Private Equity Round in 2022
Varagon Capital Partners is an asset manager specializing in direct lending to mid-sized companies primarily in the United States, focusing on those with EBITDA ranging from $10 million to $75 million. Founded in 2014 and headquartered in New York, with an additional office in Fort Worth, Texas, the firm offers flexible financing solutions and emphasizes building strong relationships with borrowers and private equity firms. Varagon provides investors direct access to quality middle-market loans, delivering investment, risk management, analytics, and reporting services tailored to the commercial, industrial, healthcare, and energy sectors. The experienced team at Varagon is committed to providing transparency, flexibility, and exceptional service to meet the needs of sophisticated investors.
Data.World, Inc. operates an open data platform that facilitates the discovery and understanding of data across various sectors, including finance, education, and environment. Founded in 2015 and based in Austin, Texas, the platform allows users to minimize data wrangling, ingest and export diverse formats, and share insights in context, thereby enhancing collaboration and visibility in data projects. It features a cloud-native data catalog that connects siloed data with consistent business concepts, making it accessible for all users, not just data specialists. Data.World also hosts a large collaborative data community, where participants engage in projects ranging from social bot detection to data journalism. As a Public Benefit Corporation, Data.World aims to balance its mission with shareholder interests, promoting ethical data practices and fostering an inclusive environment for experimentation and accountability.
Private Equity Round in 2022
Symplr is a provider of governance, risk, and compliance solutions specifically designed for healthcare organizations. The company offers a comprehensive suite of software products that assist facilities with workforce management, performance management, vendor and provider credentialing, patient safety, and risk management. By delivering these tools and services, Symplr aims to help healthcare providers improve operational efficiency, reduce compliance costs, and enhance the quality of patient care. Their solutions enable organizations to navigate complex regulatory environments while maintaining streamlined processes and a focus on patient safety.
Visual Comfort & Co. is a leading designer and manufacturer of decorative and functional lighting solutions for both residential and commercial markets. Established in 1982 and based in Houston, Texas, the company specializes in a wide range of lighting products, including retro, industrial, traditional, contemporary, and outdoor styles. With a commitment to high style and functionality, Visual Comfort & Co. utilizes natural materials and hand-applied finishes to create distinctive lighting fixtures and portable lighting products. The company serves various sectors, including electrical wholesale, home improvement, and home décor, offering a diverse selection of fashionable and functional designs.
QuVa Pharma will be the industry’s leading 503B platform and the partner of choice for compliance-oriented healthcare facilities looking to ensure quality, safe and consistent supply of medications.
QuVa Pharma will achieve this through its commitment to innovation, by operating from superior facilities under stringent cGMP adherence, and by attracting individuals absolutely committed to quality and who bring deep sterile injectable manufacturing expertise.
Sabre Corporation is a technology solutions provider for the global travel and tourism industry, headquartered in Southlake, Texas. Founded in 1960, it offers a wide range of services, including data-driven business intelligence, mobile solutions, and Software-as-a-Service products. Its operations are divided into three main segments: Travel Network, Airline Solutions, and Hospitality Solutions. The Travel Network segment serves as a business-to-business marketplace, providing travel content from various suppliers to travel agencies and management companies. Airline Solutions offers software technology products that enhance airlines' sales, planning, and operational capabilities. Meanwhile, Hospitality Solutions delivers tools for hoteliers, including property management and central reservation systems. Sabre’s technology processed over $100 billion in travel spending in 2013 and continues to innovate within the industry. The company maintains a presence in approximately 60 countries and partners with organizations like Google to develop advanced technology platforms.
Rabbet is the construction finance platform that parses documents and connects information for frictionless transactions. Their mission is to fuel the connected construction economy. Through intelligent automation of the construction draw process, their platform eases administrative burden while connecting everyone with accurate information faster.
BigCommerce Pty. Ltd. offers a comprehensive e-commerce platform designed to support retailers in launching, promoting, and managing online stores. The platform includes features for storefront design, product configuration, order processing, inventory management, and shipping, all accessible through a central control panel. BigCommerce also provides tools for social media marketing, email marketing, promotions, search engine optimization, and e-commerce analytics, catering to a diverse clientele ranging from startups to established brands. The company serves over 60,000 businesses globally, including more than 2,000 mid-market firms and several Fortune 1000 companies. Founded in 2003 and headquartered in Ultimo, Australia, with additional offices in Sydney, Austin, and San Francisco, BigCommerce operates as a subsidiary of Bigcommerce Inc. Its mission is to facilitate online sales growth for merchants at every stage of their business journey.
