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New Deal


Announced

Completed

OMERS Private Equity led a $100m Series E round in Dialpad.

Financials

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Transaction Value£77m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Single Bidder

communications provider

Minority

Cross Border

Acquisition

Venture Capital

Telecommunications Services: Other

Private Equity

Friendly

Private

Completed

Synopsis

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OMERS Private Equity led a $100m Series E round in Dialpad, a cloud-based communications platform for businesses, with participation from GV, Andreessen Horowitz, Iconiq Capital, Section 32, Felicis and Work-Bench. "We have seen a huge increase in demand for cloud communications tools, and we are raising additional capital to meet this demand. Users want a single platform to handle voice, video and messaging. They also want that platform to be smart; to do things like automate note-taking and provide real-time insights and answers in response to what’s happening on a call or meeting. We have invested in real-time speech recognition, natural language processing and voice analytics on a system that works anywhere, on any device. Our goal has always been to empower the future of work, and we are thrilled to join the OMERS Growth Equity portfolio and to continue to innovate," Craig Walker, Dialpad CEO.

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