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Smith Point Capital led a $37m Series C round in Virtualitics.

Financials

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Transaction Value£29m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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artificial intelligence

United States

IT Services: Other

Acquisition

Domestic

Private

Minority

Private Equity

Venture Capital

Completed

Friendly

Single Bidder

Synopsis

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Smith Point Capital, a venture capital investment firm, led a $37m Series C round in Virtualitics, an artificial intelligence and data exploration company, with participation from Citi and The Hillman Group. “We knew we wanted a strategic relationship with our lead investor, not merely capital. Smith Point’s operational expertise in enterprise software has been – and will continue to be – invaluable as we accelerate growth and innovation. This additional funding and strategic guidance will enable Virtualitics to realize our vision to empower organizations to solve complex, mission-critical problems with artificial intelligence, data exploration and prescriptive business workflows," Michael Amori, Virtualitics CEO and Co-Founder.

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