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Coupa Software has been acquired by private equity firm Thoma Bravo in an $8 billion, or...
Flexport’s $935 million series E this week raised eyebrows for a number of reasons: The rich $8 billion post-money valuation, or $7.065 million pre-money, meant that the digital freight forwarder was ultimately priced at 2.14 times its reported $3.3 billion 2021 revenue.
The announcement provoked an incredulous reaction from transportation industry watchers, including legacy media and competing 3PLs. Just like after other big capital raises by FreightTech startups, we heard the usual...
https://www.freightwaves.com/news/commentary-in-defense-of-the-unicorns
The supply chain visibility platform Project44 has received an investment of US$420 million from a syndicate led by the private equity companies Thoma Bravo and TPG as well as the investment banking company Goldman Sachs.
The syndicate with participation from Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures has acquired equity interests, resulting in a pre-money valuation of US$2.2 billion, and Sixth Street committed to making...
https://container-news.com/project44-receives-us420-million-investment/
Chicago-based real-time visibility provider announced Monday it has raised $240 million in equity funding led by TPG, Thoma Bravo and the asset management arm of Goldman Sachs Group.
Participating investors Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures also acquired $180 million of shares from existing investors including OpenView Venture Partners, which first began investing in project44 during its Series B in 2018.
The deal...
https://www.freightwaves.com/news/after-record-breaking-q4-project44-begins-2022-with-2-4b-valuation
Stamps.com Inc. (NASDAQ:STMP) received an offer it couldn’t refuse. And it didn’t.
The El Segundo, California-based provider of e-commerce shipping and mailing software said Friday it agreed to be taken private by Thoma Bravo, a San Francisco-based private equity firm specializing in software investments, for $6.6 billion in cash, or $330 a share. The news, which broke early in the day, sent Stamps’ share price soaring as soon as the markets opened. As of 3 p.m. EDT Friday, Stamps’ shares were...
https://www.freightwaves.com/news/stampscom-agrees-to-go-private-in-66-billion-all-cash-deal