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New Deal


Announced

Completed

Stride.VC, Chalfen Ventures and the SAP.iO led a $34m Series B funding round in Insight Partners-backed SEDNA.

Financials

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Transaction Value£24m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Productivity Software

Acquisition

Venture Capital

Private Equity

Software

Minority

Friendly

Private

Cross Border

Completed

communication software

United Kingdom

Synopsis

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Stride.VC, Chalfen Ventures and the SAP.iO led a $34m Series B funding round in Insight Partners-backed SEDNA, a developer of a smart team communication software. The Series B financing enables SEDNA to develop its product, data science, and go-to market functions and work toward its goal of becoming the leading intelligent communication system where global businesses get work done with speed, context, and clarity. "Uncoordinated digitisation has made business noisier. Email is broken, chats are a mess, and getting work done is hard. SEDNA's single digital workspace makes business communication flow. Our intelligent and collaborative email stream breaks down silos so our customers work faster. We’re excited to work with Insight - a true scale partner that understands how our platform will deliver enormous value to customers in this complex world," Bill Dobie, SEDNA CEO.

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