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New Deal


Announced

Completed

TCV led a $250m Series E funding round in Devo.

Financials

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Transaction Value£181m
Consideration TypeCash
Capital Owned-
Capital Bid For17%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

data analytics

Information / Data Services

Friendly

Minority

Private

Completed

Acquisition

Private Equity

Venture Capital

Cross Border

Synopsis

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TCV, an investment firm, led a $250m Series E funding round in Devo, a developer of a data analytics platform. Other investors include General Atlantic, Eurazeo, Insight Partners, Georgian, Bessemer Venture Partners, and Kibo Ventures. “We’re thrilled to invest behind Devo’s visionary founders who have built a category-disrupting product suite, in addition to Marc van Zadelhoff who joined as CEO last year and has commercialized the company further by recruiting a seasoned team of executives. We look forward to working with existing investors Insight, Georgian, Bessemer, and Kibo Ventures, who have guided the company to its current stage, as well as new investors General Atlantic and Eurazeo," Gopi Vaddi, TCV General Partner.

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