Tracxn - ERP Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - ERP - Aug 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on August 9, 2018.
ERP Feed Summary
4
ERP > Feed Summary
Enterprise resource planning software- a suite of integrated applications that an organization can use to collect, store,
manage, and interpret data from multiple business activities.
• Inclusions: Company that provides cloud-based
or/and on-premise integrated business management
solution for generic/particular industry sharing a
central database. Also includes companies that
provides end to end business management application
to small and medium businesses.
• Exclusions: Companies that provides ERP
consultancy, implementation, testing and maintenance
services. Also excludes company that develops point
based business applications.
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$4.3B
Funding
51
Mega
Companies
2513048
FundedCovered on
Tracxn
12
Unicorns
19
Soonicorns
13
Minicorns
29
IPO’d Cos
92
Late Stage Cos
42
30
Acquisitions
86
DeadPooled
104
Acquihired
Series A+ Cos
Infor
(2002, New York City, $2B)
Epicor
(1972, Austin, $20M)
SAP
(1972, Walldorf, Public)
Top Companies

Investment Trend Summary
Summary of Funding Activity in ERP
5
$2B - PE
Infor (2002, New York City, $2B)
$15M - Series C
Brightpearl (2007, Bristol, $50.5M)
$166M - Series D
Lightspeed POS (2005, Montreal, $292M)
$15M - Series C
KeyedIn (2011, Minneapolis, $40M)
$25M - Series C
Acumatica(2007, Kirkland, $55M)
$10M - Series B
TradeGecko (2012, Singapore, $20M)
$20M - Series B
Deskera (2006, Singapore, $20M)
$9M - Series D
Vend (2010, San Francisco, $45.9M)
$20M - Series A
Restaurant365 (2011, Irvine, $20M)
$7.4M - Series B
Bexio (2008, Rapperswil, $12.2M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
ERP > Feed Summary > Investment Trend Summary
Seed 500 Startups Canada (#1), Afore Capital (#1), Almi (#1)
Series A/B Accel-KKR (#1), Allos Ventures (#1), A Plus Finance (#1)
Series C+ Accel-KKR (#2), Aca Investments (#1), Battery Ventures (#1)
Incubators 500 Startups (#3), Innovacorp (#2), TNB Ventures (#2)
Other Notable
Investors
Level Equity (#2), Main Street Capital (#2), Technology Crossover
Ventures (#2)
Debt Investors Lighter Capital (#3), Silicon Valley Bank (#3), Siparex (#2)
Most Active InvestorsRecent Investments
186
227
241
172
84
7
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 16 33 38 37 30 19
$86M
$294M $321M
$71M
$2.2B
$112M
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
$3.5B
$382M
$327M
$37.7M
$31.2M
US
Europe
Canada
SEA
India
$ Funding

Summary of exit outlook in ERP
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
JMI Management 2
Changepoint (1994, Richmond Hill, $5.5M)
Ellucian (1968, Fairfax)
InterWest Partners 2
Workday (2005, Pleasanton, $352M)
Epicor (1972, Austin, $20M)
Herald Investment
Management
2
SAP (1972, Walldorf)
Sanderson (1983, Coventry)
Hellman & Friedman 2
TeamSystem (1979, Pesaro)
Marlin Equity
Partners
2
Solarsoft (1986, Richmond Hill)
Jun 2017 Visma Acq by HgCapital for $5.3B
Dec 2016 Deltek Acq by Roper Technologies for $2.8B
Nov 2016 NetSuite Acq by Oracle for $9.3B
Feb 2014 Unit4 Acq by Advent International for $1.6B
Apr 2011 Lawson Software Acq by Infor for $2B
May 2006 SSA Global Technologies Acq by Infor for $1.4B
Jun 2003 J.D. Edwards & Company Acq by Peoplesoft for $1.7B
ERP > Feed Summary > Exit Outlook Summary
Infor 3
Lawson Software (Apr 2011, $2B), SSA Global
Technologies (May 2006, $1.4B), Mapics (Jan 2005, $375M)
Epicor 2 NSB Group (Dec 2007, $322M), Solarsoft (Sep 2012, $155M)
Oracle 1 NetSuite (Nov 2016, $9.3B)
Kohlberg Kravis
Roberts
1 Epicor (Jul 2016)
Microsoft 1 Navision (May 2002, $1.3B)
Recent IPOs Top Acquisitions
Sage Group Jun 2013
Accounting, HR and ERP solutions for SMEs…
IPO MCap: - Current MCap: -
Workday Oct 2012
Human Resources and Financial Management…
IPO MCap: $4.5B Current MCap: -
TOTVS Mar 2006
ERP solution for range of industries and…
24SevenOffice Aug 2005
SaaS based ERP for SMBs
Extensity Oct 2015
Financial performance management software…
IPO MCap: - Current MCap: $1.1B
MYOB Apr 2015
Business management solutions provider.
CDK Global Sep 2014
Information technology and digital market…
IPO MCap: - Current MCap: $8.4B
Just planning Jul 2013
Business management application for resta…

For any Feedback and Query reach out to MyAnalyst@tracxn.com.
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
FACTSHEET
Feed Report - ERP - Aug 20187 Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.
Overview
Companies 3048
Funded 251 Series A+ 92
Funding $4.3B Last 2 yrs $2.3B
Most Active Investors
Seed 500 Startups Canada (1)
Series A/B Accel-KKR (1)
Series C+ Accel-KKR (2)
Others Level Equity (2)
Incubators 500 Startups (3)
Top Cities
NYC 21 Cos $2.0B
Bay Area 46 Cos $801M
Feed in Numbers
Unicorns 12 Soonicorns 19
Minicorns 13 Editor Picks 155
Acquihired 104 Deadpooled 86
Top Companies
Infor (2002, New York City, $2.0B)
Exits
IPOs 29 Workday, CDK Global
Acquisitions 30 NetSuite, Visma
Top Acquirers Infor, Epicor
Marketmap: ERP
FARM MANAGEMENT
AGRICULTURERETAIL
RETAIL
E-COMMERCE
SERVICE
PROFESSIONAL SERVICE
EDUCATION
HOSPITALITY
ENTERPRISE SMB
MULTI-INDUSTRY
INDUSTRIAL
MANUFACTURING
CONSTRUCTION
PROCESS
DISCRETE
ERP > Feed Summary > BlueBox

Key Sub Sectors in ERP Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Multi-Industry >
SMB-Focused 578 $52.4M 8
Retail >
Suite 128 $187M 6
Hospitality >
Hotels 47 $15.2M 6
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Multi-Industry
Companies that develop ERP software for enterprises
and SMB's across multiple sectors...
1288 95 $3.2B
Retail
Companies that develop ERP software for the retail
industry
263 24 $495M
Manufacturing
Companies that develop ERP software for
manufacturers
388 31 $390M
Waste Management & Recycling
Companies that develop ERP for wastewater
management and the recycling industry
25 1 $103M
Professional Services
Companies that develop ERP software for professional
services individuals and agencies...
117 20 $63.2M
Hospitality
Companies that develop ERP software for the
hospitality industry
99 14 $49.3M
Agriculture
Companies that develop ERP software for the
agricultural industry
37 12 $23.5M
ERP > Feed Summary > Summary of Key Markets

List of Notable Companies in ERP
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
ERP > Feed Summary > Notable Companies in the Sector
Public
Workday
(2005, Pleasanton, $352M)*
QAD
(1979, Santa Barbara)
Trimble Navigation
(1978, Sunnyvale)
TechnologyOne
(1987, Valley)
Extensity
(2005, Toronto, $14M)
24SevenOffice
(1997, Oslo, $2M)
Cegid
(1983, New York City, $900k)
EDP
(1965, Sheffield)
Ramco
(1997, Chennai)
RoomKeyPMS
(2009, North Vancouver)
Public
Sanderson
(1983, Coventry)
SAP
(1972, Walldorf)
TOTVS
(1983, Sao Paulo)
Tyler Tech
(1966, Plano)
MYOB
(1991, Glen Waverley)
Altec
(1986, Athens)
American Software
(1970, Atlanta)
Axionsys Technology
(1996, Dubai)
Just planning
(1994, Tokyo)
Simple
(1988, Warsaw)
Public
Entersoft
(2002, Athens)
CDK Global
(1972, Hoffman Estates)
Comarch
(1993, Krakow)
Entersoft
(2002, Athens)
ILYDA
(1992, Athens)
Link Computer
(1984, Istanbul)
Logo Yazılım
(1984, Gebze)
Sage Group
(1997, Newcastle Upon Tyne)
Synergy Resources
(1992, Central Islip)
Acquired
NetSuite
(1998, San Mateo, $220M)
Visma
(1996, Oslo)
Deltek
(1983, Herndon, $107M)
Lawson Software
(1975, Paul, $40M)
J.D. Edwards &
Company
(1977, Denver)
Unit4
(1980, Sliedrecht)
SSA Global
Technologies
(1981, Chicago)
Navision
(1985, Vedbaek)
TeamSystem
(1979, Pesaro)
Acquired
Geac Computer
Corporation
(1971, Toronto)
Exact
(1984, Delft)
proALPHA
(1992, Weilerbach)
Mapics
(1977, Alpharetta)
NSB Group
(1995, Reading)
Acceo
(1988, Montreal)
Solarsoft
(1986, Richmond Hill)
Baan
(1978, Barneveld)
Changepoint
(1994, Richmond Hill, $5.5M)

List of Notable Companies in ERP
Notable Companies in the Sector (2/2)
10
ERP > Feed Summary > Notable Companies in the Sector
Unicorns
Infor
(2002, New York City, $2B)
Epicor
(1972, Austin, $20M)
Ellucian
(1968, Fairfax)
LexisNexis
(1973, Albany)

