Sumeru Equity Partners Acquires Majority Stake in SocialChorus

July 24, 2020

Sumeru Equity Partners led a $100 million investment to become the majority shareholder in SocialChorus, a workforce communications SaaS provider. Existing investors including Arrowroot Capital and Kohlberg Ventures remain significant investors (Arrowroot sold part of its stake while retaining a minority interest); the capital will be used to accelerate product investment, go-to-market expansion and continued growth.

Targets
SocialChorus, Inc.
Sellers
Arrowroot Capital Management, LLC
Industry
Cloud & SaaS
Location
California, United States
Transaction Type
Buyout

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