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