List of Notable Companies by Market in ERP
Notable Companies by Market (1/9)
12
ERP > Feed Summary > Notable Companies by Market
Multi-Industry
Enterprise
Business Applications provider for the enterprise
Unicorn. Stage: Acquired
Northgate plc, Koch Equity Development, Golden
Gate Capital and 4 Other Investors
Workday (2005, Pleasanton, $352M)
Human Resources and Financial Management Suite
Unicorn. Stage: Public
T. Rowe Price, Morgan Stanley, Bezos Expeditions
and 6 Other Investors
FinancialForce (2009, San Francisco, $194M)
Cloud ERP solutions provider
Soonicorn. Stage: Series D
Technology Crossover Ventures, Salesforce, Advent
International and 1 Other Investors
Enterprise
Deltek (1983, Herndon, $107M)
ERP offering for governments and project-driven
organizations
Prospect Street Ventures, Quilvest Private Equity,
New Mountain Capital and 1 Other Investors
Lawson Software (1975, Paul, $40M)
Generic ERP software vendor
TA Associates Management, SEO Service Agent,
Split Rock Partners
Business software solutions
CPP Investment Board, Trident Capital, Coral
Capital and 4 Other Investors
Enterprise
Extensity (2005, Toronto, $14M)
Financial performance management software
Stage: Public
J.D. Edwards, Visa, Lehman Brothers and 8 Other
Investors
Ramco (1997, Chennai)
SaaS solutions in ERP, HCM, SCM, CRM and
software for aviation industry
Soonicorn. Stage: Public
HDFC Mutual Fund, Axis Mutual Fund, JOHCM-USA
Software solution for multi-channel selling
Herald Investment Management
Enterprise application software
Editor's Pick. Stage: Public
Herald Investment Management, Quest for Growth,
Momenta Partners

13
Multi-Industry
Enterprise
TOTVS (1983, Sao Paulo)
ERP solution for range of industries and companies
Venture Partners do Brasil
Oscar (2005, Tampere)
Business management applications for enterprises
Soonicorn. Stage: Unfunded
Altec (1986, Athens)
Business management application for medium sized
enterprises
Stage: Public
Axionsys Technology (1996, Dubai)
Cloud-based ERP solution
Stage: Public
Simple (1988, Warsaw)
ERP software to support production companies
Stage: Public
Enterprise
Entersoft (2002, Athens)
Integrated business software
Stage: Public
I4G
Baan (1978, Barneveld)
ERP Vendor
Stage: Acquired
Battery Ventures
Comarch (1993, Krakow)
Software solutions for IT enterprises
Stage: Public
Geac Computer Corporation (1971, Toronto)
Infor Enterprise Software Solutions for CRM, ERP,
SCM, EAM & More
Stage: Acquired
Link Computer (1984, Istanbul)
ERP software for various enterprises
Stage: Public
Enterprise
Logo Yazılım (1984, Gebze)
Largest ERP provider for SMEs in Turkey
Stage: Public
Mediterra Capital, Diffusion Capital Partners
ERP for discrete manufacturing and distribution
and wholesale management
Stage: Acquired
Marlin Equity Partners
TechnologyOne (1987, Valley)
Largest software solution provider in Australia
Stage: Public

14
Multi-Industry
SMB-Focused
NetSuite (1998, San Mateo, $220M)
Cloud Based SaaS Business Management Software
suite
StarVest Partners, ADP, Meritech Capital Partners
Acumatica (2007, Kirkland, $55M)
Cloud and on-premise ERP, CRM and Financial
Software for SMEs
Soonicorn. Stage: Series C
Accel-KKR, Myob, Runa Capital and 3 Other
Investors
24SevenOffice (1997, Oslo, $2M)
Stage: Public
Seed Forum
J.D. Edwards & Company (1977, Denver)
ERP software for SMBs
SMB-Focused
MYOB (1991, Glen Waverley)
Bain Capital Private Equity, VantEdge Partners,
HarbourVest Partners
Visma (1996, Oslo)
Cloud-based business and admin solutions
Editor's Pick. Stage: Acquired
SVG Capital, HgCapital, AlpInvest Partners and 3
Other Investors
Exact (1984, Delft)
ERP and accounting software provider for SMBs
Stage: Acquired
ERP software for SMBs in South-East Europe and
Middle-East
Stage: Public
Navision (1985, Vedbaek)
Integrated business software solution for SMBs
Stage: Acquired
SMB-Focused
Sage Group (1997, Newcastle Upon Tyne)
Accounting, HR and ERP solutions for SMEs
Stage: Public
Insight Venture Partners, ABS Ventures

15
PSA and PPM solutions
Stage: Acquired
JMI Management, Marlin Equity Partners, BEST
Funds
LexisNexis (1973, Albany)
Enterprise Legal Management.
ERP software for micro and small businesses
Hellman & Friedman, Palamon Capital Partners
Unit4 (1980, Sliedrecht)
ERP solutions for people- or service-based
organizations
Sageview Capital, Western Technology Investment
Retail
Suite
SaaS based Retail Management Software and
eCommerce platform
Caisse de depot et placement du Quebec,
Investissement Quebec, Inovia Capital and 4 Other
Investors
Cloud based Retail POS
Movac, Square Peg Capital, Jasmine Social
Investments and 15 Other Investors
Openbravo (2006, Pamplona, $18M)
Web-based open source ERP and PoS solutions for
SMEs
Soonicorn. Stage: Series B
Amadeus Capital, Adara Ventures, Gimv and 2
Other Investors
Suite
Cegid (1983, New York City, $900k)
Cloud-based software to allow merchants carry out
omni-commerce
Silver Lake, AltaOne Capital, Gemmes Venture and 2
Other Investors
EDP (1965, Sheffield)
ERP software solutions for merchants &
distributors
CAM Commerce Solutions (1983, Fountain
Valley)
Suite solutions for retailers
Soonicorn. Stage: Acquired
ILYDA (1992, Athens)
ERP & software for specialized vertical markets
Stage: Public
Global Emerging Markets

16
Retail
Offline
NSB Group (1995, Reading)
Software and services for the speciality retail
market
Stage: Acquired
E-commerce
SaaS based multi-channel eCommerce ERP
Cipio Partners, Eden Ventures, MMC Ventures and 8
Other Investors
Manufacturing
Discrete
IQMS (1989, Paso Robles, $75M)
ERP software developer for manufacturing industry
Technology Crossover Ventures, Banneker
Partners, ARCC
Kenandy (2010, Redwood City, $55M)
Cloud ERP application provider for product
planning and manufacturing
Salesforce, Lightspeed Venture Partners, Kleiner
Perkins and 1 Other Investors
Cloud application building platform
Arrowroot Capital
Acceo (1988, Montreal)
Management & accounting software development
firm
Stage: Acquired

17
Manufacturing
Discrete
Mapics (1977, Alpharetta)
ERP software for manufacturers
Stage: Acquired
proALPHA (1992, Weilerbach)
Cloud-based ERP software developer
Stage: Acquired
Sobera Capital, Beaufort Capital, Bregal Capital
QAD (1979, Santa Barbara)
Enterprise Manufacturing Software
Stage: Public
Synergy Resources (1992, Central Islip)
ERP for manufacturing with LEAN scheduling
Stage: Public
Mixed-Mode
Plex Systems (1995, Troy, $86.5M)
Saas based cloud ERP solutions for manufacturing
industry
Accel Partners, T. Rowe Price, Apax Partners
SSA Global Technologies (1981, Chicago)
Manufacturing ERP software vendor.
Stage: Acquired
Red Rock Ventures
Horizontal
AMCS (2003, Limerick, $103M)
End-to-End solutions provider for waste
management & recycling industry
Insight Venture Partners, Ireland Strategic
Investment Fund, Silicon Valley Bank and 6 Other
Investors

18
Hospitality
Restaurants
Just planning (1994, Tokyo)
Business management application for restaurant
industry
Stage: Public
Digital Garage
Hotels
RoomKeyPMS (2009, North Vancouver)
Cloud-based hotel management software
Public Sector
Local Government
Tyler Tech (1966, Plano)
End-to-end information systems for local
governments

19
Apparel
Manufacturers
American Software (1970, Atlanta)
Supply Chain management and ERP Solutions
Stage: Public
Construction & Real Estate
Construction Management
Trimble Navigation (1978, Sunnyvale)
Advanced positioning technology and mobile
solutions for productivity enhancement
Ark Angels Fund, New Venture Partners, Tippet
Venture Parters
Equipment Dealers
CDK Global (1972, Hoffman Estates)
Information technology and digital marketing
solution provider to the automotive & heavy
equipment retail industry
Stage: Public
Elliott Management, Sachem Head Capital
Management, MK Capital

20
Education
Universities
Software solutions provider for higher education
institutes
JMI Management, Leonard Green and Partners,
Hellman & Friedman
Mining
Mining
MineRP (1997, Centurion)
ERP solutions for mining industry
Soonicorn. Stage: Unfunded

List of Notable Companies in ERP in China
Notable Companies in the Sector in China
21
ERP > Feed Summary > Notable Companies in the Sector in China
Public
Digiwin
(1982, Shanghai, $10M)
Kingdee
(1993, Shenzhen, $2.4M)
Yonyou
(1988, Beijing)
Regentsoft
(1995, Guangzhou)
Shjysoft
(2012, Shanghai)
Soonicorns
Kingdee
(1993, Shenzhen, $2.4M)

