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Providence Strategic Growth

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 87
Average round size
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The average size of a deal this fund participated in
$36M
Portfolio companies 62
Rounds per year 9.67
Lead investments 37
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Exits 10
Key employees 9
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity
Seed

Areas of investment

  • Software
  • SaaS
  • Information Technology
  • Enterprise Software
  • E-Commerce
Summary

Providence Strategic Growth appeared to be the VC, which was created in 2016. The fund was located in North America if to be more exact in United States. The main department of described VC is located in the Providence.

The fund has no exact preference in some founders of portfolio startups. When startup sums 3 or 4 of the founder, the probability for it to get the investment is little. We can highlight the next thriving fund investment areas, such as Network Security, Enterprise Software. Besides, a startup needs to be aged 6-10 years to get the investment from the fund. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the various public portfolio startups of the fund, we may underline Skybox Security, Conversica, Impact Technologies

This Providence Strategic Growth works on 19 percentage points less the average amount of lead investments comparing to the other organizations. The important activity for fund was in 2019. The common things for fund are deals in the range of 10 - 50 millions dollars. The higher amount of exits for fund were in 2019. Speaking about the real fund results, this VC is 50 percentage points more often commits exit comparing to other organizations. The fund is generally included in 2-6 deals every year.

The overall number of key employees were 9.

The usual cause for the fund is to invest in rounds with 1-2 partakers. Despite the Providence Strategic Growth, startups are often financed by Providence Equity Partners, Kennet Partners, Toba Capital. The meaningful sponsors for the fund in investment in the same round are Providence Equity Partners, Toba Capital, Kennet Partners. In the next rounds fund is usually obtained by Toba Capital, Savano Capital, Pantheon Ventures.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Beti

Cloud Management
Construction
Information Technology
Legal Tech
Software
$11M16 Nov 2022 Tel Aviv, Tel Aviv, Israel

Penny

Consulting
Information Technology
$26M01 Jun 2022 Vancouver, British Columbia, Canada

Introhive

Business Intelligence
CRM
Data Center Automation
SaaS
Software
$96M16 Jun 2021 Fredericton, New Brunswick, Canada

Payrix

Developer APIs
Developer Platform
E-Commerce
Finance
Financial Services
FinTech
Payments
SaaS
Software
$50M01 Oct 2020 Frisco, Texas, United States

SevenRooms

Business/Productivity Software
Hospitality
Hotel
Reservations
Restaurants
Restaurants and Bars
SaaS
Social/Platform Software
$50M25 Jun 2020 New York, United States

DivvyCloud

Cloud Computing
Cloud Management
Cloud Security
Security
$20M26 Apr 2019 Arlington, Virginia, United States

Payrix

Developer APIs
Developer Platform
E-Commerce
Finance
Financial Services
FinTech
Payments
SaaS
Software
$22M23 Apr 2019 Frisco, Texas, United States

Conversica

Artificial Intelligence
Enterprise Software
Machine Learning
Marketing Automation
Natural Language Processing
SaaS
Sales Automation
Software
Virtual Assistant
$31M29 Aug 2018 California, United States

Jobcase

Big Data
Employment
Recruiting
Social Media
$11M21 Dec 2017 Cambridge, Massachusetts, United States

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Total investments 87
Average round size 36M
Rounds per year 9.67
Peak activity year 2021
Lead investments 37
Follow on index 0.29
Exits 10
Group Appearance index 0.48

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Beti

Cloud Management
Construction
Information Technology
Legal Tech
Software
$11M16 Nov 2022 Tel Aviv, Tel Aviv, Israel

Penny

Consulting
Information Technology
$26M01 Jun 2022 Vancouver, British Columbia, Canada

Introhive

Business Intelligence
CRM
Data Center Automation
SaaS
Software
$96M16 Jun 2021 Fredericton, New Brunswick, Canada

Payrix

Developer APIs
Developer Platform
E-Commerce
Finance
Financial Services
FinTech
Payments
SaaS
Software
$50M01 Oct 2020 Frisco, Texas, United States

SevenRooms

Business/Productivity Software
Hospitality
Hotel
Reservations
Restaurants
Restaurants and Bars
SaaS
Social/Platform Software
$50M25 Jun 2020 New York, United States

DivvyCloud

Cloud Computing
Cloud Management
Cloud Security
Security
$20M26 Apr 2019 Arlington, Virginia, United States

Payrix

Developer APIs
Developer Platform
E-Commerce
Finance
Financial Services
FinTech
Payments
SaaS
Software
$22M23 Apr 2019 Frisco, Texas, United States

Conversica

Artificial Intelligence
Enterprise Software
Machine Learning
Marketing Automation
Natural Language Processing
SaaS
Sales Automation
Software
Virtual Assistant
$31M29 Aug 2018 California, United States

Jobcase

Big Data
Employment
Recruiting
Social Media
$11M21 Dec 2017 Cambridge, Massachusetts, United States
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