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New Deal


Announced

Completed

Spectrum Equity led a $163m funding round in Zenwork.

Financials

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Transaction Value£123m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Software

Private Equity

United States

Venture Capital

Completed

Acquisition

Private

Minority

tax compliance and regulatory

Friendly

Single Bidder

Synopsis

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Spectrum Equity, a growth equity firm, led a $163m funding round in Zenwork, a provider of digital tax compliance and regulatory reporting software. "We are thrilled to partner with Spectrum Equity, whose experience scaling RegTech software and data businesses will help us navigate this next growth chapter. Zenwork will be investing heavily in our Tax1099 and Compliancely platforms as we look to be the digital tax compliance partner of choice to all businesses," Sanjeev Singh, Zenwork Co-Founder and CEO.

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