Cloud & SaaS Growth Capital Investments in 2023

Acquisition Volume in Cloud & SaaS Growth Capital Investments in 2023 by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Cloud & SaaS Growth Capital Investments in 2023. 121 2022 82 2023 83 2024 82 2025 ~54 est. 14 2026
Actual Full-year estimate
  • Buyer
    Aquiline Capital Partners LP
    Target
    LeaseCrunch LLC
    Industry
    Cloud & SaaS

    Aquiline Capital Partners has made a growth investment in LeaseCrunch LLC, a lease accounting and lease management SaaS provider for CPA firms. The capital will be used to scale LeaseCrunch’s product capabilities, pursue M&A opportunities, and support continued growth; the deal closed in Q4 2023 with Marks Baughan as exclusive sell-side advisor.

  • Buyer
    Bluestone Equity Partners
    Target
    VideoVerse
    Industry
    Cloud & SaaS

    Bluestone Equity Partners has made a growth investment in VideoVerse, the developer of Magnifi, an AI-powered SaaS video editing and highlights platform. The funding will support VideoVerse's global expansion and continued product innovation to serve sports leagues, broadcasters and streaming platforms.

  • Buyer
    Macquarie Capital Principal Finance
    Target
    Viatel Technology Group Limited
    Industry
    Cloud & SaaS
    Location
    Ireland

    Macquarie Capital Principal Finance is making a strategic investment in Viatel Technology Group to support the company's organic growth and acquisition-driven expansion. Macquarie will join existing shareholders Chirisa, Quay Ventures and management, with Nick Patrick (Macquarie) joining Viatel's board; the transaction is subject to regulatory approvals and expected to close in early 2024.

  • Buyer
    Thoma Bravo
    Target
    BlueMatrix
    Industry
    Cloud & SaaS

    Thoma Bravo has completed a strategic growth investment in BlueMatrix, a cloud-based content creation and distribution platform for investment research providers. The investment (debt financing provided by Golub Capital) will support BlueMatrix’s global growth and continued product innovation while founder and CEO Patricia Horotan remains in her leadership role with a significant ownership stake.

  • Buyer
    Thoma Bravo
    Target
    Hypergene
    Seller
    Monterro, Other minority shareholders
    Industry
    Cloud & SaaS
    Location
    Skåne County, Sweden

    Thoma Bravo has completed a majority growth investment in Hypergene, a Malmö-based SaaS provider of corporate performance management and project & portfolio management software. The investment will support Hypergene's product development and European expansion; Monterro and other minority shareholders sold their stakes with Hypergene management remaining as shareholders.

  • Buyer
    Hg, Spectrum Equity
    Target
    CINC Systems
    Industry
    Cloud & SaaS

    CINC Systems, a Duluth, Georgia–based provider of cloud-based accounting, banking integration and payments software for the community association management industry, has secured a strategic growth investment from Hg. The investment will see Hg join CINC's founder, management team and existing investor Spectrum Equity to accelerate product innovation, go-to-market expansion and continued growth following strong 2023 performance.

  • December 13, 2023
    Buyer
    Accel-KKR
    Target
    Ntracts
    Industry
    Cloud & SaaS

    Accel-KKR, a technology-focused private equity firm, made a significant capital investment in Ntracts to support product innovation and accelerate go-to-market growth for the healthcare contract lifecycle management provider. The partnership will fund Ntracts' market expansion and product development; Brentwood Capital Advisors acted as exclusive financial advisor to Ntracts.

  • Buyer
    MPK Equity Partners
    Target
    NewlyNamed
    Industry
    Cloud & SaaS

    MPK Equity Partners has made a strategic growth investment in NewlyNamed, a Minneapolis-based tech-enabled platform that streamlines the legal name-change process for individuals. The partnership will provide capital and strategic support to accelerate NewlyNamed's growth and expand its consumer-facing service offerings across the United States.

  • Buyer
    Sixth Street Growth
    Target
    Stayntouch
    Industry
    Cloud & SaaS

    Stayntouch, a cloud-native hotel property management system provider, raised $48 million in a strategic growth equity round led by Sixth Street Growth to accelerate product development, expand payments capabilities, and grow customer acquisition. As part of the investment, Sixth Street Growth partner Michael Bauer will join Stayntouch's board; Stayntouch was acquired by MCR in 2020 and will use the capital to expand its PMS and payments offerings globally.

