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New Deal


Announced

Completed

Meritech Capital led a $47m Series C financing round in Flock Safety.

Financials

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Transaction Value£33m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

Private

Friendly

United States

Management Consulting

Private Equity

safety-as-a-service

Venture Capital

Majority

Completed

Synopsis

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Meritech Capital, a provider of late-stage venture capital, led a $47m Series C financing round in Flock Safety, a public safety-as-a-service company. New investors include Julia and Kevin Hartz, co-founders of Eventbrite, and Zac Bookman of OpenGov, and previous investors Initialized Capital, Axon, Bedrock Capital, Matrix Partners, Founders Fund, and Y-Combinator also participated. “Since nearly 70% of crime happens with a vehicle, machine learning and computer vision can capture objective evidence, like vehicle details, to help communities give a detective the lead needed to solve crime. We plan to use this capital to hire the smartest and most ethically-conscious people to help us achieve our mission of eliminating crime. Across engineering, sales, and customer-focused roles, the company will at least double in size next year,” Garrett Langley, Flock Safety Founder and CEO.

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