Items on this site had already been written this week about QuickBase getting a new owner, TaxJar picking up $60 million, Vena Solutions raising $75 million and Infor taking in $1.2 billion. As they say, market conditions must good. Also this week, JMI Equity closed a $1.2 billion fund for investments in growth-stage software companies with $10 million to $200 million in revenue so money continues to flow.. This week, there was also an announcement that Portland, Ore.-based Orchestra received $14 million growth equity investment from Radian Capital. Orchestra markets ERP software for the regulated craft beverage industry. Insight Venture Partners, which kicked in the money for TaxJar, also participated in a $500-million investment in Veeam, which makes backup and disaster recovery software while rival Rubrik pulled in a $261 million Series E investment which drew in Bain Capital Ventures as a new investor. And in the current market of cyberwar backup software should be highly popular.
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LOTS OF DEALS GREAT AND SMALL—2019 Featured
The year has kicked off with what seems like a flood of investments. In the last week, business has been booming for software companies raising funds.
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