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Announced

Completed

Insight Partners led a $15m Series B funding round in Spacelift.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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infrastructure management

Venture Capital

Software

Domestic

Friendly

Completed

United States

Minority

Private

Private Equity

Acquisition

Synopsis

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Insight Partners, a private equity and venture capital firm, led a $15m Series B funding round in Spacelift, a management platform for infrastructure as code, with participation from Blossom Capital, Inovo Venture Partners and Hoxton Ventures. "With the growth of cloud-native development and DevOps practices, infrastructure as code is becoming the standard way to provision infrastructure, and Spacelift is addressing an acute need around infrastructure as code management, automation, and security and compliance. Spacelift enables developers and DevOps teams to more easily and effectively manage infrastructure across all platforms. In speaking with DevOps teams within the Insight portfolio, we continuously heard about this need and the strength of the Spacelift platform. Insight is thrilled to partner with Spacelift and support its ScaleUp efforts in its next phase of growth," Josh Zelman, Insight Partners Vice President.

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