Recent News in ERP Sector
Recent News
22
ERP > Feed Summary > Recent News
Aug 2018
SAP Raises Its 2018 Outlook Backed By Strong Growth In Cloud
Business, ERP News
Aug 2018 Plex Systems Appoints Fred Hehl Chief Sales Officer, PR Newswire
Aug 2018
Tyler Technologies Teams With Scanning, Archiving Company,
TexasTechPulse
Aug 2018
Allmoxy announces new training facility and B2B ordering,
Woodworking Network
Aug 2018 IFS Maintenix goes from good to better, Enterprise Times
Aug 2018 Liberis and Sage team up to offer SMEs £1m funding, Bdaily
Aug 2018
Rootstock Software Moves into New Worldwide Headquarters,
PRWeb
Aug 2018
SAP adds more AI capabilities to its S/4HANA Cloud database,
SiliconAngle
Aug 2018
Trimble RTX Correction Technology Now Delivers Two Centimeter
Accuracy for a Broad Range of Positioning Applications, PR Newswire
Aug 2018
JAMIS Software Corporation’s Prime Accounting System was
approved by the Defense Contracting Audit Agency (DCAA) for
MartinFederal, PRWeb
Aug 2018 Cisco to buy cyber security firm Duo for $2.35 billion, Livemint
Aug 2018
Philadelphia Business Journal Awards Deacom with “Best Place to
Work” in Philadelphia Area, GlobeNewswire
Aug 2018 Cloud-Based Software Centralizes Machine Data, MMSOnline
Key Recent News Key Recent News
Aug 2018
SAP and Swiss Re Financial Reporting and Business Steering Co-
Innovation Project Completes First Development Stage,
PressReleasePoint
Aug 2018 Kimble Applications Opens New Atlanta Office, PRWeb
Aug 2018 JOBPOWER Acquired by JDM Technology Group, PRWeb
Aug 2018
Hotelogix Delivers 15x ROI to Country Inn Hotels & Resorts, BW
Businessworld
Aug 2018 Trimble beats by $0.05, beats on revenue, Seeking Alpha
Aug 2018
Workday Completes Acquisition of Adaptive Insights,
PressReleasePoint
Aug 2018
ConnectWise Unveils ‘IT Nation’ Brand for Consolidated Learning
Events, Security Sales
Aug 2018 CAD/CAM Software Optimizes Five-Axis Milling, MMSOnline
Aug 2018 7 Credit Card Companies to Launch NFC Payment Service, Etnews
Jul 2018
Trimble’s $900 Million Registered Senior Notes Offering, Global Legal
Chronicle
Jul 2018
Epicor Unveils Product Vision to Accelerate Cloud ERP Adoption,
DQWeek
Jul 2018
Aptean Releases Enhanced irms|360 Warehouse Management
System, GlobeNewswire

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
23
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
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Online Retail
Jun 2018
Higher Education
Jun 2018
AgriTech
Jun 2018

$211M $228M
$86M
$294M $321M
$71M
$2.2B
$112M
0
5
10
15
20
25
30
35
40
$0k
$500M
$1.B
$1.5B
$2.B
$2.5B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
Investments ($M) and number of rounds in ERP; 2011-2018
Global Funding Trends (1/2)
25
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
ERP > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 3% # of Rounds48% $ Funding
5% # of Rounds
96% $ Funding

9 14 5 14 14 20 16 2
9
11
8
14
14
8
10
9
4 3 3 5 10 9 4 8
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
22
19
Total # of Rounds
$2M
$10M
$239K
$6M $7M
$8M
$7M
$118M $120M
$75M
$157M
$40M
$28M
$31M
$50M
$91M $99M $10M $132M $273M $34M $2.2B $62M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
$166M $185M
$33M
$222M $262M
$20M
$2.2B
$45M
0
1
2
3
4
5
6
7
0
500000000
1E+09
1.5E+09
2E+09
2.5E+09
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
26
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in ERP; 2011-2018
ERP > Investment Trends > Global Funding Trends
25
5
12
17
17
8
3
87
$5.3M
$2.7M
$0.0M
$1.0M
$2.0M
$3.0M
$4.0M
$5.0M
$6.0M
$7.0M
0
10
20
30
40
50
60
70
80
90
100
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
2 4 1 6 4 1 2 2 $5.3M $0M $3.6M $1.3M $1.6M $0.2M $6.7M $2.7M
$211M
$112M
Total $ Invested

ERP > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in ERP
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
New York City 2B 13
Bay Area 801M 41
Montreal 292M 4
Herndon 107M 4
Limerick 103M 6
Troy 86.5M 4
London 83.5M 5
Paso Robles 75M 2
Phoenix 65.3M 10
Bristol 50.5M 6
Total Funding
165
75
16
6
42
12
1
1
# Rounds
$3.5B
$382M
$327M
$37.7M
$31.2M
$760k
$30k
$10k
US
Europe
Canada
SEA
India
Latam
Bangladesh
Kenya
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.3
$0.9
$0.1
$0.6
$0.7
$0.6 $0.6
2011 2012 2013 2014 2015 2016 2017
$25.0
$9.4 $6.6
$2.0 $3.3 $1.4
$5.1
$5.9
$16.5
$9.8
$16.6
$5.5
$20.0
$5.2
$45.5 $98.6 $10.0 $26.3 $34.2 $8.5
$1083.0
ERP > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in ERP; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$10K* $2.2M
$239K $80.8M
$127K $35M
$179K $2B
$13.3M
$8M
$2.9M
$288K
Series C+
Series B
Series A
Seed
Stage

Note: 150 companies with undisclosed funding amount are not included
29
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
35
44
24
6
7
No. of Companies
ERP > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in ERP; as of Aug 2018
Distribution of companies by Funding Range
$10M
$151M
$492M
$403M
$3.3B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
8%
3%
2%
1%
30
Note: Numbers in the brackets show the count of companies
Time to raise
next round
42
60
92
251
3048
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
8% 2%
(58)
2%
(47)
4%
(116)
3%
(86)
85%
(2595)
37% 18%
(45)
14%
(36)
19%
(47)
2%
(4)
43%
(108)
65% 20%
(18)
10%
(9)
32%
(29)
2%
(2)
1%
(1)
70% 28%
(17)
13%
(8)
37%
(22)
2%
(1)
-8%
(-5)
- 36%
(15)
17%
(7)
43%
(18)
2%
(1)
-17%
(-7)
ERP > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in ERP
Funding Funnel
15 Months
26 Months
20 Months
Investment backedBootstrapped
19
12
24
23
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
ERP > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in ERP; Aug 2016-Aug 2018
Notable Investments in last 24 months (1/3)
LATE STAGE
$2B - PE Feb 2017
Koch Equity Development
$166M - Series D Oct 2017
eCommerce platform
Investissement Quebec, Inovia Capital, Silicon Valley
Bank
$25M - Series C Jun 2018
Software for SMEs
Accel-KKR
$15M - Series C Jul 2018
SaaS based multi-channel eCommerce ERP
Cipio Partners
LATE STAGE
$15M - Series C May 2018
Cloud application building platform
Arrowroot Capital
$9M - Series D Dec 2016
Investments, Aspiring Asset Management
PE Apr 2018
Northgate plc
Series D Dec 2016
Punakaiki Fund
LATE STAGE
Series C Apr 2018
End-to-End solutions provider for waste
management & recycling industry
Insight Venture Partners, Ireland Strategic
Investment Fund

EARLY STAGE
$20M - Series B Sep 2016
Deskera (2006, Singapore, $20M)
Cloud based ERP and CRM solutions for mid market
enterprises
Tembusu Partners, Tikehau Capital, SoftBank Group
$20M - Series A Jan 2018
ERP solution for restaurants.
Bessemer Venture Partners
$10M - Series B Jul 2018
Cloud-based sales and inventory management
platform for B2C/B2B
Perle Ventures, 33Capital, TNB Ventures, Aura
Group
$7.4M - Series B Feb 2017
Online business management software for SMBs
Swisscom, Redalpine, ARMADA Investment
EARLY STAGE
$5M - Series B Mar 2018
Hotelogix (2008, Noida, $10M)
Hotel Property & Booking Management Software
Vertex Ventures, Accel Partners, Saama Capital
$1.9M - Series B Mar 2017
Vinculum Solutions (2007, Noida, $12M)
Fulfillment SaaS for eCommerce and offline
businesses
IvyCap Ventures, Accel Partners, RB Investments
$1.3M - Series A Dec 2016
Vertex Ventures, Accel Partners, Saama Capital
$239k - Series A Aug 2016
Accel Partners, Saama Capital
EARLY STAGE
$127k - Series B Mar 2018
businesses
Song Hoi See, Accel Partners

SEED STAGE
$515k - Seed Nov 2016
Wayman (2011, Gdansk, $515k)
ERP tools for engineering and design firms
Innovation Nest
$385k - Seed Jan 2017
Ecomdash (2013, Charlotte, $2.1M)
Inventory management software for ecommerce
companies
$276k - Seed Dec 2017
companies
$150k - Seed Dec 2017
companies
$125k - Seed Jan 2017
companies
Charlotte Angel Fund

Most Active Investors (VC, PE) by Stage in ERP; Last 5 years (Aug 2013-Aug 2018)
Most Active VC & PE Investors
34
ERP > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Ankur Capital
CropIn
1
Peak Ventures
ZipBooks
2
Astella Investimentos
Omiexperience
3
Inovia Capital
Swept
4
Earlybird Venture Capital
Dcs Plus
5
XAnge
ONE UP
6
Blackbird Ventures
Accelo
7
Credo Ventures
PublishDrive
8
South Central Ventures
Alchemy
9
Criatec 2
EZ Commerce
10
EARLY STAGE
Saama Capital
Hotelogix
1
Notion
Mews Systems
2
IvyCap Ventures
Vinculum Solutions
3
Vertex Ventures
Hotelogix
4
Beenext
CropIn
5
Kickstart Seed Fund
DirectScale
6
Redalpine
Bexio
7
RB Investments
Vinculum Solutions
8
Tao Capital Partners
MJ Freeway
9
ARMADA Investment
Bexio
10
LATE STAGE
Accel-KKR(2 Investments)
Acumatica, KerridgeCS
1
Insight Venture Partners
AMCS
2
MMC Ventures
Brightpearl
3
Runa Capital
Acumatica
4
Caisse de depot et placement du
Quebec
Lightspeed POS
5
Punakaiki Fund
Vend
6
Battery Ventures
BPSC
7
CPP Investment Board
Epicor
8
HgCapital
Access Group
9
Movac
Vend
10

