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New Deal


Announced

Completed

Stripes, Sapphire and Thoma Bravo led a $200m Series C funding round in Paradox.

Financials

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Transaction Value£149m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Minority

Private

Software

Venture Capital

human capital solutions

Friendly

United States

human capital software

Acquisition

Completed

Domestic

Synopsis

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Stripes, a private equity and venture capital firm, Sapphire, a venture capital firm, and Thoma Bravo led a $200m Series C funding round in Paradox, a developer of a recruitment assistant application. Additional investors include Workday Ventures, Willoughby Capital, Twilio Ventures, Blue Cloud Ventures, Geodesic, Principia Growth, DLA Piper Venture Fund and Brighton Park Capital. "When we created Paradox, we saw a future where software became invisible — driven by conversations that untether people from their desktop through an assistant who gets work done for them. That vision is now taking hold in some of the biggest companies in the world and we couldn't be prouder of that accomplishment," Aaron Matos, Paradox founder and CEO.

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