Startup Trends: Private Unicorns turn to acquisitions to expand competencies
During the second quarter, several private unicorns made strategic acquisitions to grow or expand their competencies.
tegus.comEnterprise Software / Data IntelligenceFounded: 2017Funding to Date: $263.58MM
Tegus, founded in 2017, is the developer of a business and market intelligence platform that provides research, technology, data, and tools to connect investment firms and corporations. The platform includes access to searchable expert call transcripts for public and private companies, built-in compliance tools, and BamSEC, aiming to help companies reduce investment risk.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
09/28/2022 | Series B-2 | $599,997.00 | $xx.xx | $3.3B | Oberndorf Enterprises, Positive Sum, Willoughby Capital | |
Price per Share
$xx.xx
Shares Outstanding
98,606
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Oberndorf Enterprises, Positive Sum, Willoughby Capital
|
||||||
09/28/2022 | Series B-1 | $253.98MM | $xx.xx | $3.3B | Oberndorf Enterprises, Positive Sum, Willoughby Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,207,682
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Oberndorf Enterprises, Positive Sum, Willoughby Capital
|
||||||
06/30/2020 | Series A-1 | $2.5MM | $xx.xx | $126.09MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
9,803,921
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
06/30/2020 | Series A-2 | $5MM | $xx.xx | $126.09MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,373,581
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
07/26/2017 | Series A | $1.5MM | $xx.xx | $4.29MM | Investment Group Of Santa Barbara | |
Price per Share
$xx.xx
Shares Outstanding
11,764,706
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Investment Group Of Santa Barbara
|
During the second quarter, several private unicorns made strategic acquisitions to grow or expand their competencies.
AlphaSense, a leading market intelligence and search platform, has announced that it’s buying Tegus, a niche provider of expert research and private company content, for $930 million.