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New Deal


Announced

Completed

Initialized Capital and Andreessen Horowitz led a $25 Series A round in Trunk.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Friendly

Venture Capital

Single Bidder

software

Completed

Software

United States

Private Equity

developer tools

Domestic

Minority

Private

information technology

Acquisition

Synopsis

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Initialized Capital, an early stage venture capital firm, and Andreessen Horowitz, a global investment firm, led a $25 Series A round in Trunk, a platform that helps developers fix their code earlier in their workflow, with participation from Haystack Ventures, Garage VC and Tom Warner. “We started Trunk because DevEx, developer experience, is an industry-wide mess. The workflows of coding, testing, and merging code is a fragmented landscape that has created tremendous developer inefficiencies. The feedback from our early users and founding customers has only reinforced the need to bring a unified DevEx platform to market,” Eli Schleifer, Trunk Co-Founder and Co-CEO.

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