.
MergerLinks Header Logo

Announced

Completed

Spark Capital led a $130m Series C round in Ada.

Financials

Edit Data
Transaction Value£93m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

intelligent system solutions

Friendly

Canada

Cross Border

Minority

Single Bidder

Venture Capital

artificial intelligence

Digital Services

Acquisition

Private

Private Equity

Completed

Synopsis

Edit

Private equity firm Spark Capital led a $130m Series C funding round in Ada Solutions, a provider of automated customer experience services. Additional investors include Tiger Global Management, Accel, Bessemer, FirstMark, Version One, and Burst Capital. With the funding, Ada will grow headcount considerably to support global expansion from a go-to-market perspective and continued innovation in R&D. “This investment comes on the heels of a record year of growth and the biggest product launch in Ada company history. We will use this new round of funding to accelerate our automation’s impact across every stage of the customer journey, and more than double our team size to 500+,” Mike Murchison, Ada CEO and Co-Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US