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Accel-KKR led a $47m Series C funding round in Submittable.

Financials

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Transaction Value£38m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

United States

social impact program

Completed

Friendly

Minority

Software

Private

Domestic

Acquisition

Synopsis

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Accel-KKR, a technology-focused investment firm, led a $47m Series C funding round in Submittable, a social impact platform, with participation from Next Coast Ventures, True Ventures, Next Frontier Capital, StepStone Group and Flywheel Ventures. “Our collective experiences of the past few years have dramatically increased the focus on and scale of giving and impact initiatives, accelerating an already large and growing market. Submittable provides top-rated technology that enables organizations to be both highly efficient and effective in their social impact work, and is powered by a mission-driven company culture passionate about making a difference in the world. The combination is powerful, and we are excited to back the company’s vision to lead in its industry,” Joe Porten, Accel-KKR Managing Director.

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