Whether you are looking to buy into Seriescoldeweytechcrunch the latest series of the goldman sachs growth 70m wiggersventurebeat, or just curious about the company itself, this post will give you a brief overview of the company and some of the key highlights from the collection B round. This post will also look at the key takeaways from the round, as well as some of the next steps to take.
Key highlights of the collection B round
Earlier this year, Keyrock, the company that owns and operates the currency exchange platform BitPay, raised a $72 million Series B funding round led by Ripple and other investors. Middlegame Ventures and Six Fintech Ventures also participated in the round. The company last raised EUR4.3 million in Series A funding in October 2020. In addition, the company also has an existing investor base, including Insight Partners and Pollinate.
White & Case represented the company in the transaction and advised on regulatory and compliance issues in connection with the US$900 million Series E funding round. White & Case also represented SoftBank Vision Fund II in a series of fintech investments, including Aquiline Capital Partners’ acquisition of VirtusLab, the financial trading division of Playtech. Lastly, the firm advised Intermediate Capital, a UK-based global alternative asset manager, on the sale of Iver Holdings to Gopher Investments fashionfactsnow.
Next steps
Founded in 2012, Slync offers end-to-end process automation for global logistics, supply chains and enterprise logistics. The company’s goal is to increase productivity and reduce operating expenses. To support its global customer base, Slync is investing in new talent and expanding in Europe and Asia. This investment is at a key turning point in the company’s history. As a result of this investment, one of the company’s investors will join the Slync board of directors.
Goldman Sachs Growth led Slync’s Series B investment, along with END Ventures and Correlation Ventures, among other investors. The Series B round is aimed at enabling Slync to support its global customer base, expand in Europe and Asia, and make new hires.
Investors
Founded in 2000, Vista Equity Partners is an American investment firm headquartered in San Francisco with offices in Oakland, New York and Austin fashionnowdays. The firm uses both public and private equity to invest in technology companies. The company is also well positioned to provide capital solutions to the world’s most innovative enterprise software companies. In fact, the firm will have $94 billion in assets under management by June 30, 2022.
Vista also offers non-dilutive FounderDirect credit offerings. The company has also a few other notable ventures in its portfolio, including Ping Identity, Misys and Marketo. Its value creation team provides hands-on advice to help grow and scale its portfolio of companies.
Conclusion
The company has a hefty bet on the software industry, with a portfolio of more than 900 employees in 180 countries around the world. In fact, Vista’s portfolio of companies serves 1.4 million small and medium sized businesses, and more than 800000 enterprise customers.
