Sapphire Ventures

Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation

Retrieved on:

Giovedì, Maggio 2, 2024

TEL, Investment, ARR, Sapphire Ventures, Macquarie Group, Partnership, Senior advisor, Growth, Data science, Fund, Behavior, Bain Capital, Partner, Fraud, Management

NEW YORK and TEL AVIV, Israel, May 2, 2024 /PRNewswire/ -- BioCatch (the "Company"), the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, today announced that Permira Growth Opportunities II (the "Fund"), a fund advised by global private equity firm Permira, has agreed to acquire a majority position in the Company. Alongside the Fund's investment, existing shareholders Sapphire Ventures and Macquarie Capital will also increase their investments in BioCatch. The transaction is expected to accelerate the Company's global expansion, advance its innovative product roadmap and support its continued overall growth.

Key Points:

Alongside the Fund's investment, existing shareholders Sapphire Ventures and Macquarie Capital will also increase their investments in BioCatch.
Under the terms of the agreement, the Fund will acquire a majority stake in BioCatch, buying out shares primarily from Bain Capital Tech Opportunities and Maverick Ventures, in a secondary transaction valuing the Company at a total enterprise valuation of $1.3bn.
Gadi Mazor, CEO of BioCatch, added: "After building a strong partnership with Permira over the last year, we are delighted to welcome them as majority shareholders.
After a successful first year, we are delighted to take a majority stake in the business as it continues to grow at scale.

Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation

Retrieved on:

Giovedì, Maggio 2, 2024

TEL, Investment, ARR, Sapphire Ventures, Macquarie Group, Partnership, Senior advisor, Growth, Data science, Fund, Behavior, Bain Capital, Partner, Fraud, Management

NEW YORK and TEL AVIV, Israel, May 2, 2024 /PRNewswire/ -- BioCatch (the "Company"), the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence, today announced that Permira Growth Opportunities II (the "Fund"), a fund advised by global private equity firm Permira, has agreed to acquire a majority position in the Company. Alongside the Fund's investment, existing shareholders Sapphire Ventures and Macquarie Capital will also increase their investments in BioCatch. The transaction is expected to accelerate the Company's global expansion, advance its innovative product roadmap and support its continued overall growth.

Key Points:

Alongside the Fund's investment, existing shareholders Sapphire Ventures and Macquarie Capital will also increase their investments in BioCatch.
Under the terms of the agreement, the Fund will acquire a majority stake in BioCatch, buying out shares primarily from Bain Capital Tech Opportunities and Maverick Ventures, in a secondary transaction valuing the Company at a total enterprise valuation of $1.3bn.
Gadi Mazor, CEO of BioCatch, added: "After building a strong partnership with Permira over the last year, we are delighted to welcome them as majority shareholders.
After a successful first year, we are delighted to take a majority stake in the business as it continues to grow at scale.

FloQast Secures $100 Million in Series E Funding, Achieving $1.6 Billion Valuation

Retrieved on:

Mercoledì, Aprile 10, 2024

With this latest investment, FloQast achieves a post-money valuation of $1.6 billion, underscoring its position as a leader in the accounting and finance technology sector.

Key Points:

With this latest investment, FloQast achieves a post-money valuation of $1.6 billion, underscoring its position as a leader in the accounting and finance technology sector.
"Today’s accounting and finance teams have the opportunity to emerge as drivers of growth and strategic change within their organizations,” said Mike Whitmire, CPA*, CEO and co-founder of FloQast.
Logo Growth: FloQast now powers more than 2,600 accounting teams, including Twilio, Los Angeles Lakers, Zoom, and Snowflake, among other notable organizations.
Creative Brand Strategy: FloQast unveiled an all-new brand strategy , reflecting the company's commitment to innovation and modernization in the accounting industry.

