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New Deal


Announced

Completed

BlackRock led a $207m Series C round in Unqork.

Financials

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Transaction Value£159m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Cross Border

Friendly

Venture Capital

United States

Minority

Completed

Private

enterprise no-code platform

Acquisition

Private Equity

Single Bidder

SaaS platform

Synopsis

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BlackRock led a $207m Series C round in Unqork, an enterprise no-code platform, with participation from Eldridge, Fin Venture Capital, Hewlett Packard Enterprise, Schonfeld Strategic Advisors Advent International, CapitalG, Goldman Sachs, Broadridge Financial Solutions, Aquiline Technology Growth and World Innovation Lab. "At Unqork, we pride ourselves in fearlessly taking on huge challenges with our customers. That's an important characteristic to have when your mission is to completely change the way enterprises create software by offering a better way without code. The same scale that cloud computing brought to infrastructure, Unqork is now bringing to all enterprise software in every industry. That places Unqork in a unique position to capture the $500bn wasted annually on custom enterprise code and this funding will accelerate our efforts," Gary Hoberman, Unqork CEO.

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