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New Deal


Announced

Completed

Tiger Global Management led a $120m Series C funding round in Nylas.

Financials

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Transaction Value£85m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Private Equity

Cross Border

computer software

United States

API platfom

Friendly

Software

Single Bidder

Venture Capital

Minority

Completed

Synopsis

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Tiger Global Management, an investment firm, led a $120m Series C funding round in Nylas, a provider of productivity infrastructure solutions for modern software. Additional investors included Slack Fund, 8VC, Round13, Scale Asia, Owl Rock and Blue Cloud. "The fundamental shift towards digital communications and connectivity has companies across all industries increasingly leaning on developers to solve critical business challenges and build engaging product experiences. APIs have become core to modern software development and digital transformation. Through our suite of powerful APIs, we give developers the tools needed to meet customer and market needs faster, create competitive differentiation through powerful and customized customer experiences, and generate huge operational savings through more productive, secure, and intelligently-automated development cycles. We're thrilled to advance our mission to make the world more productive and are honored to have the backing of distinguished world-class investors and entrepreneurs," Gleb Polyakov, Nylas Co-Founder and CEO.

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