  • Buyer
    TA Associates, Centerbridge Partners, Bridgeport Partners
    Target
    Computer Services, Inc. (CSI)
    Industry
    Cloud & SaaS

    TA Associates has made a strategic investment in Computer Services, Inc. (CSI), joining existing investors Centerbridge Partners and Bridgeport Partners to support CSI’s growth and product expansion. The transaction closed in December 2023 and will help CSI advance its multi-tenant cloud banking platform and expand capabilities for community and regional banks; financial terms were not disclosed.

  • Buyer
    PSG Equity (PSG), InfraVia Capital Partners (InfraVia)
    Target
    One Click LCA
    Industry
    Cloud & SaaS
    Location
    Finland

    One Click LCA, a Helsinki-based life-cycle assessment and sustainability software platform for construction and manufacturing, received a €40 million strategic growth investment from growth equity firm PSG and private equity firm InfraVia. The capital will fund R&D, accelerate enterprise product delivery, support global expansion, and enable M&A to scale the platform's capabilities across carbon, biodiversity and circularity solutions.

  • Buyer
    PSG Equity
    Target
    Sport Alliance
    Industry
    Cloud & SaaS
    Location
    Hamburg, Germany

    PSG Equity has committed an additional $100 million of growth capital to Sport Alliance, the Hamburg-based provider of cloud-based ERP and membership-management software for gyms and fitness studios. The follow-on investment builds on PSG's initial $65 million 2021 investment and will support Sport Alliance's international expansion and continued product and commercial growth; Sport Alliance now serves over 8,000 facilities, supports 5.2 million members and has roughly 350 employees.

  • Buyer
    Apax Digital Funds, Frontier Growth, PeakSpan Capital, Petvisor management team
    Target
    Petvisor
    Industry
    Cloud & SaaS

    Apax Digital Funds led a strategic growth investment of more than $100 million into Petvisor, with participation from existing investors Frontier Growth, PeakSpan Capital, and Petvisor’s management team. The funding will accelerate Petvisor’s R&D, product enhancements, and support strategic acquisitions to expand its veterinary and pet services software platform.

  • Buyer
    Boathouse Capital
    Target
    Ontraport
    Industry
    Cloud & SaaS

    Boathouse Capital has completed a growth investment in Ontraport, a Santa Barbara–based CRM and marketing automation SaaS provider. The partnership with Ontraport co-founder and CEO Landon Ray will provide capital to expand the company’s sales and product development efforts.

  • Buyer
    McCarthy Capital
    Target
    Navigate Wellbeing Solutions
    Industry
    Cloud & SaaS

    Navigate Wellbeing Solutions, an employee wellbeing technology company based in West Des Moines, partnered with McCarthy Capital in a growth investment to accelerate product development, team expansion, and strategic acquisitions. The partnership provides capital and operational support to expand Navigate's reach—the company reports nearly two million subscribed users.

  • Buyer
    Frontier Growth
    Target
    commonsku
    Industry
    Cloud & SaaS
    Location
    Ontario, Canada

    Frontier Growth has made a growth investment in commonsku, a Toronto-based SaaS business management platform serving the promotional products industry. The investment will support product development and industry expansion as commonsku continues to scale its vertical SaaS offering.

  • Buyer
    Mainsail Partners
    Target
    LinenMaster, LLC
    Industry
    Cloud & SaaS

    Mainsail Partners has made a growth equity investment in LinenMaster, a cloud-based software provider for commercial laundries, to accelerate product development, expand client services, and grow the leadership team. As part of the announcement LinenMaster named Matt Amoia as CEO and noted recent activity including the acquisition of Infinite Laundry and a series of hires funded by Mainsail's investment.

  • Buyer
    Funds advised by Apax Partners LLP, Aquiline Technology Growth (Aquiline Capital Partners LP)
    Target
    GAN Integrity
    Industry
    Cloud & SaaS

    Funds advised by Apax Partners LLP led a significant growth investment in GAN Integrity, with participation from existing investor Aquiline Technology Growth (Aquiline). The capital will be used to accelerate product development and support GAN Integrity's global growth of its cloud-based ethics, risk and compliance (GRC) platform.

  • Buyer
    Blue Star Innovation Partners
    Target
    OfficeRnD
    Industry
    Cloud & SaaS

    Blue Star Innovation Partners (BSIP) has made a strategic growth investment in OfficeRnD, a provider of coworking and hybrid work SaaS. The capital and BSIP's operational, software and integrated-payments expertise will be used to accelerate OfficeRnD's product offering and expand its reach—including into North America.

