ATL Deal Flow is a quarterly breakdown of all the Atlanta tech and startup deals that have gone down in the past 90 days. We’ll be updating this post with new activity through to the end of March.
4/3: Greensky LLC, a FinTech firm based out of Atlanta, confidentially filed with the SEC for an initial public offering that could raise the company’s current valuation of $1B to $5B. The business focuses on a point-of-sale tech platform that allows retailers and home-improvement contractors to offer clients bank payment financing and credit offers.
4/3: SalesLoft, a marketing automation software firm in Atlanta, has raised $50M in a Series C funding round led by Insight Venture Partners. In addition to the VC funding, LinkedIn joined in on the round, along with existing investor Emergence Capital. SalesLoft currently employs more than 220 people and announced plans to add more than 200 employees with the recent investments.
4/2: Atlanta blockchain payments provider, BitPay, announced it has closed a $40 million extended Series B funding round Monday and plans to nearly double the company’s employees at home and in Asia. Menlo Ventures, Capital Nine, G Squared, Nimble Ventures and Delta-v Capital joined BitPay’s initial round investor Aquiline Capital Partners. BitPay said it extended the funding round “due to increased investor demand,” and the recent funding has raised the startup’s total venture capital funding to more than $70 million.
3/30: Norcross-based DataOceans, LLC, a customer communications management solutions and services company, reported raising an additional $2M in an equity funding round, according to an SEC filing. The filing shows DataOceans has raised $3.2M of a planned $5M round.
3/23: Weather Group, the parent company of Atlanta-based media company the Weather Channel, was acquired by Entertainment Studios from Blackstone, Bain Capital and Comcast/NBC Universal. Details of the deal were not disclosed, though news outlets speculate the price was somewhere in the neighborhood of $300M, according to those close to the company. Just 10 years ago, the sellers originally purchased the Weather Channel for $3.5B, and sold off the digital assets to IBM for more than $2B in 2015.
3/23: Landing Lion, a landing page platform that lets digital marketers build pages without coding, has raised a $500K round of funding from Austin-based venture capital firm Active Capital, according to Crunchbase. The company is a graduate of Techstars Atlanta Accelerator’s 2017 class.
3/16: Athens, Ga.-based Reservoir, closed a seed round for an undisclosed amount with Macon-based angel fund Central Piedmont Investment Group. Reservoir develops wireless irrigation for landscapers and horticulturists.
3/15: Jasper, Ga.-based Royston LLC, a designer, manufacturer and installer of custom, high‐quality check out and merchandising fixtures and equipment, was acquired by private equity firm Industrial Opportunity Partners. Terms of the deal were not disclosed.