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Motive Partners, Clearlake Capital buy majority stake in InvestCloud, combining it with Finantix and Tegra118

Motive Partners, Clearlake Capital buy majority stake in InvestCloud, combining it with Finantix and Tegra118
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InvestCloud recapitalizes at $1 billion and integrates two new businesses to create a financial technology leader with a SaaS global wealth solutions platform having over $4 trillion in assets

(1) New financial investors, led by Motive Partners and Clearlake Capital, partner to create next-generation SaaS wealth solutions platform with InvestCloud LOS ANGELES, Feb. 2, 2021 /PRNewswire/ InvestCloud, an award winning global FinTech firm has completed a recapitalization that values the business at $1 billion. New financial investors are led by Motive Partners ( Motive ) with Clearlake Capital Group, L.P. ( Clearlake ) and include other InvestCloud client shareholders. Under the terms of the agreement, Motive Partners will also contribute two portfolio businesses, Finantix and Tegra118, into InvestCloud, creating a global Software-as-a-Service ( SaaS ) wealth solutions platform. The recapitalization achieves our first objective, said John Wise, InvestCloud s Co-founder and Chief Executive Officer. At a valuation of $1 billion, we can reward early investors in the business, while injecting new capital to fuel the next stage of our growth, further supporting our clients

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InvestCloud Hits $1B Valuation, Folding In Tegra118, Finantix

Newly Minted Unicorn InvestCloud Plans Global Wealthtech Takeover InvestCloud is bringing Tegra118 and Finantix into the fold, in a reorganization that could make the firm a major global wealthtech player. Private equity firms Clearlake Capital and Motive Partners are recapitalizing their investment in financial technology platform InvestCloud and bringing two other fintech firms, Tegra118 and Finantix, under the InvestCloud umbrella, according to an announcement. The latest funding round puts InvestCloud into unicorn territory, with a valuation at $1 billion, while simultaneously rewarding early investors and providing new capital, according to John Wise, co-founder of the company. Besides providing fresh capital for all three firms, the investment will see industry executives Wise, CEO and co-founder of InvestCloud; Cheryl Nash, CEO of Tegra118; and Christine Ciriani, CEO of Finantix, working more closely. The recapitalized business will be reorganized into four functi

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