Investor · 1 deal

Summit Partners

Disclosed deals

Every published round Summit Partners took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.

Company	Stage	Announced	Amount	Role	Alongside	Sources
A Cloud Guru	Unnamed stage	30 Apr 2019	$46.8m	Lead	AirTree Ventures Elliephant	SmartCompany (Tue 23 Jul 2024), Startup Daily (Fri 9 Jul 2021), Startup Daily (Mon 7 Jun 2021), SmartCompany (Thu 3 Jun 2021), SmartCompany (Tue 17 Dec 2019), Startup Daily (Wed 1 May 2019), SmartCompany (Tue 30 Apr 2019), Startup Daily (Tue 30 Apr 2019), AirTree Ventures portfolio

Portfolio

Companies Summit Partners has backed in a published round, and companies whose existing shares it bought off another holder.

Company	What it does	First invested	Rounds	Led
A Cloud Guru		30 Apr 2019	1	1

Funds

Fund closes reported for Summit Partners, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Summit Partners yet.

Portfolio companies acquired

Companies Summit Partners has backed that another company then bought. An exit for the holding, not a deal Summit Partners did.

Company	Bought by	Kind	Announced	Price
A Cloud Guru	Pluralsight	Acquisition	9 Jul 2021	$2b

Coverage

Stories naming Summit Partners. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

16 deals

Ignition Lane Weekly Wrap: M&A mania, Tesla trademarks, African fintech, another SoftBank implosion & NFTs explained

Weekly roundup covering ANZ trade sales including A Cloud Guru's multibillion-dollar sale, several Australian raises, Tenacious Ventures' agritech fund close, Xero and Cochlear appointments, and global deals such as Etsy buying Depop.

Also SmartCompany

13 deals

Funding for Australian startups just had a bumper start to 2019, but things are starting to look tougher

Techboard's March 2019 quarterly report records over $2.6 billion in startup funding, driven by CBA's PEXA acquisition, Airwallex's unicorn round, several large raises, and a warning that early-stage deal flow is shrinking.

Also Startup News (WA)

2 deals

“Pie in the sky”: A Cloud Guru raises $47 million after smashing early growth goals

Cloud training startup A Cloud Guru raises $US33 million in a round led by Summit Partners, with AirTree Ventures and returning backer Elephant joining, to fund hiring and product expansion.

SmartCompany Tue 30 Apr 2019 A Cloud Guru AirTree Ventures Elliephant Summit Partners Ryan Kroonenburg Sam Kroonenburg

Also Startup Daily·Startup Daily

Unnamed stage $47m

A Melbourne cloud computing startup just landed one of 2019’s biggest raises to go global

Melbourne cloud training startup A Cloud Guru raised US$33 million (A$47m) from Summit Partners, Airtree Ventures and existing backer Elephant to expand its team and platform.

Startup Daily Tue 30 Apr 2019 A Cloud Guru Qualcomm AirTree Ventures Elliephant Summit Partners James Cameron Ryan Kroonenburg Sam Kroonenburg

Also SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany

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