Customer experience startup Sprinklr files confidential S-1 with SEC

Customer experience startup Sprinklr files confidential S-1 with SEC

Sprinklr, a New York-based customer experience company, announced today it has filed a confidential S-1 ahead of a possible IPO. “Sprinklr today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock,” the […] …

Vista-owned backup and recovery business Datto submits to go public

Vista-owned backup and recovery business Datto submits to go public

When Vista Equity Partners acquired backup and disaster recovery company Datto in 2017, it was easy to believe that was the end of the business’s story. It would be comfortably taken in into the private equity portfolio continuing to generate income for the company, however that’s not really the way Vista works. It tends to construct […]
It tends to develop up its companies, sometimes ultimately taking them public, and the other day that’s what happened when Datto filed its S-1. In the very first 6 months of 2020, the business had membership revenues of$ 234 million and a gross earnings of $178 million. When sales and marketing and other expenses are added in, the company had a net earnings of$10 million. Of course, business like Datto always try to make the numbers look good in preparation for a public offering, so the real understanding will come in the next couple of quarters as we see if Datto can sustain its development and keep expenses in check. …

Longtime VC Todd Chaffee of IVP states late-stage scene is now’M & A world’

Longtime VC Todd Chaffee of IVP states late-stage scene is now’M & A world’

Todd Chaffee has long been among the most senior members of the late-stage venture firm Institutional Endeavor Partners. Chaffee joined IVP in 2000 after logging 6 years at Visa, and went on to lead rounds in various prominent later-stage companies, numerous (however not all) of which have actually gone public, including Coinbase, Compass, Klarna, Kayak, […] It’s a great company to be in, particularly when companies are going public at that clip. Todd Chaffee: Yeah, we’re currently investing Fund 16. …