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New Deal


Announced

Completed

Canapi Ventures and TTV Capital led $215m series C round in Greenlight.

Financials

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Transaction Value£169m
Consideration TypeCash
Capital Owned-
Capital Bid For18%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Friendly

United States

Single Bidder

Minority

Domestic

Completed

Acquisition

Private Equity

FinTech

debit cards

Private

Synopsis

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Venture capital firms Canapi Ventures and TTV Capital led $215m Series C round in Greenlight Financial Technology, a fintech company which helps parents teach children how to save with its app and debit card products, with participation from new investors BOND, DST Global, Goodwater Capital, Fin VC and Relay Ventures. “I have four kids of my own and learned that more parents needed help doing this. Parents are so busy and personal finance is not taught in schools, so we fill this void. Our goal is for everyone to grow up financially savvy, no matter how much their parents know,” Tim Sheehan, Greenlight Co-Founder and CEO.

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