity.
5/4: SmartPM Technologies, Inc., an Atlanta-based company that provides proprietary software in the real estate and construction industry, has secured a $1.1 million seed round. CEO and founder of SmartPM Michael Pink said the company received the funding from more than 10 angel investors, most of whom are based in Atlanta–a rare find in this town. Access to seed capital is a struggle in non-coastal tech hubs and it’s encouraging to see some of our local angels stepping up to back tech in their hometown. Capital raised from the round will be used to hire employees for product development, customer management and sales, as well as advancing the company’s technology, Pink said.
4/24: Construction Partners, a road and infrastructure company based out of Dothan, Ala. and backed by SunTx, announced plans to raise $179.8 million in an IPO. The company hopes to offer 11.25 million shares priced between $15 to $17 apiece and list on the Nasdaq as “ROAD.”
4/23: SmartPM Technologies, an Atlanta-based software company that automates schedule analysis and monitoring systems, has raised $1.1 million of a $1.5 million round of funding, according to this SEC form. At least 19 investors were involved, though details of the deal were not disclosed.
4/20: BitMinutes Inc., an Atlanta-based FinTech firm that turns unused cell phone minutes into cryptocurrency, staged its Initial Coin Offering on April 30.
4/20: Trive Capital, a private equity firm based out of Dallas, exited its investment in Lucky Bucks, an Atlanta-based operator of digital skill-based coin operated amusement machines. Lucky Bucks, which received an investment from Trive in 2016, closed a new credit facility in order to refinance its structured capital investment with the private equity firm. According to a release, Lucky Bucks will also use the credit facility to finance future acquisitions.
4/19: RootsRated, a Chattanooga, Tenn.-based outdoor experience finder firm, raised $6.5 million in funding. TechOperators led the round and was joined by investors including the Chattanooga Renaissance Fund and The Lighthouse Fund.
4/18: Stord, an Atlanta-based startup that offers on-demand storage for logistic companies, shippers and Amazon competitors, recently raised a total of $2.6 million from a funding round, according to an SEC filing. The deal included six undisclosed investors.
4/17: An Atlanta-based augmented reality startup that gained notoriety on the ABC investor show “Shark Tank” has been acquired by Carvana, an online auto retailer. Car360, previously known as Egos Ventures, develops augmented reality software for the auto industry using photos taken with a mobile device. Carvana, which also has a focus on digital imagery for the car buying experience, could potentially enhance their tech with the help of this new acquisition. The company is best known for its car vending machines, including one here in Atlanta.
4/17: RoadSync, a digital payment platform in the transportation industry and ATDC startup, has closed a funding round of $2.5 million, according to an SEC filing. Investors in the deal were not disclosed.
4/17: onQ, a video tech firm in Atlanta with a focus on machine learning and analytics, has closed a second early-stage equity financing round of $6 million. The funding round was made possible by the same group of angel investors that raised $7 million for the company last fall. onQ has previously declined to name its investors, however, the company said they include high net-worth individuals and mid-to-large size companies. According to a news release, the finances will be used to jumpstart development and marketing efforts.
4/17: Atlanta-based UserIQ, a B2B customer engagement startup, has acquired Appunfold, a company based in India that focuses on customer tracking, desktop engagement and mobile engagement. Representatives from UserIQ said the acquisition will help businesses have a unified view of customer engagement on desktops and mobile devices, while also providing an opportunity for targeted onboarding, product engagement campaigns and promotions with each platform.
4/12: Gramarye Media has launched $175 million ICO to fund its movie studio on the East coast. At least $80 million of the funding will go towards the distribution of their movies to theaters across the country without the aid of a third-party company.
4/12: Advent International has acquired FieldEdge, an Atlanta-based field service management software provider, as well as Clearent, a Clayton, Mo.-based payments solution processor. Financial terms are unknown
4/11: Atlanta’s Ionic Security, a cybersecurity startup that protects data and intellectual property with cloud services, and Phoenix, Ari.-based Kudelski Security, a cybersecurity division within the Kudelski Group, announced an expanded partnership. The companies will share intellectual property to launch new products and expand client access. The expanded partnership is an extension of an existing relationship between the firms, which has resulted in multiple joint initiatives in the past year.
4/9: Uber has acquired Jump Bikes, an electric dockless bike-sharing company that operates via third-parties, such as cities, campuses and corporations, in more than 40 markets, including Atlanta. Jump Bikes most recently raised $10 million in Series A funding with investors Menlo Ventures, SOSV and Esther Dyson.
4/6: MainStreet Technologies, an Atlanta-based software company specialized in loan risk management, has been acquired by anti-money laundering software firm Banker’s Toolbox, backed by Accel-KKR.
4/4: Kian Capital recapitalized the Atlanta-based automotive lighting maker The Retrofit Source, however details of the deal were not announced.
4/4: Johns Creek, Ga.-based Bomgar, a provider of secure access solutions, is switching owners. Francisco Partners has agreed to buy the firm from Thoma Bravo. Financial terms were not disclosed.
4/3: SalesLoft, a marketing automation software firm in Atlanta, has raised $50 million in a Series C funding round led by Insight Venture Partners. In addition to the VC funding, LinkedIn joined in on the round, along with existing investor Emergence Capital. SalesLoft currently employs more than 220 people and announced plans to add more than 200 employees with the recent investments.
4/2: Atlanta blockchain payments provider, BitPay, announced it has closed a $40 million extended Series B funding round and plans to nearly double the company’s employees at home and in Asia. Menlo Ventures, Capital Nine, G Squared, Nimble Ventures and Delta-v Capital joined BitPay’s initial round investor Aquiline Capital Partners. BitPay said it extended the funding round “due to increased investor demand,” and the recent funding has raised the startup’s total venture capital funding to more than $70 million.
(Deals are curated from SEC filings, Axios’ Pro Rata newsletter, Fortune’s Term Sheet newsletter, and our own reporting. Featured Pic via Getty Images)
