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iTWire Wednesday, 21 April 2021 11:11 Octopus Deploy seals US$172.5M investment deal from Insight Partners to tame complex enterprise software developments
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Global investment firm Insight Partners has invested US$172.5M for a minority stake in Octopus Deploy, which has been “continuously profitable since 2012.” This is the first venture funding that Octopus Deploy has accepted.
Insight Partners, which presents itself as “a leading global software ScaleUp investor”, has invested US$172.5M in Brisbane-based continuous delivery and deployment automation company Octopus Deploy.
According to Octopus Deploy, it is “taking its first outside investment after eight years of strong organic growth and profitability in which it expanded its expertise in enterprise go-to-market and deepened its enterprise footprint.”
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NEW YORK and KNOXVILLE, Tenn., Dec. 18, 2020 /PRNewswire/ Inhabit IQ ( Inhabit IQ or the Company ), a unique collective of tech-forward products serving the residential, commercial and vacation rental management industries, today announced the completion of a significant investment by the Goldman Sachs Merchant Banking Division in the Company. Goldman Sachs will join existing investors Insight Partners, Greater Sum Ventures and PSG as institutional shareholders in Inhabit IQ.
The funding will provide additional capital that will enable Inhabit IQ to increase its investment in innovation, accelerate its growth and continue its acquisition strategy. The Company will continue to be led by CEO Lisa Stinnett and the current management team. Terms of the transaction were not disclosed.