ERP > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in ERP; Last 5 years (Aug 2013-Aug 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
500 Startups(3 Investments)
Farmeron, Cloudadmín, Fulfil.IO
1
Innovacorp(2 Investments)
Swept, WoodsCamp
2
TNB Ventures(2 Investments)
TradeGecko, Taidii
3
Amrita TBI
Nextsky Technologies
4
HIGHLINE
Swept
5
Startup Wise Guys
PublishDrive
6
Thrive Agtech
Specright
7
TLabs
EPaathsala
8
OTHER NOTABLE INVESTORS
Level Equity(2 Investments)
Accelo, ECi Solutions
1
Main Street Capital(2 Investments)
Computer Associates
2
Technology Crossover Ventures(2
Investments)
FinancialForce, IQMS
3
Wayra(2 Investments)
VisualNACert, Fitco
4
33Capital
TradeGecko
5
9Mile Labs
Cloudadmín
6
Aspiring Asset Management
Vend
7
Advent International
FinancialForce
8
AltaOne Capital
Cegid
9
Apax Partners
Epicor
10
DEBT INVESTORS
Lighter Capital(3 Investments)
Circle Commerce, Springboard Retail, MasterStream
1
Silicon Valley Bank(3 Investments)
AMCS, Brightpearl, Lightspeed POS
2
Siparex(2 Investments)
Odooapps, ONE UP
3
Ardian
ECi Solutions
4
Columbia Lake Partners
Brightpearl
5
Tikehau Capital
Deskera
6

ERP > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/2)

ERP > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (2/2)

ERP > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
39
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
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Jun 2018
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Jun 2018
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May 2018

For any Feedback and Query reach out to MyAnalyst@tracxn.com.
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
FACTSHEET
Feed Report - ERP - Aug 201841 Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.
Marketmap: ERP ERP > Market Details > BlueBox

Key Sub Sectors (1/2)
42
Key Sub Sectors in ERP
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Multi-Industry
Companies that develop ERP software for enterprises and SMB's across multiple sectors
Infor (2002, New York City, Acquired)
FinancialForce (2009, San Francisco,
$194M)
1288 95 $3.2B
Retail
Companies that develop ERP software for the retail industry
Cylande (1986, Roubaix, Acquired)
263 24 $495M
Manufacturing
Companies that develop ERP software for manufacturers
Plex Systems (1995, Troy, Acquired)
IQMS (1989, Paso Robles, $75M)
388 31 $390M
Companies that develop ERP for wastewater management and the recycling industry
PC Scale (1986, Oxford, Acquired)
25 1 $103M
Companies that develop ERP software for professional services individuals and agencies such
as arch....
QuickArrow (1998, Austin, Acquired)
Accelo (2009, San Francisco, $11M)
117 20 $63.2M
Hospitality
Companies that develop ERP software for the hospitality industry
Ctuit (2000, Novato, Acquired)
99 14 $49.3M
Agriculture
Companies that develop ERP software for the agricultural industry
Farmeron (2010, Columbus, Acquired)
MJ Freeway (2010, Denver, $11M)
37 12 $23.5M
Education
Companies that develop ERP software for educational institutes such as schools, colleges, and
universities
Ellucian (1968, Fairfax, Acquired)
rSmart (2002, Phoenix, $14.3M)
367 10 $18.4M
Local Businesses
Companies that develop ERP software for local businesses such as photo studios, internet
dealers, and fitness studios
Savcor (1981, Mikkeli, Acquired)
Daxko (1998, Birmingham, $7.8M)
82 10 $12.7M
ERP > Market Details > Key Sub Sectors

Key Sub Sectors (2/2)
43
Key Sub Sectors in ERP
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Healthcare & Pharmaceutical
Companies that develop ERP software for the healthcare & pharmaceutical industry
ConsortiEX (2013, Andover, $4.3M)
Birla Medisoft (2001, Pune)
40 2 $4.3M
ERP > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/9)
44
ERP > Market Details > Detailed Sector Taxonomy

45

46

47

48

49

50

51

52

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Multi-Industry > SMB-Focused
Companies that develop ERP software for SMB's across multiple sectors
(Companies covered 578 | Funded 43 | Total Funding $375M)
$52.4M
(-$157M)
8
(-40)
Acumatica
(2007, Kirkland, $55M)
2
(-)
Retail > Suite
Companies that develop ERP software for retailers, wholesalers, distributors, or/and restaurants
(Companies covered 128 | Funded 14 | Total Funding $396M)
$187M
(-$19.9M)
6
(-16)
Lightspeed POS
(2005, Montreal, $292M)
3
(-)
Hospitality > Hotels
Companies that develop ERP software for hotels and lodges
(Companies covered 47 | Funded 5 | Total Funding $18.7M)
$15.2M
(+$11.7M)
6
(-)
Mews Systems
(2012, Prague, $8.6M)
53
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets by Funding in ERP in last 2 years (August 2016 - July 2018)
ERP > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Hospitality > Restaurants
Companies that develop ERP software for restaurants and caterers
(Companies created 37 | Funded 8 | Total Funding $24.4M )
1 Restaurant365 (2011, Irvine, $20M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
54
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (August 2016 - July 2018)
ERP > Market Details > Top Markets of Early Stage Investors

Incubators 500 Startups (#1)
Seed Greenstone Venture Partners (#1), BC Discovery Fund (#1)
Series A/B Swisscom (#2), StarVest Partners (#1)
Series C+ Accel-KKR (#1), Myob (#1)
Visma Jun - 2017
Acq by HgCapital for $5.3B
NetSuite Nov - 2016
Acq by Oracle for $9.3B
MYOB Apr - 2015
IPO'd on ASX
Exact Oct - 2014
Acq by Apax Partners for $930M
Sage Group Jun - 2013
IPO'd on LON
24SevenOffice Aug - 2005
IPO'd
J.D. Edwards & Company
Jun - 2003
Acq by Peoplesoft for $1.7B
$25M - Series C
Seed
MarketUP (2012, Sao Paulo)
Series A
Bind (2013, Monterrey)
Series A
Bling (2008, Bento Goncalves)
Seed
Serv (2014, Singapore)
$7.4M - Series B
May 2017
Vivonet Deploys Genesys Cloud Solution for Customer
Engagement, PR Newswire
Jul 2016
ZipBooks Raises $2M in Seed Funding, Taps Leadership from
InsideSales.com , PRWeb
Mar 2018
GoGuardian Uses Sage Intacct to Increase Operating Cash
Flow by $7 Million, GlobeNewswire
Mar 2015
Aries TCO, Next Generation Technologies, Hits $2.5M on
Fundable for Robot Programmer ACE | Crowdfund Insider,
Crowdfund Insider
Dec 2017
Kerridge Commercial Systems acquires Lakeview
Computers, BuildersMerchantNews
Jul 2017
U.K. tech giant buys Bay Area company for $850M, The
Business Journals
Feb 2018
Solver Announces NetSuite Integration for BI360 Cloud,
PressReleasePoint
Dec 2017 Software group moves for Dartford firm, Insider Media
May 2017
NetSuite partner Klugo Group moves trailer manufacturer to
the cloud, CRN
Nov 2017
Inside Secure delivers strong customer authentication for
Visma Solutions, Bobsguide
May 2018
Ann & Hope Increases Business Efficiency and Inventory
Accuracy with VAI’s S2K Suggested Purchasing and
Inventory Management Solution, Business Wire
Jun 2017
Cloud-based software provider Deskera makes big India
push, in talks to raise up to $100m from PE players , Deal
Street Asia
News
0
1
2
3
4
5
6
7
8
$0k
$5M
$10M
$15M
$20M
$25M
$30M
2014 2015 2016 2017 2018
YoY Funding Rounds
9
7
17
43
578
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Multi-Industry > SMB-Focused: Market Factsheet
55
Exits
Recent Investments
YoY Funding and Rounds
Companies that develop ERP
software for SMB's across multiple
sectors
Acumatica
(2007, Kirkland, $55M)
Deskera
(2006, Singapore, $20M)
Vivonet
(1999, Burnaby, $17.4M)
Bexio
(2008, Rapperswil, $12.2M)
SolvAxis
(1987, Bern, $4.6M)
Top Companies
#1 Top Markets of Investment Activity
ERP > Market Details > Market: SMB-Focused
Companies Created 578 | Funded 43 | Total Funding $375M
Market: SMB-Focused

Multi-Industry > SMB-Focused: Top Companies
Market: SMB-Focused (1/2)
Analyst’s Pick
suite
StarVest Partners, ADP, Meritech Capital Partners,
Cross Atlantic Capital Partners
Software for SMEs
Accel-KKR, Myob, Runa Capital and 3 Other
Investors
Online business management software for SMBs
Minicorn. Stage: Series B
Swisscom, Redalpine, ARMADA Investment,
Spicehaus Ventures
Company.com (2008, Atlanta, $3.2M)
Back-office tools for SMEs
Minicorn. Stage: Series A
FTV Capital, Signatures Capital
Analyst’s Pick
ZipBooks (2015, Great Lakes, $2.3M)
Online accounting software for small businesses
Editor's Pick. Stage: Seed
Peak Ventures, Pelion Venture Partners, Liquid 2
Ventures
Fulfil.IO (2015, Walnut, $125k)
Multichannel retail, ERP and Inventory
Management for SMBs
Minicorn. Stage: Seed
Rajan Anandan, 500 Startups, Extreme Venture
Partners
Bain Capital Private Equity, VantEdge Partners,
HarbourVest Partners
ABRA Systems (1991, Prague)
ERP system for large and medium sized businesses
Minicorn. Stage: Unfunded
Analyst’s Pick
Apptivo (2009, Chennai)
Business management platform
Minicorn. Stage: Unfunded
AFAS Software (1996, Leusden)
Cloud based business management applications
Editor's Pick. Stage: Unfunded
ClickBalance (2006, Culiacan)
Cloud-based ERP software
GDI software (1979, Landau)
Business management application for small and
medium businesses
godesys (1992, Mainz)
ERP software for small and medium-sized
businesses
Invenzo Labs (2015, Bangalore)
Cloud-based business management solutions
provider

