Arrowroot Capital Gets Exit At Evergage

General News

Summary

Santa Monica-based investor Arrowroot Capital, headed by Matthew Safaii, has scored a win with the acquisition of one of its portfolio companies, Evergage, by Salesforce. Financial terms of the buy were not announced. Evergage was based in Somerville, Mass., and had raised $26M in funding from Arrowroot Capital, G20 Ventures, and Point Judith Ventures. Evergage develops real time personalization software. Arrowroots Safaii had sat on the companys board, and had also led the last two rounds of funding in Evergage.

Classifications

industries
Fintech & Banking
applications
Business Intelligence

AskAI Classifications

Labels
SaaS CRM Software Enterprise Software

Linked Companies

Evergage
$10M to $25M
Salesforce
$1B+