Vitruvian Partners and Lead Edge Capital Make Majority Growth Investment in Azul Systems
March 4, 2020
London-based Vitruvian Partners, together with New York-based Lead Edge Capital, has agreed to make a majority growth equity investment in Sunnyvale-based Azul Systems. Azul's existing management will remain in place, shareholders are expected to receive approximately $340 million in consideration, and the investment will support product development, team scaling and potential strategic acquisitions to accelerate growth.
- Buyers
- Vitruvian Partners, Lead Edge Capital
- Targets
- Azul Systems
- Sellers
- Azul shareholders
- Industry
- Software
- Location
- California, United States
- Transaction Type
- Growth capital
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