  • Buyer
    Perwyn
    Target
    iamproperty
    Seller
    LDC
    Industry
    Cloud & SaaS
    Location
    Tyne and Wear, United Kingdom

    Perwyn has acquired LDC's stake in Newcastle-headquartered iamproperty, with co-founders Ben Ridgway and Jamie Cooke and the management team retaining a majority shareholding. iamproperty, a provider of SaaS technology solutions to UK estate agents (including the 'movebutler' conveyancing/onboarding platform), has grown rapidly under LDC's minority investment since 2019 — now employing over 530 people and expecting c. £76m revenue for the year ending October 2023.

  • Buyer
    Hull Street Energy
    Target
    Upstream Tech
    Industry
    Cloud & SaaS

    Hull Street Energy (HSE) has made a strategic growth investment in Upstream Tech to support the company's HydroForecast and Lens platforms for water forecasting and remote monitoring. The partnership will provide capital and sector expertise to help Upstream Tech expand its team, scale product development, and accelerate deployment in energy, water management, and environmental markets.

  • Buyer
    Accel-KKR, LLR Partners
    Target
    Appspace
    Industry
    Cloud & SaaS

    Accel-KKR has made a strategic growth investment in Appspace, joining existing investor LLR Partners to accelerate product innovation for the workplace experience platform. The capital will fund AI enhancements, IoT integrations, and deeper partner integrations as Appspace expands its SaaS platform used by more than 160 Fortune 500 companies and over 10 million employees.

  • Buyer
    Bellini Capital
    Target
    Compliance Risk (rebranding to Compliance Scorecard)
    Industry
    Cloud & SaaS

    Bellini Capital has made a $3.5 million growth investment in Compliance Risk, a Governance-as-a-Service provider for managed service providers (MSPs), which will rebrand to Compliance Scorecard. The capital will be used to expand the product roadmap with additional risk-management and governance modules to help MSPs offer compliance and basic security operations services.

  • Buyer
    Primus Capital
    Target
    Prendio, BioProcure
    Industry
    Cloud & SaaS

    Primus Capital has made a growth equity investment in Prendio and sister company BioProcure to support organic growth, expansion into additional life-sciences markets, and continued product and service innovation. The investment will back Prendio's cloud-based eProcurement SaaS and BioProcure's procure-to-pay support services for biotech customers; Aeris Partners served as exclusive financial advisor to the sellers and law firms Latham & Watkins and Goodwin Proctor served as legal advisors.

  • Buyer
    Frontier Growth
    Target
    Accredible
    Industry
    Cloud & SaaS

    Frontier Growth has made a growth equity investment in Accredible, a Mountain View, California–based digital credentialing platform. The capital will support Accredible’s product innovation and growth initiatives to expand its credential offerings and customer experience.

  • Buyer
    TA Associates, OceanSound Partners
    Target
    Kinective
    Industry
    Cloud & SaaS

    TA Associates has made a strategic investment in Kinective alongside existing investor OceanSound Partners, with TA and OceanSound becoming equal partners. The capital will be used to accelerate product innovation, bolster sales and support resources, and support future add-on acquisitions as Kinective scales its banking connectivity, workflow, and analytics platform.

  • Buyer
    Tritium Partners
    Target
    VanillaSoft
    Industry
    Cloud & SaaS

    VanillaSoft announced a significant growth investment from private equity firm Tritium Partners to accelerate product innovation and market expansion. The capital will advance VanillaSoft's AI-enabled prospect nurturing and intelligent lead routing features and support expansion plans, with Louis Summe joining as Executive Chairman.

  • Buyer
    Riverwood Capital, Toba Capital
    Target
    Hyperproof
    Industry
    Cloud & SaaS

    Hyperproof, a Bellevue-based SaaS risk and compliance management platform, closed a $40 million growth investment led by Riverwood Capital with participation from existing investor Toba Capital. The funding will be used to expand Hyperproof's enterprise-grade offerings, accelerate product development (including AI-driven automation) and scale the company's go-to-market for mid-market and large enterprise customers.

  • Buyer
    WestView Capital Partners
    Target
    Hubstaff
    Industry
    Cloud & SaaS

    WestView Capital Partners, a Boston-based growth private equity firm, made a growth equity investment in Hubstaff, a workforce management SaaS platform. The capital will support Hubstaff’s product and go-to-market expansion as it scales workforce analytics, time tracking, and employee experience capabilities.

