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New Deal


Announced

Completed

Insight Partners led a $100m funding round in Unit.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For8%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Minority

Friendly

Private Equity

software company

United States

Software

Domestic

Completed

Private

Venture Capital

fintech

banking

Synopsis

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Insight Partners, a venture capital and private equity firm, led a $100m funding round in Unit, a financial-technology startup, with participation from Accel, Better Tomorrow Ventures, Flourish Ventures, Moving Capital and Stepstone. Proceeds will be used in part to hire staff and accelerate product development. Unit has plans to launch business credit cards and other products such as cash advance, early wage access and invoice factoring.

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