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Announced

Completed

Battery Ventures and Whale Rock Capital led a $100m Series C funding round in Flash.

Financials

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Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Private Equity

Acquisition

Minority

Friendly

Cross Border

Completed

corporate benefits

Single Bidder

Brazil

IT Services: Other

Synopsis

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Battery Ventures, a private equity company, and Whale Rock Capital, an investment company, led a $100m Series C funding round in Flash, a platform specialized in the corporate benefits, with participation from Tencent, Tiger Global, Monashees, GFC and Citius, as well as Endeavor and Scale Up Ventures. "We will create products to deal with other benefits and transactional funds of employees of the companies, such as pharmacy vouchers and others related to health, in addition to salary anticipation," Ricardo Salem, Flash Founder and President.

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