Multi-Industry > SMB-Focused: Top Companies
Market: SMB-Focused (2/2)
Analyst’s Pick
Maer Software (1985, Buenos Aires)
enterprises
MasterStream (2000, Corona)
ERP solutions for the telecom industry
Editor's Pick. Stage: Funded
Lighter Capital
MicroTelecom (2005, Uniondale)
ERP software for retail and telecommunication
industry
NeuralSoft (1989, Rosario)
ERP solutions for businesses across Argentina
Nubox (2001, Santiago)
Cloud-based accounting solution provider
Riverwood Capital
Proginov (1996, La Chevroliere)
Cloud-based multiple industry ERP software
Analyst’s Pick
PROSEZ (2011, Frankfurt Am Main)
ERP software for multiple businesses
SMACC (2006, Riyadh)
Accounting software for small and medium-sized
enterprises
Step Ahead (1999, Germering)
CRM and ERP software for SMEs
Upayogee software (2017, Pune)
businesses
Visma (1996, Oslo)
SVG Capital, HgCapital, AlpInvest Partners and 3
Other Investors

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
58
Multi-Industry > SMB-Focused: Leaderboard
Better than Market Average
Market: SMB-Focused
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Acumatica 2007 Kirkland Series C $55M - 4 - 4 31 80k 30k 3k 43 4k 5% 4 10% 5.1k 19%
5.0 Visma 1996 Oslo Acquired - - 3 - 5 9 24k 2.4k 176k 315 -7k -20% 4 11% 67 3%
5.0 Serv 2014 Singapore Seed - - 5 2 3 1 6.7M 2 750 13 6M 400% 4 40% - -
5.0 Sage Group 1997
Newcastle
Upon Tyne
Public - - 3 - 4 83 15k 14k 30k 254 1k - 60 32% 1.1k 8%
5.0 Ahora 1992 Alboraya Unfunded - - 4 3 4 - 727k 830 4k 10 -396k -35% 4 67% 54 7%
5.0 Exact 1984 Delft Acquired - - 3 3 3 2 131k - 51k 234 48k 57% 24 11% - -
4.9 Deskera 2006 Singapore Series B $20M - 5 - - 5 441k 378 7k 44 7k 1% 13 43% 25 7%
4.9 Bexio 2008 Rapperswil Series B $12.2M - 4 - - 1 55k 2.2k 3k 11 -31k -36% 3 38% 77 4%
4.9 Vivonet 1999 Burnaby Acquired $17.4M - 4 - - 7 693k 1.9k 18k 131 37k 6% 5 3% 87 5%
4.9 MYOB 1991
Glen
Waverley
Public - - 3 - - 28 32k 18k 45k 286 -5k -12% 11 5% 1.1k 6%
4.9 ClickBalance 2006 Culiacan Unfunded - - 5 2 3 - 201k 1.5k 2k 36 1k - 9 33% -11 -1%
4.9 MarketUP 2012 Sao Paulo Seed - - 3 4 4 - 54k - 30k 71 -7k -10% 20 37% - -
4.9 ONE UP 2010
San
Francisco
Seed $2M - 4 - - - 699k - 75k 180 346k 98% 1 1% - -
4.9 EffiaSoft 2012 Hyderabad Unfunded - - 5 - - - 1.4M 213 30k 643 305k 28% 154 31% 1 -
4.9 Effitrac 2012 Coimbatore Unfunded - - 5 - 4 - 2.3M 43 225 21 -1.7M -42% 5 31% 17 64%

Incubators TNB Ventures (#1), 500 Startups (#1)
Seed Point Nine Capital (#1), Golden Gate Ventures (#1)
Series A/B Accel Partners (#2), Valar Ventures (#1)
Series C+ Movac (#1), Jasmine Social Investments (#1)
CAM Commerce Solutions
Mar - 2012
Acq by Celerant
EDP Apr - 1987
IPO'd on LON
$10M - Series B
$127k - Series B
Vinculum Solutions (2007, Noida,
$12M)
$166M - Series D
Lightspeed POS (2005, Montreal,
$292M)
$1.9M - Series B
Vinculum Solutions (2007, Noida,
$12M)
$9M - Series D
Series D
PE
Angel
Primaseller (2013, Bangalore)
$61M - Series C
Lightspeed POS (2005, Montreal,
$292M)
Sep 2017
TradeGecko joins AppDirect's leading cloud services
ecosystem, PR Newswire
Jun 2017
Cegid Group: simplified public purchase offer initiated by
Claudius France , GlobeNewswire
Sep 2015
Lightspeed POS Raises $61M To Boost Its Retail And
Restaurant Sales System, TechCrunch
Oct 2017
Celerant’s New Integration with RSR Group Streamlines
Firearm Retailers Management of Store & E-Commerce |
Business Wire, Business Wire
Jun 2017
DDI System Acquires General Data Systems | 2017-06-28 |
Modern Distribution Management, Modern Distribution
Management
Jul 2017 Lightspeed Promotes Carrea To Americas Ceo, Research Live
Apr 2017
Ginesys Launches ERP Solution For GST Compliance,
SiliconIndia
Sep 2017 DDI System's Brand Evolution, The NEWS
Sep 2017
Exact Abacus wins health food contract | Prolific North,
Prolific North
Jul 2016
Industry moves digest: DEN, Flipkart, Lenskart, Xiaomi,
Lightspeed & more, MediaNama
Jan 2017
Lightspeed expands to institutional trading market with new
prime brokerage division, LeapRate
Apr 2017
Lightspeed brings cloud-based tech to five notable new
restaurants in Canada and the US, Montreal in Technology
News
0
1
2
3
4
5
6
7
$0k
$50M
$100M
$150M
$200M
2014 2015 2016 2017 2018
YoY Funding Rounds
4
3
7
14
128
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Retail > Suite: Market Factsheet
59
Exits
Recent Investments
software for retailers,
wholesalers, distributors, or/and
restaurants
Lightspeed POS
(2005, Montreal, $292M)
Vend
(2010, San Francisco, $45.9M)
TradeGecko
(2012, Singapore, $20M)
Openbravo
(2006, Pamplona, $18M)
Vinculum Solutions
(2007, Noida, $12M)
Top Companies
ERP > Market Details > Market: Suite
Companies Created 128 | Funded 14 | Total Funding $396M
Market: Suite

Retail > Suite: Top Companies
Market: Suite
Analyst’s Pick
eCommerce platform
Investissement Quebec, Inovia Capital and 4 Other
Investors
Investments and 15 Other Investors
Cloud-based sales and inventory management
platform for B2C/B2B
Perle Ventures, 33Capital, TNB Ventures and 9
Other Investors
Analyst’s Pick
Openbravo (2006, Pamplona, $18M)
Web-based open source ERP and PoS solutions for
SMEs
Soonicorn. Stage: Series B
Amadeus Capital, Adara Ventures, Gimv and 2
Other Investors
businesses
Song Hoi See, Accel Partners, IvyCap Ventures and
2 Other Investors
Cloud-based software to allow merchants carry out
omni-commerce
Silver Lake, AltaOne Capital, Gemmes Venture and 2
Other Investors
Valley)
Analyst’s Pick
ERP software solutions for merchants &
distributors
AN Systems (1991, Roznov Pod Radhostem)
ERP software for retail industry
Exact Abacus (1984, Preston)
End-to-end e-commerce suite solution for e-tailers
Kerridge Commercial Systems (2000,
Sliedrecht)
Integrated ERP solutions for wholesalers and
retailers

61
Retail > Suite: Leaderboard
Market: Suite
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Cegid 1983
New York
City
Public $900k - 5 1 4 11 119k 863 2k 7 15k 14% - - 26 3%
5.0 Olsera 2015 Batam Unfunded - - 5 - - - 375k 2.7k 30k 133 185k 97% 25 22% -1551 -37%
4.9 WeavedIn 2013 Bangalore Unfunded - - 5 - - - 1.1M 31 750 15 40k 4% 4 36% 5 19%
4.9
ACE POS
Solutions
1981 Toronto Unfunded - - 4 - 4 - 10M 2.7k 3k 6 8M 135% 2 50% -52 -2%
4.8 GoEasyPos 2016 Noida Unfunded - - 4 - 3 - 6.3M 176 3k 4 2M 35% 3 300% 37 26%
4.8 Franpos 2011
San
Francisco
Funded - - 3 4 4 - 2.5M 12 300 3 2M 284% - - 1 1%
4.8
Lightspeed
POS
2005 Montreal Series D $292M - - 3 3 29 78k 16k - - -4k -5% - - 263 2%
4.7 Neetable 2014 Delhi Unfunded - - 5 - - - 4.6M 8 9k 39
-
15.4M
-78% 17 77% 2 23%
4.7 Dear Systems 2012 Toronto Unfunded - - 3 - - - 54k 571 825 1 -25k -32% - - 34 6%
4.6
GoFrugal
Technologies
2004 Chennai Unfunded - - 4 - - - 118k - 100k 716 -7k -5% 90 14% - -
4.6
AuroMine
Solution
2009 Chennai Unfunded - - 4 - - - 6M - 64k 233 3M 50% 7 3% - -
4.5 Bluesoft 2000 Sao Paulo Unfunded - - 4 - - - 69k - 37k 134 -22k -24% 5 4% - -
4.5
Distribution
One
1996 Irving Unfunded - - 3 - - 1 892k 480 2k 4 -307k -25% - - 29 6%