Private Equity Round in 2017
Zilliant, Inc. provides price optimization and price management software for manufacturing, distribution, high-tech, and industrial service companies. The company’s pricing software enables manufacturers and distributors to adopt an approach to price analysis, optimization, price list management, quoting, and negotiation. It offers Zilliant Precision Pricing Suite (ZPPS), an enterprise software that combines price segmentation and price optimization science with analytics and process automation software for price management; ZPPS Analytics, which provides segment-specific metrics and KPIs to deliver a view of pricing performance and uncover opportunities to improve; ZPPS Price Optimization that produces price and deal envelope recommendations for various price segment; and ZPPS Price List Manager, which administers price lists and policies, as well as other price instruments, such as discount and markup schedules. The company also provides ZPPS Deal Manager and Deal Manager for Agreements, and ZPPS Price Campaign Manager that provides inline analytics and KPIs for scoring deals against peer group benchmarks and enforces corporate price policies; and ZPPS Pricing Information Manager, which manages product mix and selection in various deals. In addition, Zilliant, Inc. offers deployment strategy and planning, and implementation methodology, as well as Zilliant education services for business and technical users. The company has a strategic alliance with Advanous.
Zilliant, Inc. was founded in 1999 and is headquartered in Austin, Texas.
Dropbox is a prominent provider of secure file sharing, collaboration, and storage solutions, catering primarily to individuals and small to medium-sized businesses. Founded in 2007 by Drew Houston and Arash Ferdowsi, Dropbox has established itself as a pioneer in cloud storage and cross-platform file syncing. The company is headquartered in San Francisco, California, and operates more than 12 offices globally. With 500 million registered users, Dropbox facilitates seamless collaboration through its platform, allowing users to work from any device and location. Additionally, Dropbox for Business offers enhanced features, including robust administrative controls and secure file sharing tailored for organizational needs. As the company evolves, it is diversifying its product offerings to extend beyond traditional cloud storage solutions.
Sunnova Energy International Inc. is a Houston-based company that provides residential solar power and battery storage services across the United States. Founded in 2012, Sunnova serves approximately 80,000 customers through a network of local installation partners. The company offers a range of services, including operations and maintenance, monitoring, repairs, equipment upgrades, and on-site power optimization. With a fleet of residential solar energy systems generating around 572 megawatts, Sunnova aims to deliver reliable and cost-effective solar solutions to homeowners. By maintaining solar service agreements, Sunnova ensures that customers receive ongoing support and worry-free electricity for years to come.
Honest Dollar, Inc. is an online platform focused on providing transparency and information related to finances and retirement planning. Founded in 2014 and based in Austin, Texas, the company aims to simplify the process of saving for retirement. As a subsidiary of Goldman Sachs Private Wealth Management, Honest Dollar leverages the expertise of its parent company to enhance its offerings and support investors in their financial journeys.
Vapor IO, Inc. specializes in hyper modular data center solutions, aimed at addressing the evolving demands of modern workloads. The company's offerings include the Kinetic Edge Exchange, which facilitates low-latency data exchange, and Kinetic Edge colocation, enabling the integration of multiple micro data centers into a cohesive virtual environment. Vapor IO also provides Kinetic Edge Fabric for networking at the edge, OpenDCRE for open-source data center management, and Vapor CORE for optimizing data center services with advanced analytics. Additionally, the Vapor Chamber represents a highly condensed data center format, while Vapor Edge serves as an end-to-end platform for IoT and edge computing applications. The company’s Project Volutus supports cloud providers and wireless carriers in delivering cloud-based edge computing through a network of micro data centers at cell tower sites. Founded in 2015, Vapor IO is headquartered in Austin, Texas, and has established a presence in major markets, with plans for further expansion.
Ryan is a global tax services firm headquartered in Dallas, Texas, recognized as the largest provider dedicated exclusively to business taxes. The firm offers a comprehensive range of tax services, including federal, state, local, and international advisory and consulting. Its services encompass audit defense, tax recovery, credits and incentives, compliance, and strategic planning, allowing for a multijurisdictional approach. With a multidisciplinary team of over 2,500 professionals, Ryan serves more than 14,000 clients across more than 50 countries, including many prominent Global 5000 companies. The firm has received multiple accolades for its commitment to client service, including the International Service Excellence Award. Ryan's innovative work environment fosters a culture centered on excellence in tax services.
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.
Antuit is an AI solutions provider that specializes in the Retail, Consumer Goods, and Manufacturing sectors. Founded in 2013 and backed by Goldman Sachs, Antuit focuses on helping multinational and high-growth companies predict and meet demand effectively. By leveraging machine learning and proprietary technologies, the company aims to enhance revenue and margin growth, improve supply chain efficiency, and elevate customer experiences. Antuit combines various forecasting methodologies, including direct-to-consumer and e-commerce forecasting, to generate actionable insights from supply, finance, sales, and marketing data. Through its innovative approach, Antuit is reshaping how consumer products and retail organizations utilize AI to address their business challenges.
