Greenwich, Connecticut-based mostly Activant Money has closed a $129 million late-stage enterprise fund.

The company was established in 2013 by Steve Sarracino and has viewed 6 liquidity situations so far, a sizeable chunk of the eighteen providers it is invested in. One particular of individuals was Hybris, an e-commerce computer software company which sold to SAP for $1.four billion. They also invested in Upland Program, which went public.

And Sarracino, who invests along with spouse Peter McCoy, is anticipating several additional “exits” over the next fifteen decades, the daily life cycle for its resources. This compares to the standard fund size of ten decades and permits Activant to be “very very long-phrase focused,” reported Sarracino.

They also program to invest right after providers go public. Activant “can obtain into the IPO and continue on to assist the company,” he reported.

Some of the types they are most enthusiastic about right now include warehouse administration, logistics, voice and agriculture. Activant also invests a whole lot in commerce, Online of Points and knowledge. Sarracino hopes that the staff can differentiate by itself by possessing an abilities in specialized niche industries and by getting a “consultative method.”

He touted Activant’s investments in NewStore, a cellular retail system.  They’ve also been investing in Turvo, a logistics system. RetailNext is an e-commerce analytics portfolio enterprise that he’s also enthusiastic about.


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