  • Buyer
    Blue Star Innovation Partners
    Target
    PlayMetrics
    Industry
    Cloud & SaaS

    Blue Star Innovation Partners, a growth-focused investment firm backed by Jerry Jones, has taken a significant ownership position in PlayMetrics, a Morrisville, North Carolina-based provider of operations management software for youth sports organizations. The capital and BSIP's software and payments expertise will accelerate product development, improve customer service, and support expansion into additional youth sports end markets like leagues, tournaments, and governing bodies.

  • Buyer
    Abu Dhabi Investment Authority (ADIA), CapitalG
    Target
    TeamSystem
    Industry
    Cloud & SaaS
    Location
    Lombardy, Italy

    A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and CapitalG, Alphabet’s growth fund, have agreed to acquire minority stakes in Italian business-software provider TeamSystem. Hellman & Friedman will remain the majority shareholder; the investments will support TeamSystem’s product expansion and international growth and are expected to close in Q1 2024 subject to customary conditions.

  • Buyer
    Accel-KKR
    Target
    Ocuco
    Industry
    Cloud & SaaS
    Location
    Dublin, Ireland

    Accel-KKR has made a €60 million growth equity investment in Ocuco to accelerate the eyecare software provider’s global expansion, support its cloud-based Acuitas 3 OmniChannel Edition, and fund strategic M&A opportunities. The backing will help Ocuco scale its omnichannel and practice/lab management offerings across its global customer base.

  • Buyer
    Atairos
    Target
    Antares Audio Technologies (Auto-Tune)
    Industry
    Cloud & SaaS

    Atairos has completed a minority growth investment in Antares Audio Technologies, the creator of the Auto-Tune vocal-processing software and Auto-Tune Unlimited SaaS suite. Financial terms were not disclosed; the capital will support Auto-Tune's continued SaaS growth, AI integration and expansion into new creator markets. Existing investors include Ulysses Management and Orkila Capital; Lazard and Robinson Bradshaw advised Antares while Davis Polk & Wardwell advised Atairos.

  • Buyer
    H.I.G. Growth Partners, H.I.G. Capital
    Target
    Worksuite
    Industry
    Cloud & SaaS

    H.I.G. Growth Partners, the growth-capital affiliate of H.I.G. Capital, has completed a strategic growth investment in Worksuite, an end-to-end freelancer operations management cloud platform. The funding will support Worksuite's product and go-to-market expansion as it scales its contingent workforce management, compliance, and payments capabilities for enterprise customers.

  • Buyer
    Extendly
    Target
    ChatHQ
    Industry
    Cloud & SaaS

    Extendly has acquired a strategic stake in ChatHQ, a sales and support SaaS known for its Engagement Widget that helps marketing agencies boost engagement and conversions. The investment deepens the companies' partnership within the HighLevel community and aims to accelerate product development and distribution to Extendly's agency customers.

  • Buyer
    Guidepost Growth Equity
    Target
    Intellum
    Industry
    Cloud & SaaS

    Guidepost Growth Equity made a $25 million minority growth equity investment in Intellum, an enterprise learning management system provider. The capital will accelerate Intellum's product development, go-to-market, and hiring initiatives to support scaled content and engagement for business education programs.

  • Buyer
    Bain Capital Tech Opportunities, Valeas Capital Partners
    Target
    Ren
    Industry
    Cloud & SaaS

    Ren, an Indianapolis-based provider of donor-advised fund enablement software and services, received a strategic growth investment led by Bain Capital Tech Opportunities and Valeas Capital Partners. The capital — Ren's first institutional funding — will be used to build new product features, rapidly scale the team, increase advisor and client awareness of donor-advised funds, and expand Ren's charity network; financial terms were not disclosed. Raymond James acted as exclusive financial advisor.

  • Buyer
    Gauge Capital
    Target
    Craftable
    Industry
    Cloud & SaaS

    Gauge Capital has made a growth equity investment in Craftable, a hospitality-focused SaaS platform, to fund product innovation and accelerate sales growth. Gauge partners Tom McKelvey, Garrett Fair, and Sam Yang joined Craftable’s board as part of the transaction; TI Partners served as financial advisor.

  • Buyer
    Keensight Capital
    Target
    e-Attestations
    Industry
    Cloud & SaaS
    Location
    Île-de-France, France

    Keensight Capital has agreed to acquire a minority stake in e-Attestations, a Paris-based Third-Party Risk Management (TPRM) SaaS platform that centralizes GRC and ESG supplier data. The investment will support product development, commercial scaling and accelerate e-Attestations' international expansion, with the founder, CEO and employees co-investing alongside Keensight.