Regency Energy Partners LP (the Partnership) is engaged in the gathering and processing, contract compression, treating and transportation of natural gas and the transportation, fractionation and storage of natural gas liquids (NGLs). The Partnership operates in five business segments: Gathering and Processing, Joint Ventures, Contract Compression, Contract Treating, and Corporate and Others. Its assets are primarily located in Texas, Louisiana, Arkansas, Pennsylvania, California, Mississippi, Alabama, West Virginia and the mid-continent region of the United States, which includes Kansas, Colorado and Oklahoma. In March 2014, the Company acquired PVR Partners, L.P.
Spiceworks is the marketplace that connects the IT industry to help tech buyers and sellers get their jobs done, every day. The company helps people in the world’s businesses find, adopt, and manage the latest technologies while also helping IT brands build, market, and support better products and services. Founded in 2006 and headquartered in Austin, Texas, Spiceworks empowers people to use technology to make their organizations, their communities, and the world better.
Private Equity Round in 2013
PetroEdge Energy III, LLC, an independent energy company, engages in the acquisition, exploration, and exploitation of unconventional natural gas and crude oil properties. Its activities are focused on the lower Eagleford in Brazos and Burleson Counties, Texas. The company is also developing an inventory of opportunities in the Cretaceous Shelf Margin. PetroEdge Energy III, LLC was incorporated in 2004 and is based in Houston, Texas.
Imaging Advantage is the leading provider of evidence-based, end-to-end technology enhanced radiology solutions to hospitals across the country. IA’s footprint includes major healthcare systems in Arizona, California, Illinois, Michigan, Ohio, Oregon and Texas, as well as other major metropolitan areas across the U.S.
Imaging Advantage is the leading provider of evidence-based, end-to-end technology enhanced radiology solutions to hospitals across the country. IA’s footprint includes major healthcare systems in Arizona, California, Illinois, Michigan, Ohio, Oregon and Texas, as well as other major metropolitan areas across the U.S.
Dropbox is a prominent provider of secure file sharing, collaboration, and storage solutions, catering primarily to individuals and small to medium-sized businesses. Founded in 2007 by Drew Houston and Arash Ferdowsi, Dropbox has established itself as a pioneer in cloud storage and cross-platform file syncing. The company is headquartered in San Francisco, California, and operates more than 12 offices globally. With 500 million registered users, Dropbox facilitates seamless collaboration through its platform, allowing users to work from any device and location. Additionally, Dropbox for Business offers enhanced features, including robust administrative controls and secure file sharing tailored for organizational needs. As the company evolves, it is diversifying its product offerings to extend beyond traditional cloud storage solutions.
Renal Ventures Management, LLC specializes in dialysis care for individuals with chronic kidney disease in the United States. Founded in 1997 and headquartered in Lakewood, Colorado, the company operates numerous dialysis centers across several states, including Arkansas, Iowa, Pennsylvania, New Jersey, Texas, and West Virginia. Renal Ventures Management collaborates with physicians to deliver compassionate and quality-focused care in comfortable clinic environments. In addition to direct patient care, the company provides essential supporting services, including negotiation of insurance and managed care contracts, vendor pricing optimization, accounts receivable management, information technology support, and ongoing education for healthcare professionals. As of May 2017, Renal Ventures Management functions as a subsidiary of DaVita Kidney Care.
Private Equity Round in 2011
NEOS GeoSolutions, Inc. is a geosciences company specializing in multi-measurement subsurface interpretation solutions. It combines various geological and geophysical data, including seismic, gravity, magnetic, electromagnetic, radiometric, and hyperspectral data, within a proprietary data management system. This integration aids geoscientists in the onshore oil and gas, and mining industries, facilitating informed decisions regarding exploration, leasing, and drilling activities. NEOS offers several key solutions: neoSCAN for interpreting diverse investigation areas, neoBASIN for enhanced resolution and insights, neoPROSPECTOR for identifying potential drillable prospects, and Eco-Assurance, which provides additional insights into surface and subsurface conditions for exploration programs. The company serves a wide range of clients, including energy ministries, national oil companies, international mining and oil firms, junior operators, and governmental agencies across the United States and internationally. Founded in 2002 and headquartered in Houston, Texas, NEOS also has locations in California, Colorado, Argentina, Brazil, and the United Arab Emirates.
Imaging Advantage is the leading provider of evidence-based, end-to-end technology enhanced radiology solutions to hospitals across the country. IA’s footprint includes major healthcare systems in Arizona, California, Illinois, Michigan, Ohio, Oregon and Texas, as well as other major metropolitan areas across the U.S.
