AGC Partners

Highlighted Weekly Tech Capital Markets Activity July 8th-July 12th, 2024 M&A Activity: Envestnet, Inc was acquired by Bain Capital Silo AI was acquired by AMD OpusCapita, formally backed by PSG, was acquired by GEP Worldwide EcoInteractive was acquired by mdf commerce, backed by KKR Versed AI was acquired by Exiger, backed by The Carlyle Group and Insight Partners Financing Activity: Helsing raised $487M in Series C funding led by General Catalyst Skild AI raised $300M in Series A funding co-led by Coatue and Lightspeed Hebbia raised $130M in Series B funding led by Andreessen Horowitz Hayden AI raised $90M in Series C funding led by TPG's The Rise Fund ZEMA Global Data Corporation raised a significant growth investment led by FTV Capital

We are pleased to share with you a report on the U.S. deficit by AGC's Co-Founder & CEO, Ben Howe. To request a download, please click on the link below.

Save the Date: AGC’s 20th Annual Boston Tech Growth Conference will take place on Thursday, September 19th at The Seaport Hotel. Our Boston event has grown to become our trademark conference in our event series, with 175 private tech companies and 240 global PE and strategic investors at last year’s event. Registration is now live for this year’s event – secure your spot through the registration link below or emailing bhendee@agcpartners.com. https://lnkd.in/e_paWkqH

We are excited to share with you our latest report on the state of the Office of the CFO. In a global marketplace where change is now the norm, the historically rigid Office of the CFO is shifting to a more fluid role where CFOs must become more strategic. With this, new key challenges are facing CFOs including: labor shortages, cash flow forecasting, supporting remote work, hiring, supply chain, and more. The ability of CFOs today to use software to drive efficiencies and reduce operating costs is an important key to company development. Most software offered in the broader CFO suite is disruptive and creates substantial ROI for their users, while enhancing productivity. The modern CFO needs to be completely in touch and connected with their firm, as they take on a bigger role in driving company success. Authors: Jonathan Guido & Douglas Hurst To request a download, please click on the link below.

Last week we hosted our annual Toronto Software Summit, which featured 75 software CEOs & 125 investors. The event kicked off on Wednesday with networking at our cocktail party on the rooftop at Bar Caña. The conversations continued into Thursday, with 800 one-on-one meetings between the fast growing software companies and top global buyers. This rounds out our spring event calendar with four great conferences in London, San Francisco, Nashville, and Toronto that led to many new engagements. We look forward to seeing you in Boston in September!

Justin Dawes – Since the 15th, 4 more transactions have been announced: Lighthouse / HQ revenue, TravelPerk / AmTrav, SYS Holdings LLC / ADAMAPP, and Tock / American Express just a few hours ago. We know there is at least one more very splashy deal closed pending announcement… with many more to come!

We are one week out from our Toronto Software Summit, where we are hosting 75 fast-growing companies ($5M-$150M in revenue) and 125 of the top global growth, private equity & strategic investors. Since last year’s event, 30% of our attending companies have completed a transaction. With over 1,000 1x1 meetings set and M&A volumes starting to improve, we are excited to create even more transactions out of this year’s event. See you in Toronto!

Highlighted Weekly Tech Capital Markets Activity June 3rd-June 12th, 2024 M&A Activity: PowerSchool was acquired by Bain Capital WalkMe™ was acquired by SAP Copperleaf was acquired by EQT Group-backed IFS Tabular (now part of Databricks) was acquired by Databricks SHR, backed by Serent Capital, was acquired by The Access Group, backed by Hg Financing Activity: Mistral AI raised $650M in early stage venture funding led by General Catalyst AlphaSense raised $650M in later stage venture funding led by BDT & MSD Partners and Viking Global Investors Cognigy raised $100M in Series C funding led by Eurazeo's Growth team Seven AI raised $36M in early stage venture funding led by Greylock SpyCloud raised $35M in Series B funding led by CIBC

We are pleased to share with you our latest DevOps Whitepaper, 𝘌𝘮𝘣𝘳𝘢𝘤𝘪𝘯𝘨 𝘈𝘥𝘰𝘱𝘵𝘪𝘰𝘯 𝘰𝘧 𝘕𝘦𝘹𝘵-𝘎𝘦𝘯 𝘋𝘦𝘷𝘖𝘱𝘴, which extends our domain coverage following our previously published DevOps reports. Here, we focus on new technologies and frameworks that are impacting the DevOps sector, such as Artificial Intelligence, Observability, and the increasing use of Cloud-native technologies. Authors: Robert Buxton & H. Sean Tucker To request a download, please click on the link below.

This week we welcomed our 2024 Summer Analyst Class. Since starting on Monday, each intern has met with their analyst mentor, joined a live deal, and completed training sessions with the team. Outside of the office, they spent time volunteering at The Salvation Army and enjoying social events with the AGC team. See below for some pictures from their first week. We are excited to see them grow and build out their skills with us over the next 7 weeks!