  • Buyer
    Clearhaven Partners
    Target
    Korbyt
    Industry
    Cloud & SaaS

    Clearhaven Partners has made a significant growth investment in Korbyt to accelerate the digital signage and workplace experience SaaS provider's product innovation, reseller and technology partnerships, and customer support expansion. Financial terms were not disclosed; Virgo Capital remains a minority investor and Korbyt will continue to operate from its Dallas headquarters.

  • Buyer
    Stone-Goff Partners
    Target
    BigScoots
    Industry
    Cloud & SaaS

    Stone-Goff Partners, a growth-oriented private equity firm, has made an investment in BigScoots, a managed WordPress hosting and value-added managed hosting provider. The capital will support BigScoots' product and service development, channel partnerships, team expansion, efficiency improvements and pursuit of complementary M&A as the company scales its 9,000+ customer base.

  • Buyer
    Marlin Equity Partners
    Target
    LineLeader (by ChildcareCRM)
    Seller
    Growth Street Partners, Other existing shareholders
    Industry
    Cloud & SaaS

    Marlin Equity Partners completed a majority growth investment in LineLeader (by ChildcareCRM), a provider of SaaS enrollment, engagement and billing software for early childcare education centers. Growth Street Partners and other existing shareholders retain a minority stake; Marlin said the capital will be used to accelerate product development, expand market reach and support continued growth.

  • Buyer
    Mainsail Partners
    Target
    Red Oak Compliance Solutions
    Industry
    Cloud & SaaS

    Mainsail Partners made a $51 million growth equity investment in Red Oak Compliance Solutions to accelerate product development, enhance its software suite, and scale customer service. Red Oak is a provider of compliance and advertising review SaaS for financial services and insurance firms, serving over 1,800 firms globally.

  • Buyer
    Baird Capital (Venture Capital team)
    Target
    Parallax
    Industry
    Cloud & SaaS

    Baird Capital's venture team led a Series B funding round in Parallax, a provider of predictive forecasting and capacity-planning software for digital services. Parallax will use the capital to accelerate product innovation, expand market presence, and scale operations to meet growing demand.

  • Buyer
    Pittco Direct Investments II, LP
    Target
    ShowOps, Inc.
    Industry
    Cloud & SaaS

    Pittco Direct Investments II, the direct investing arm of Pittco Management, completed an equity investment in ShowOps, Inc., a provider of end-to-end operational and administrative tools for the live event industry. The investment is a growth equity/minority stake intended to expand ShowOps' capacity to serve the live events ecosystem.

  • Buyer
    PSG
    Target
    Hostaway
    Industry
    Cloud & SaaS
    Location
    Finland

    Hostaway, a vacation rental management software provider headquartered in Finland, raised $175 million in a growth investment led by PSG to accelerate global expansion, hire talent, and pursue organic and inorganic growth. The funding — the largest capital raise in the vacation rental platform sector to date — will support scaling of Hostaway’s SaaS platform and customer service capabilities.

  • Buyer
    PSG Equity (PSG)
    Target
    4me
    Industry
    Cloud & SaaS

    PSG Equity has made a strategic growth investment in 4me, a SaaS-based IT Service Management (ITSM) and Enterprise Service Management (ESM) vendor. The transaction accompanies the appointment of Kevin McGibben as CEO and Chairman, with 4me's co-founders remaining involved; proceeds will accelerate product innovation and support geographic expansion into EMEA and the U.S.

  • Buyer
    Bregal Sagemount
    Target
    Orange Logic
    Industry
    Cloud & SaaS

    Bregal Sagemount (Sagemount) has made a strategic growth investment in Orange Logic, a provider of the Cortex digital asset management (DAM) platform. The capital will support product development and market expansion as Orange Logic scales its DAM technology for large enterprise customers.

  • Buyer
    Apax Partners LLP (funds advised by Apax)
    Target
    IBS Software
    Seller
    Blackstone
    Industry
    Cloud & SaaS
    Location
    Kerala, India

    Funds advised by Apax Partners agreed to invest approximately $450 million to acquire a significant minority stake in IBS Software from Blackstone. The transaction will leave founder V K Mathews as majority shareholder and positions Apax as a strategic partner to help IBS accelerate growth of its cloud-native travel and logistics SaaS platform.

  • Buyer
    Serent Capital
    Target
    BS&A
    Industry
    Cloud & SaaS

    Serent Capital, a growth-focused private equity firm, has made a significant growth investment in BS&A, a US-based ERP software provider for municipalities. The capital will be used to accelerate geographic expansion and further adoption of BS&A's cloud ERP product across local governments.

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