Sam Wilkins Joins Riviera Partners as Partner in Tech-Focused Search Firm’s Venture Capital-Backed Practice

Retrieved on:

Giovedì, Febbraio 29, 2024

Private equity, Box, OpenTable, Apollo Global Management, Y Combinator, Uber, Dropbox, Venture capital, Accel, NEA, Insight Partners, Sequoia, Sapphire Ventures, Partner (business rank), Zendesk, DNA

San Francisco, CA , Feb. 29, 2024 (GLOBE NEWSWIRE) -- Riviera Partners , the leading global executive search firm specializing in executive leadership placements in technology, product, and design talent, has welcomed Sam Wilkins as its newest Partner, joining the firm’s Venture Capital-backed practice led by Managing Partner Eoin O'Toole .

Key Points:

San Francisco, CA , Feb. 29, 2024 (GLOBE NEWSWIRE) -- Riviera Partners , the leading global executive search firm specializing in executive leadership placements in technology, product, and design talent, has welcomed Sam Wilkins as its newest Partner, joining the firm’s Venture Capital-backed practice led by Managing Partner Eoin O'Toole .
Throughout his tenure, he cultivated relationships in the US by working with a diverse array of Venture Capital, Private Equity, and Publicly backed technology companies.
“We are delighted to welcome Sam to the team,” said Eoin O’Toole, Managing Partner at Riviera Partners.
“In addition to being an incredible search professional, Sam embodies the entrepreneurial DNA shared by the founders with whom we work.

Defense Unicorns Raises $35 Million Series A to Advance National Security through Open Source Software

Retrieved on:

Giovedì, Marzo 7, 2024

Defense Unicorns , a software startup providing open source software and AI capabilities for National Security systems, today announced it has raised a $35 million Series A funding round led by Sapphire Ventures and Ansa Capital .

Key Points:

Defense Unicorns , a software startup providing open source software and AI capabilities for National Security systems, today announced it has raised a $35 million Series A funding round led by Sapphire Ventures and Ansa Capital .
Leveraging Defense Unicorns’ solutions, national security systems can quickly adopt modern technologies wherever the mission happens, whether in space, undersea or elsewhere.
Powered by these projects, Defense Unicorns currently offers three core capabilities as a service: Your App Your Environment (YAYE), Software Factory and AI for National Security .
Defense Unicorns has over 125 employees and is currently hiring for a number of roles, including product managers, data scientists, platform engineers, software engineers and more.

2023: A Remarkable Year of Achievements and Milestones for Huntress

Retrieved on:

Mercoledì, Gennaio 3, 2024

SMS, Computer security, ANZ, Rise, Microsoft, SMB, GDPR, MDR, Comcast, CCPA, Learning, Sapphire Ventures, Glass, Research, Acquisition, Woman, Environment, Paper, MOVEit, ARR, SAT, Luigi, Fortification, CISO, Travel, SOC, MSP, Risk management

The momentum propelling us forward makes me even more confident in our future,” said Kyle Hanslovan, CEO at Huntress.

Key Points:

The momentum propelling us forward makes me even more confident in our future,” said Kyle Hanslovan, CEO at Huntress.
"We have been using Huntress EDR for several years and have significantly expanded our use of the product in 2023.
Huntress is a key partner in protecting our customers from emerging cybersecurity threats,” said Elliot Hyman, CEO, Lyra Technology Group.
Unstoppable in 2023, Huntress shattered glass ceilings and is excited to continue empowering the 99% and the service providers that secure them in 2024.

KeyBanc Capital Markets and Sapphire Ventures Private SaaS Company Survey Reveals Pivot to Efficient Growth and Profitability

Retrieved on:

Lunedì, Dicembre 18, 2023

Marketing, Private, Partnership, Fintech, Sapphire Ventures, KeyBank, Software, Acquisition, Software as a service, GTM, KBCM, SAN, NTM, CAC, Artificial intelligence, Optimism, Growth, Rule, Food delivery

SAN FRANCISCO and MENLO PARK, Calif., Dec. 18, 2023 /PRNewswire/ -- KeyBanc Capital Markets (KBCM), the corporate and investment banking unit of KeyCorp in partnership with Sapphire Ventures, a global software venture capital firm backing companies of consequence, released results from KBCM's Technology Group's 14th annual Private SaaS Company Survey, the benchmarking report by which the SaaS industry measures financial and operating performance.