Incubators
Seed Accel Partners (#1), Centerac (#1)
Series A/B Vertex Ventures (#1), Saama Capital (#1)
Series C+
RoomKeyPMS
IPO'd on CVE
$7M - Series A
Mews Systems (2012, Prague, $8.6M)
$5M - Series B
$50k - Seed
iManageMyHotel (2014, Bangalore,
$156k)
$1.3M - Series A
$1.6M - Series A
$239k - Series A
$106k - Seed
iManageMyHotel (2014, Bangalore,
$156k)
$1.8M - Series A
Seed
iHotelligence (2009, Wicklow)
$1.2M - Series A
$363k - Seed
Feb 2017
Edtech startup Edurev, hotel solutions provider
iManageMyHotel raise funding , Deal Street Asia
Jun 2017
SkyTouch, Voila Hotel Rewards to offer rewards to
Cobblestone Hotels | Hotel Management, Hotel Management
Nov 2017
RSI International Systems Inc proud of progress but not
done yet , Proactive Investors
Apr 2017 RSI CEO Charles Ku to Retire, FSCwire
Oct 2017
Hotelogix Set to Launch 'Hotelogix Mobile Hotel' App at ITB
Asia 2017, Hotel News Resource
May 2018
Hotelogix helps Our Zanzibar Hotel Group to witness 35%
increase in occupancy, Hospitality Net
Jul 2016
Twitter opens its Audience API to all brands, adds new
search features, VentureBeat
May 2016
How this Surat-based bootstrapped startup is boosting the
revenue of 6,000 hoteliers and restaurants, YourStory Media
Dec 2017
Hotelogix helps Mint Hotels & Suites achieve smooth
transition to GST, Hospitality Biz India
Jan 2018
SkyTouch Integrates with Choice Hotels’ New Global
Reservation System, Hospitality Tech
Feb 2018
Gartner Recognizes SkyTouch Technology as Leader in Hotel
Management Software Quadrant, HospiBuz
Apr 2018
Hotelogix strikes an in-film promo deal with Rising Sun
Films, Indiatimes
Feb 2017
Hotel Business Mobile: Shift4 and SkyTouch Technology
Bring Joint EMV Solution to Hospitality, Hotel Business
Feb 2018
GrandStay Looks to SkyTouch to Provide Cloud-based PMS
to Its Growing, BestProductsReview
News
0
1
2
3
4
$0k
$2M
$4M
$6M
$8M
$10M
$12M
$14M
2014 2015 2016 2017 2018
YoY Funding Rounds
1
-
2
5
47
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Hospitality > Hotels: Market Factsheet
62
Exits
Recent Investments
software for hotels and lodges
Hotelogix
(2008, Noida, $10M)
Mews Systems
(2012, Prague, $8.6M)
iManageMyHotel
(2014, Bangalore, $156k)
4D Hotel Booking Software
(2014, Crawley)
Aria POS
(2014, Montenegro)
Top Companies
ERP > Market Details > Market: Hotels
Companies Created 47 | Funded 5 | Total Funding $18.7M
Market: Hotels

Hospitality > Hotels: Top Companies
Market: Hotels
Analyst’s Pick
Vertex Ventures, Accel Partners, Saama Capital and
25 Other Investors
Cloud-based hotel management solutions
Editor's Pick. Stage: Series A
henQ, Thayer Ventures, Notion, Axivate Capital
iManageMyHotel (2014, Bangalore, $156k)
Hotel management system
Editor's Pick. Stage: Seed
Jaarvis Accelerator, Cleartrip
HoteloPro (2011, Oradea)
Web-based property management system for hotels
MC sistemi (2005, Ljubljana)
ERP software for the hospitality industry
Analyst’s Pick
SkyTouch Solutions (2013, Phoenix)
Cloud-based hotel management system

64
Hospitality > Hotels: Leaderboard
Market: Hotels
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Hotelogix 2008 Noida Series B $10M - 5 - - 22 264k 8.7k 30k 60 18k 7% 37 144% 235 3%
4.9 Smart Finder 1997 LaGrange Unfunded - - 4 2 4 - 752k 38 300 8 -156k -17% 2 33% 3 7%
4.8 Mews Systems 2012 Prague Series A $8.6M - 5 - 4 3 789k 428 3k 4 -143k -15% - - 104 32%
4.7 IDS Next 1987 Bangalore Unfunded - - 5 - - 4 445k 9.1k 5k 34 -290k -40% 9 33% -356 -4%
4.6 InnkeyPMS 2008
Ahmedaba
d
Unfunded - - 5 - - - 4.6M - 2k 20 -39k -1% 3 18% - -
4.5 Hotel Perfect 1992 Penryn Unfunded - - - - 4 - 10M 1.5k - - 12M 172% - - 13 1%
4.3 Sirvoy 2008 Dublin Unfunded - - - - 3 - 177k 84 - - 18k 11% - - 2 2%
4.2 PAR level 2010 Burlingame Funded - - - - 4 - - - - - - - - - - -
4.1
iManageMyHot
el
2014 Bangalore Seed $156k - - - - 1 10M - - - 9M 97% - - - -
4.0 iHotelligence 2009 Wicklow Seed - - - - - - 6M 183 - - -2.4M -28% - - 1 1%
3.9 Gearco 1996 Atlanta Unfunded - - - - 4 - 10M 16 - - 13M 668% - - - -
3.8 Avon Data 2015 Bristol Unfunded - - - - 3 - 10M 328 - - 4M 47% - - 19 6%
3.7
SkyTouch
Solutions
2013 Phoenix Unfunded - - - - - 10 1.8M 944 - - -1.1M -38% - - 72 8%
3.6 Hotelline 2014 Noida Unfunded - - - - 3 - 2.3M 660 - - 530k 32% - - -93 -12%
3.5 Frontline 2017 Semarang Unfunded - - - - 4 - - 1 - - - - - - - -

#1 Top Markets of Early Stage Investors
ERP > Market Details > Market: Restaurants
Companies Created 37 | Funded 8 | Total Funding $24.4M
Market: Restaurants

Market: Restaurants

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
68
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies (1/4)
70
Performance indicators of public companies in ERP
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Oct 2015
Extensity (2005, Toronto)
Financial performance management software
$1.1B $2.9B 207.16 EXTN
Apr 2015
$285 30.92 ASX:MYO
Sep 2014
CDK Global (1972, Hoffman Estates)
Information technology and digital marketing solution provider to
the automotive & heavy equipment retail industry
$8.4B $2.2B 29.53 NASDAQ:CDK
Jul 2013
Just planning (1994, Tokyo)
Business management application for restaurant industry
$21.6M TYO:4287
Jun 2013
Sage Group (1997, Newcastle Upon Tyne)
Accounting, HR and ERP solutions for SMEs
$2B 28.62 LON:SGE
Oct 2012
Workday (2005, Pleasanton)
Human Resources and Financial Management Suite
$4.5B $1.6B NYSE:WDAY
Jul 2006
Kingdee (1993, Shenzhen)
Enterprise Information System provider
268
Mar 2006
TOTVS (1983, Sao Paulo)
ERP solution for range of industries and companies
$671M 49.24 BVMF:TOTS3
Aug 2005
24SevenOffice (1997, Oslo)
24SO
Dec 2004
Software solution for multi-channel selling
$27.7M 20.52 LON:SND
ERP > Exit Outlook > Public Companies

71
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Apr 2000
Ramco (1997, Chennai)
SaaS solutions in ERP, HCM, SCM, CRM and software for aviation
industry
$199M $70.9M 88.17 NSE:RAMCOSYS
Aug 1999
TechnologyOne (1987, Valley)
Largest software solution provider in Australia
$64.2M $190M 35.15 ASX:TNE
Aug 1998
Enterprise application software
$141B $23.3B 28.93 NYSE:SAP
Aug 1997
QAD (1979, Santa Barbara)
Enterprise Manufacturing Software
$424M $278M NASDAQ:QADI
Jul 1990
Trimble Navigation (1978, Sunnyvale)
Advanced positioning technology and mobile solutions for
productivity enhancement
$8.6B $70M $2.4B 41.29 NASDAQ:TRMB
May 1990
Tyler Tech (1966, Plano)
End-to-end information systems for local governments
$8.7B $756M 60.68 NYSE:TYL
Apr 1987
ERP software solutions for merchants & distributors
$6.5M 22.68 LON:EDP
Mar 1983
American Software (1970, Atlanta)
Supply Chain management and ERP Solutions
$399M $106M 20.61
NASDAQ:AMSW
A
Cegid (1983, New York City)
Cloud-based software to allow merchants carry out omni-commerce

72
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Digiwin (1982, Shanghai)
ERP software for enterprises and SMBs.
Comarch (1993, Krakow)
Software solutions for IT enterprises
$3.7M CVE:RSY
Yonyou (1988, Beijing)
Enterprise management software
Logo Yazılım (1984, Gebze)
Largest ERP provider for SMEs in Turkey
$54M 21.29 IST:LOGO
Simple (1988, Warsaw)
ERP software to support production companies
$8.5M 10.3 WSE:SME
Integrated business software
Shjysoft (2012, Shanghai)
ERP software and tech platform for construction industry
Altec (1986, Athens)
Business management application for medium sized enterprises
$19.3M ATHEX:ALTEC
Regentsoft (1995, Guangzhou)
ERP for eCommerce retailers and garment manufacturers

