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New Deal


Announced

Completed

Prosperity7 Ventures led a $50m funding round in Arrcus.

Financials

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Transaction Value£41m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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networking software

Software

United States

Acquisition

Minority

Domestic

Private

Private Equity

Venture Capital

Completed

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Synopsis

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Prosperity7 Ventures, a venture capital firm, led a $50m funding round in Arrcus, a hyperscale networking software company, with participation from Clear Ventures, General Catalyst, Liberty Global and Lightspeed. “Modern networks that can flexibly leverage private infrastructure as well as public clouds and 5G will be key to unlocking the fourth industrial revolution and driving the next wave of digital transformation in critical industries that power the world. We believe Arrcus is a disruptive leader in next generation network infrastructure that is software defined, flexible, programmable and efficient; and we are excited to support the company and its distinguished team,” Aysar Tayeb, Prosperity7 Executive Managing Director.

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