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New Deal


Announced

Completed

Addition led a $110m funding round in Primer.

Financials

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Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Venture Capital

Minority

Software

Private

Domestic

language processing

United States

Completed

Acquisition

Private Equity

Friendly

Synopsis

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Addition, a venture capital firm, led a $110m funding round in Primer, a provider of a natural language processing platform. The round was joined by In-Q-Tel and Central Intelligence Agency’s venture capital firm. The funding will be used to expand Primer’s engineering team and grow the market. It plans to expand its languages to include Spanish, and will target the financial and pharmaceutical industries.

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