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New Deal


Announced

Completed

Insight Partners led a $90m Series B round in Versatile.

Financials

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Transaction Value£65m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Completed

internet of things

United States

Digital Services

Friendly

Minority

artificial intelligence

Private Equity

construction technology

Domestic

Single Bidder

Venture Capital

Synopsis

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Insight Partners led a $90m Series B round in Versatile, a construction technology pioneer, with participation from Tiger Global. "Today’s announcement is a meaningful milestone for the construction industry, not just Versatile. It affirms our industry is innovative, forward-thinking, and worthy of the world’s leading technology investments. This funding enables us to do more for the construction professionals we proudly serve, creating opportunities for them to measure, improve and win while enhancing a culture of safety," Meirav Oren, Versatile CEO.

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