Key Points:

This year's survey revealed trends of decelerated growth and a transition towards profitability in 2023, a resounding theme throughout the report's findings.
"Sapphire Ventures is pleased to partner with KeyBanc Capital Markets on this invaluable report and reference point for the start-up SaaS industry.
The KBCM and Sapphire Ventures Private SaaS Company Survey provides credible operational and financial benchmarking data for executives and investors in SaaS companies of all sizes.
To view the full survey results, methodology and to see a deeper analysis of the findings, visit us at http://www.key.com/saassurvey .

YugabyteDB Managed Introduces Product Labs Experience for Immersive Distributed SQL Learning

Retrieved on:

Giovedì, Novembre 16, 2023

Yugabyte, the modern transactional database company, today announced the release of YugabyteDB Managed Product Labs, a new quick-start, in-product learning experience to shorten time to productivity with the database.

Key Points:

Yugabyte, the modern transactional database company, today announced the release of YugabyteDB Managed Product Labs, a new quick-start, in-product learning experience to shorten time to productivity with the database.
With the new YugabyteDB Managed Product Labs, developers can quickly familiarize themselves with the rich capabilities of the database by exploring key features of YugabyteDB through real-world applications running on live YugabyteDB clusters.
Product Labs continues Yugabyte’s ongoing investment in learning and enablement of distributed transactional databases.
The first YugabyteDB Managed Product Labs experience focuses on helping users minimize application latency for global applications.

BioCatch Surpasses $100m USD ARR

Retrieved on:

Lunedì, Novembre 20, 2023

Fraud, Behavior, EBITDA, Sapphire Ventures, Telecommunications, Crime, ARR, Partnership, Growth, Centaur, TEL, Cryptocurrency

TEL AVIV, Israel and NEW YORK, Nov. 20, 2023 /PRNewswire/ -- BioCatch, the global leader in digital fraud and money laundering detection and response powered by behavioral biometric intelligence, today announced that it has reached Centaur status, surpassing $100m in annual recurring revenue.

Key Points:

The milestone achievement is fueled by the rapid adoption of BioCatch Connect™, the Company's flagship product portfolio.
Overall, BioCatch grew ARR 51% as of September 30, 2023 compared to September 30, 2022.
In 2023, BioCatch has achieved additional significant operational milestones including:
Achieving year-to-date cash flow and EBITDA profitability while projecting profitability across both these metrics for fiscal 2024.
A significant reason for BioCatch's ARR growth and market expansion is the value and return on investment the BioCatch ConnectÔ portfolio of products delivers to its customers.

BioCatch Surpasses $100m USD ARR

Retrieved on:

Lunedì, Novembre 20, 2023

Fraud, Behavior, EBITDA, Sapphire Ventures, Telecommunications, Crime, ARR, Partnership, Growth, Centaur, TEL, Cryptocurrency

TEL AVIV, Israel and NEW YORK, Nov. 20, 2023 /PRNewswire/ -- BioCatch, the global leader in digital fraud and money laundering detection and response powered by behavioral biometric intelligence, today announced that it has reached Centaur status, surpassing $100m in annual recurring revenue.

Key Points:

The milestone achievement is fueled by the rapid adoption of BioCatch Connect™, the Company's flagship product portfolio.
Overall, BioCatch grew ARR 51% as of September 30, 2023 compared to September 30, 2022.
In 2023, BioCatch has achieved additional significant operational milestones including:
Achieving year-to-date cash flow and EBITDA profitability while projecting profitability across both these metrics for fiscal 2024.
A significant reason for BioCatch's ARR growth and market expansion is the value and return on investment the BioCatch ConnectÔ portfolio of products delivers to its customers.