73
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Link Computer (1984, Istanbul)
ERP software for various enterprises
LINK
Synergy Resources (1992, Central Islip)
ERP for manufacturing with LEAN scheduling
ILYDA (1992, Athens)
ERP & software for specialized vertical markets
$655k ATHEX:ILYDA
ERP software for SMBs in South-East Europe and Middle-East
Axionsys Technology (1996, Dubai)
Cloud-based ERP solution

Notable Acquisitions (1/4)
74
Notable Acquisitions in ERP
ERP > Exit Outlook > Notable Acquisitions
2018 YTD
Acquirer: CloudNine
LexisNexis (1973, Albany)
Enterprise Legal Management.
Acquirer: Harris Computer Deal: $201M
Acceo (1988, Montreal)
Management & accounting software development
firm
Acquirer: Rootstock
Kenandy (2010, Redwood City, $55M)
Cloud ERP application provider for product
planning and manufacturing
2017
Acquirer: Cegid
Cylande (1986, Roubaix, $20.8M)
ERP solutions for retail industry
Acquirer: ICG Deal: $472M
proALPHA (1992, Weilerbach)
Cloud-based ERP software developer
Acquirer: HgCapital Deal: $5.3B
Visma (1996, Oslo)
2016
Acquirer: Roper Technologies
Deal: $2.8B
Deltek (1983, Herndon, $107M)
ERP offering for governments and project-driven
organizations
Acquirer: Oracle Deal: $9.3B
suite
Acquirer: Kohlberg Kravis Roberts
Business software solutions

75
2015
Acquirer: Hellman & Friedman
Deal: $1.3B
ERP software for micro and small businesses
Acquirer: TPG
Software solutions provider for higher education
institutes
Acquirer: TA Associates Management
Access Group (1991, London, $80.8M)
ERP solutions for manufacturing industry
2014
Acquirer: Apax Partners Deal: $930M
Exact (1984, Delft)
ERP and accounting software provider for SMBs
Acquirer: Advent International
Deal: $1.6B
Unit4 (1980, Sliedrecht)
ERP solutions for people- or service-based
organizations
Acquirer: Court Square Capital Partners
AFS Technologies (1985, Phoenix, $23.2M)
Saas based solutions for Food and Beverage
Industry
2012
Acquirer: Epicor Deal: $155M
ERP for discrete manufacturing and distribution
and wholesale management
Acquirer: CDC Software
Consona Corporation (1997, Indianapolis,
$25.9M)
Enterprise applications provider
Acquirer: Francisco Partners
Plex Systems (1995, Troy, $86.5M)
Saas based cloud ERP solutions for manufacturing
industry
Acquirer: Celerant
Valley)

76
2011
Acquirer: Infor Deal: $2B
Lawson Software (1975, Paul, $40M)
Generic ERP software vendor
2009
Acquirer: NetSuite Deal: $20M
QuickArrow (1998, Austin, $21.6M)
Professional services automation softwar
Before 2008
Acquirer: Epicor Deal: $322M
NSB Group (1995, Reading)
Software and services for the speciality retail
market
Acquirer: Infor Deal: $1.4B
SSA Global Technologies (1981, Chicago)
Manufacturing ERP software vendor.
Acquirer: Golden Gate Capital
Deal: $1B
Geac Computer Corporation (1971, Toronto)
Infor Enterprise Software Solutions for CRM, ERP,
SCM, EAM & More
Acquirer: Infor Deal: $375M
Mapics (1977, Alpharetta)
ERP software for manufacturers
Acquirer: Compuware Deal: $100M
PSA and PPM solutions

77
Before 2008
Acquirer: Agilisys
Acquirer: SSA Global Deal: $135M
Baan (1978, Barneveld)
ERP Vendor
Acquirer: Peoplesoft Deal: $1.7B
Acquirer: Microsoft Deal: $1.3B
Navision (1985, Vedbaek)
Integrated business software solution for SMBs

Most Active Acquirers
78
ERP > Exit Outlook > Most Active Acquirers

Date Target
Feb-16 Vorex Acq by Kaseya
Feb-16 Nubox Acq by Riverwood Capital
Jan-16 ProcessPro Acq by Open Systems
Dec-15 BatchMaster Software Acq by Accessa
Nov-15
Industrial and Financial Systems (IFS)
Acq by EQT Ventures
Nov-15 Junction Solutions Acq by RSM
Nov-15 Levesys Acq by JDM Technology Group
Aug-15 P&L Software Systems Acq by AMCS
Jul-15 Dancik International Acq by KerridgeCS
Jun-15 Iptor Acq by Marlin Equity Partners
Jun-15 IBS AB Acq by Marlin Equity Partners
Jun-15 Ordirope Acq by Gfi informatique
Jun-15
Syspro Acq by Wherewithal Partners
Inc.
Jun-15 oxaion Acq by Alpina Partners
Acqui-hires (1/2)
79
List of Acqui-hires in ERP
Excludes all details for Chinese companies
Date Target
Jul-18 DesertMicro Acq by AMCS
Apr-18
PP7 Affärssystem Acq by Vitec Software
Group
Mar-18 IndustryBuilt Software Acq by Aptean
Jan-18 Cypad Acq by ParentPay
Jan-18 Aviolinx Acq by Sdiptech
Dec-17 Lakeview Acq by KerridgeCS
Sep-17 WorkBook Acq by Deltek
Sep-17 Metis Acq by Brighter Connections Ltd
Aug-17 ECi Solutions Acq by Apax Partners
Jul-17 Ctuit Acq by Compeat
Jul-17
Hudman Acq by Advanced Computer
Software Group
May-17 Apprise Acq by Aptean
May-17
CRC Information Systems Acq by
Electronics for Imaging
Apr-17 Mikro Acq by Turkven
Date Target
Apr-17 Assistance Software Acq by Unit4
Apr-17 DIS Corp Acq by Constellation Software
Mar-17 ShipNet Acq by Volaris Group
Jan-17 Avanti Systems Acq by Ricoh
Dec-16 Valueframe Acq by Visma
Nov-16
Integrity Software Acq by Kerridge
Commercial Systems
Nov-16 Xtreme Software Acq by Accelerus
Sep-16 AircraftLogs Acq by Satcom Direct
Sep-16 TotalSoft Acq by Logo Yazılım
Aug-16 Farmeron Acq by Virtus Nutrition
Jul-16
Higher Concept Software Acq by Point of
Rental
May-16 Sylob Acq by Forterro
Mar-16 Easy POS Acq by Zopper
Feb-16
Influx ERP Solutions Acq by Indus Net
Technologies
ERP > Exit Outlook > Acqui-hires

Date Target
Jun-11 Exie Acq by Unit4
Jun-11 CSSP Acq by JDM Technology Group
Nov-10 Teta Acq by Unit4
Jun-10 Compiere Acq by Consona Corporation
Jun-10
Information Development Consultants
Acq by CDC Software
Jun-10 KerridgeCS Acq by NVM Private Equity
May-10 Idylis Acq by Divalto
Nov-09 Orange Loft Acq by BQE Software
Nov-09 ArchiOffice Acq by BQE Software
Aug-09
IFS MultiPlus Solutions AS Acq by
Industrial and Financial Systems (IFS)
Aug-09 Everest Acq by Versata
Dec-07
Mincron Software Systems Acq by
Briarcliff Solutions Group
Nov-07
TriTech Acq by West View Capital
Partners
Acqui-hires (2/2)
80
List of Acqui-hires in ERP
Excludes all details for Chinese companies
Date Target
Apr-15 BuilderMT Acq by MiTek Industries
Mar-15 RetailKit Acq by Spiraledge
Feb-15 FarmWizard Acq by Wheatsheaf
Feb-15 StoreFeeder Acq by Royal Mail Group
Feb-15
Integrity Software Acq by JDM
Technology Group
Jun-14 Autotask Acq by Vista Equity Partners
Jun-14 Axium Acq by Deltek
Mar-14 TrafficLive Acq by Deltek
Feb-14
Computer Guidance Acq by Explorer
Software
Feb-14 PC Scale Acq by AMCS
Nov-13 FactoryMaster Acq by Access Group
Nov-13 PROFITsystems Acq by Accellos
Aug-13 PRIAM Software Acq by Sanderson
Date Target
Jul-13 Aeros Acq by Cultura Tech
Mar-13 MarineCFO Acq by VerticaLive
Feb-13 Hydra Acq by eTask
Jan-13 Retail Pro International
Dec-12 Vivonet Acq by Marlin Equity Partners
Oct-12 Datawright Acq by KerridgeCS
Jun-12 Magstar Acq by Constellation Software
May-12
Progressive Solutions Incorporated Acq
by Solarsoft
May-12 Wynne Systems Acq by Volaris Group
Apr-12
Inmass Acq by -QUANTUM SOFTECH
GROUP
Apr-12
CDC Software Acq by Vista Equity
Partners
Feb-12 Tenrox Acq by Upland Software
Oct-11 Netvisor Acq by Visma
Jul-11 Mamut Software Acq by Visma
ERP > Exit Outlook > Acqui-hires
View all 104 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
81
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

ERP > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in ERP; Last 5 years (Aug 2013 - Jul 2018)
Index of Most Active VC & PE Investors
SEED STAGE
Inovia Capital
XAnge
Blackbird Ventures
Peak Ventures
South Central Ventures
Afore Capital
Altos Ventures Capital
Liquid 2 Ventures
Pelion Venture Partners
Rothenberg Ventures
Ankur Capital
Credo Ventures
Criatec 2
Odyssey Venture Partners
East Valley
EARLY STAGE
Inovia Capital
Square Peg Capital
Highland Europe
Notion
Valar Ventures
Accel-KKR
SoftBank Group
Kickstart Seed Fund
ARMADA Investment
Redalpine
XAnge
Perle Ventures
SRIW
IvyCap Ventures
LATE STAGE
Accel-KKR (2 Investments)
Caisse de depot et placement du Quebec
Runa Capital
MMC Ventures
Jasmine Social Investments
Movac
Punakaiki Fund
Aca Investments
Battery Ventures
Elvaston Capital Management
HgCapital

