Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
This is the second of a two-part series looking back at 2023.
Mary Ann and Alex called on two colleagues to help us chat through some of the year’s biggest events.
You can find part one of our year-end roundup here if you need even more!
And don’t forget, Equity has even more great stuff coming your way, so stick close to your favorite podcast app.
Listen here or wherever you get your podcasts.
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
This is the first of a two-part series that we built for you going back over critical themes from 2023.
It was a very, very busy year in the worlds of technology, startups, and venture capital — so busy that we asked for your 2023 in a headline, and you delivered!
In Part 1, Mary Ann and Alex dug into a host of key themes:In Part 2 — coming soon!
Alteryx, an Irvine, California-based software company developing data science and analytics products, today announced that it’s agreed to be acquired by private equity firms Clearlake Capital Group and Insight Partners in a deal worth $4.4 billion.
Clearlake and Insight reportedly beat out Symphony Technology Group, another private equity firm, which Reuters reported several days ago had been vying for Alteryx.
The Clearlake-Insight deal, which includes debt, values Alteryx’s equity at around $3.46 billion, reports Reuters — a 29.1% premium over the company’s closing share price on Friday.
After raising tens of millions of dollars from VC firms including Toba Capital, Insight, Sapphire Ventures, ICONIQ Capital and Meritech Capital Partners, Alteryx went public on the NYSE in 2017.
Today, Alteryx stands out as an industry leader with a differentiated platform that scales data democratization in a governed manner,” Stoecker said.
Bank and technology platform Kapital continues to rake in venture capital, grabbing another $40 million in Series B dollars and $125 million in debt financing.
We previously covered Kapital’s $20 million Series A in May that included $45 million in debt.
Rene Saul and Fernando Sandoval co-founded Kapital in 2020 to provide similar financial visibility to small businesses, using data and artificial intelligence, that large enterprises have.
“Small businesses represent 90% of the world’s businesses; however, in Mexico, only 10.5% of those small businesses have access to total bank credit,” Saul said.
“That’s what we’re fixing — we give them visibility of their finances.”In 2023, Kapital’s customer base grew to 80,000 small businesses in Mexico, Colombia and Peru.
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