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Announced

Completed

Insight Partners led a $100m Series C funding round in Tulip Interfaces.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Completed

Acquisition

software development

Venture Capital

United States

application development platform

Minority

Private

Friendly

Private Equity

Cross Border

Synopsis

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Insight Partners, a venture capital and private equity firm, led a $100m Series C funding round in Tulip Interfaces, an operator of a manufacturing development platform intended to digitally transform factories. Other investors include Pitango Growth, TIME Ventures, DMG MORI, NEA, and Vertex Ventures. "About 1 in 5 global workers are frontline operators who are fundamentally deskless. Their work environments are highly complex with work cells, sensors, benches, conveyor belts, and back-end systems in what constitutes a physical and digital environment, and they need a platform that is just as dynamic to support all the moving pieces. Just like knowledge workers, frontline workers need access to the right tools to get the data they need to stay competitive and to future-proof their operations," Natan Linder, Tulip Co-Founder and CEO.

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