Intrinsity specializes in semiconductor platforms and electronic design automation software, focusing on enhancing the speed and efficiency of digital logic for mobile core applications. The company’s proprietary Fast14 technology enables circuit speeds reaching 3 GHz and beyond, while also offering solutions to effectively manage speed, power, and area to meet customer design specifications. Through its tools and expertise, Intrinsity aims to deliver predictable and efficient outcomes for various semiconductor applications.
BTIG provides institutional brokerage and fund services. It is specialized in global trading and fund services for hedge funds, separate accounts, mutual funds, and family offices. The company operates in various areas, including equity trading, fixed income, future trading, convertible securities, equity derivatives, prime brokerage, outsource trading, direct market access, capital markets, equity research, and corporate access as well as international trading, commission management services, portfolio analytics, and market intelligence. In addition, the company provides trading solutions to investment managers. It serves institutional clients worldwide. BTIG was founded in 2002 and is based in San Francisco, California. It has additional offices in New York, San Francisco, Dallas, Boston, Chicago, Greenwich, Red Bank, Norwalk, Orinda, Atlanta, and Los Angeles. It operates as a subsidiary of Condor Trading LP.
Accelergy is a global leader in producing a direct replacement, low carbon, synthetic distillate liquids, and transportation fuels at a lower cost to both the environment and to the consumer. Accelergy uses domestic, carbon-based resources such as natural gas and biomass to produce cost-competitive liquids with a reduced CO2 footprint compared to traditional petroleum-based products. They do this without the expensive infrastructure required by many other alternative synthetics technologies.
The company was founded in 2003 and headquartered in Houston, Texas.
Surgient, Inc. offers self-service virtualization automation and lab management solutions. The company offers Virtual Automation Platform, a software automation and management platform that helps enterprise IT organizations to provide self-service computing resources to users. Its virtualization solutions are used for software QA/test, training, sales, and marketing applications. The company’s Surgient Cloud Express combines cloud computing technology and implementation services to help organizations deploy on-premise clouds. Surgient also provides services, such as solution design and architecture, capacity and infrastructure planning, image and lab configuration planning, software installation and configuration, setup of initial images and lab configurations, software customization and integration, training for administrators and end-users, and custom reporting and analytics. The company serves hotels/hospitality, pharmaceutical, aerospace, insurance, software, financial services, healthcare, telecom, and hardware markets. Surgient, Inc. was formerly known as Surgient Networks, Inc. The company was founded in 1999 and is headquartered in Austin, Texas.
eVentures Group operates and invests in internet communications companies.
Telscape International
Private Equity Round in 2000
Telscape International, Inc. is a turn-key and value added telecommunications company strategically positioned to tap the growing and emerging markets of Latin America, with a particular emphasis on Mexico. TSCP supplies U.S.-originated international long distance services on a wholesale and retail basis, via switched and dedicated networks, with an emphasis on Latin America. TSCP also provides a range of systems integration and value-added services in Mexico. For the nine months ended 9/30/98, revenues totalled $102.3 million, up from $22.1 million. Net income fell 4% to $1.4 million. Results reflect acquisitions, offset by a $1.5 million tax expense vs. a $246 thousand tax benefit.
Private Equity Round in 2000
ChemConnect, Inc. functions as an electronic exchange specializing in the trading of midstream energy, feedstocks, chemicals, and related products. Established in 1995 and headquartered in Houston, Texas, the company provides a platform for the trading of natural gas liquids, refined fuels, aromatics, olefins, and commodity polymers. In addition to its exchange services, ChemConnect offers auction services, bulletin-board functionality, back-end fulfillment solutions, and market information resources. The company also delivers supply chain solutions, which include negotiation tools and collaboration hubs, facilitating efficient transactions for its clients. ChemConnect has operational reach in North America, the United Kingdom, and Belgium.
CompuBank is an online banking institution that offers a comprehensive suite of financial services for both consumers and businesses in the United States and internationally. The bank specializes in providing web-based fee information, Visa check cards, bill payment services, direct deposits, fund transfers, wire transfers, and overdraft protection. Additionally, CompuBank offers accounting software to enhance financial management for its clients. As a nationally chartered internet bank, it is insured by the FDIC, ensuring a level of security and trust for its users.
Agillion enables companies to provide customers with a level of service they've never encountered online—or anywhere else. By creating Agillion CustomerPagesSM—custom, password-protected Web sites that are accessible 24 hours a day, 7 days a week—you can: Let your customers place and check on the status of orders, alert you to problems, retrieve documents you're collaborating on together, write you a note, download a product catalog, etc. Capture customer information in real-time and securely store it in a central database that your Team can access from any web browser. Focus on your top customers by receiving reminders and important alerts about their activity.