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New Deal


Announced

Completed

Fifth Wall, Emergence Capital and GGV led a $39m Series B funding round in Convex.

Financials

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Transaction Value£29m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Single Bidder

Software

Venture Capital

Private Equity

Acquisition

Completed

software platform

Private

Cross Border

United States

Minority

Synopsis

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Fifth Wall, Emergence Capital and GGV led a $39m Series B funding round in Convex, with participation from UP2398, 1984 Ventures, Soma Capital and Scott Berg and David Yarnold, former ServiceMax CEOs. “As the economy comes back to life in 2021, commercial services companies are squarely focused on growing market share in two ways: expanding existing relationships with new offerings and acquiring new customers along existing service routes. By creating purpose-built, map-based applications, we provide our users with a competitive advantage to drive profitable growth during this unique turning point for the industry. Rather than ‘disrupt’ the market, we’re focused on partnering with our customers — large and small — to help them accelerate their transition to digital-first workflows with a clear ROI,” Charlie Warren, Convex CEO and Co-Founder.

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