Inovia Capital
84
Portfolio in ERP | Exits | Funds Link | Website | LinkedIn | Twitter
ERP > Investors > Inovia Capital
Investments
[Soonicorn] Lightspeed POS (2005, Montreal, $292M, Series D)
SaaS based Retail Management Software and eCommerce platform
ERP Notable Portfolio
[Unicorn] AppDirect (2009, San Francisco, $246M, Series E)
White-labeled marketplace for selling cloud-based applications
[Soonicorn] Thalmic Labs (2012, Kitchener, $136M, Series B)
Developing wearable technology for interaction with computers.
[Soonicorn] Vidyard (2011, Kitchener, $60.6M, Series C)
Video marketing and analytics company
[Soonicorn] Clearpath Robotics (2008, Kitchener, $41.8M,
Series B)
Unmanned vehicle systems with multiple applications
[Soonicorn] Allocadia (2010, Vancouver, $24.5M, Series B)
Marketing Performance Management Platform
[Minicorn] Rubikloud (2013, Toronto, $45M, Series B)
BigData intelligence for retailers
[Minicorn] Busbud (2011, Montreal, $21M, Series B)
Bus-Ticket Booking Service Aggregator
[Minicorn] Street Contxt (2012, Toronto, $15M, Series B)
Financial Communications Platform
[Minicorn] Lenddo (2011, Singapore, $14M, Series B)
Alternative credit scoring
[Minicorn] ROSS Intelligence (2014, San Francisco, $8.8M,
Series A)
Legal Research technology
[Minicorn] Smooch (2015, Montreal East, $7.6M, Seed)
Integrated customer messaging software over social messaging apps,
SMS, web chat and in-app
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
May 2018
Lightspeed’s new CFO vows to help company become
“Canada’s next great technology story”, Montreal in
Technology
Nov 2017
Dax Dasilva on buying out investor Accel to deter
Lightspeed acquisition, BetaKit
Oct 2017
Lightspeed POS Raises $166 Million Round Led By La
Caisse – Techvibes, Techvibes
Sep 2017
Lightspeed Restaurant Achieves Oracle Validated
Integration with Oracle Hospitality OPERA Cloud Services,
PR Newswire
Sep 2017 Lightspeed Extends Lifepoints Availability, Research Live
Jul 2017
Lightspeed Promotes Carrea To Americas Ceo, Research
Live
May 2017
Lightspeed China Partners Closes Debut RMB Fund At
$87M Cap, China Money Network
Apr 2017
OnDeck Canada Announces Partnership With Point of
Sales Platform LightSpeed, Crowdfund Insider
Apr 2017
Lightspeed brings cloud-based tech to five notable new
restaurants in Canada and the US, Montreal in Technology
None
1 11
1
2013 2014 2015 2016 2017 2018
Follow On New Investments
-
-
1
-
1
Undisclosed
Series C+
Series B
Series A
Seed2
-
-
-
-
Canada

XAnge
85
ERP > Investors > XAnge
Investments
[Minicorn] Odooapps (2005, Brussels, $14.8M, Series B)
Open Source suite of Business Applications
ERP Notable Portfolio
[Unicorn] Etsy (2005, Brooklyn, $98M, Public)
Handicrafts marketplace
[Soonicorn] Currency Cloud (2012, London, $63.5M, Series D)
Cross-border payment services provider
[Soonicorn] Eptica (2001, Boulogne, $19M, Series B)
Omnichannel Customer Engagement Solutions
[Soonicorn] PrestaShop (2007, Levallois-perret, $14.6M, Series
B)
Open source e-Commerce Software
[Minicorn] Mister Spex (2007, Berlin, $69.6M, Series E)
Online eye-wear retailer
[Minicorn] Lydia Solutions (2011, Paris, $29.2M, Series B)
Money transfer app with a prepaid card.
[Minicorn] Evaneos (2009, Paris, $28.1M, Series C)
Online marketplace for booking personalized holiday packages
[Minicorn] AB Tasty (2011, Paris, $23.9M, Series B)
AB Testing SaaS Solution for Marketing Teams.
[Minicorn] Wandercraft (2012, Paris, $22.1M, Series B)
Developing an exoskeleton that helps impaired to walk
[Minicorn] VOSS (2003, Richardson, $22M, Series C)
UC&C service delivery software
[Minicorn] Studitemps (2008, Cologne, $17.3M, Series C)
Platform that connects university students to temporary and/or part-
time jobs
Top Exits Recent News on Fund & Portfolio
Apr 2018
Odoo Establishes a Joint Venture With Inspur to Anchor
Its Presence on the Chinese Market, PR Newswire
None
1 1
2013 2014 2015 2016 2017 2018
-
-
1
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
1
-
-
-
Europe
US

Blackbird Ventures
86
ERP > Investors > Blackbird Ventures
People
Investments
[Unicorn] Zoox (2013, Menlo Park, $800M, Series B)
Autonomous mobility company developing fully autonomous electric
vehicle
[Unicorn] Canva (2012, Surry Hills, $82.6M, Series B)
Online design platform
[Soonicorn] Culture Amp (2011, Melbourne, $76.3M, Series D)
Employee surveying platform
[Soonicorn] Bugcrowd (2012, San Francisco, $50M, Series C)
Crowdsourced Web Application Security Testing
[Soonicorn] Autopilot (2011, San Francisco, $35.5M, Series D)
Marketing automation platform for personalized multichannel
engagement
[Soonicorn] Redbubble (2006, San Francisco, $24.3M, Public)
Marketplace for artist designed products
[Minicorn] Shoes of Prey (2009, Sydney, $24.1M, Series B)
Online customization platform for shoes
[Minicorn] LIFX (2012, Melbourne, $12M, Series A)
Smart LED bulbs
[Editor's Pick] SafetyCulture (2004, Townsville, $77.5M, Series
C)
Mobile Audit solution for workplace safety management
[Editor's Pick] Karbon (2014, Sydney, $11.8M, Series A)
Cloud-based workflow management software for accountants and
accounting firms.
[Editor's Pick] Nura Headphones (2015, Melbourne, $6.4M,
Seed)
Headphones that automatically tune to user's profile
[Editor's Pick] Process (2013, San Francisco, $1.3M, Seed)
Documentation and optimisation to manage recurring tasks
Top Exits
Recent News on Fund & Portfolio
Niki Scevak
Co-Founder, Partner,
Managing Director,
and Managing Partner
Rick Baker
Co-Founder, Partner,
Managing Director,
and Director
Mar 2018
Accelo explains outage and delivers update to PSA
solution, Enterprise Times
Sep 2017
Accelo hauls in $9 million to digitize operations for
project-driven small businesses – TechCrunch,
TechCrunch
Jun 2015
AffinityLive Raises $2 Million to Continue Revolutionizing
How Professional Service Businesses Manage Client Work
, PRWebNone
11
2013 2014 2015 2016 2017 2018
-
-
-
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
US

Peak Ventures
87
ERP > Investors > Peak Ventures

Afore Capital
88
ERP > Investors > Afore Capital

Altos Ventures Capital
89
ERP > Investors > Altos Ventures Capital

Liquid 2 Ventures
90
ERP > Investors > Liquid 2 Ventures

Pelion Venture Partners
91
ERP > Investors > Pelion Venture Partners

Rothenberg Ventures
92
ERP > Investors > Rothenberg Ventures

Ankur Capital
93
ERP > Investors > Ankur Capital

Credo Ventures
94
ERP > Investors > Credo Ventures

East Valley
95
ERP > Investors > East Valley

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
96
Seed Stage
Early Stage
Late Stage

Inovia Capital
97
ERP > Investors > Inovia Capital

Square Peg Capital
98
ERP > Investors > Square Peg Capital

Highland Europe
99
ERP > Investors > Highland Europe

Notion
100
ERP > Investors > Notion

Valar Ventures
101
ERP > Investors > Valar Ventures

Accel-KKR
102
ERP > Investors > Accel-KKR

103
ERP > Investors > Bessemer Venture Partners

SoftBank Group
104
ERP > Investors > SoftBank Group

Kickstart Seed Fund
105
ERP > Investors > Kickstart Seed Fund

ARMADA Investment
106
ERP > Investors > ARMADA Investment

Redalpine
107
ERP > Investors > Redalpine

XAnge
108
ERP > Investors > XAnge

Perle Ventures
109
ERP > Investors > Perle Ventures

SRIW
110
ERP > Investors > SRIW

IvyCap Ventures
111
ERP > Investors > IvyCap Ventures

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
112
Seed Stage
Early Stage
Late Stage

Accel-KKR
113
ERP > Investors > Accel-KKR

114
ERP > Investors > Koch Equity Development

Caisse de depot et placement du Quebec
115
ERP > Investors > Caisse de depot et placement du Quebec

116
ERP > Investors > Insight Venture Partners

Runa Capital
117
ERP > Investors > Runa Capital

MMC Ventures
118
ERP > Investors > MMC Ventures

Jasmine Social Investments
119
ERP > Investors > Jasmine Social Investments

Movac
120
ERP > Investors > Movac

Punakaiki Fund
121
ERP > Investors > Punakaiki Fund

Aca Investments
122
ERP > Investors > Aca Investments

Battery Ventures
123
ERP > Investors > Battery Ventures

124
ERP > Investors > CPP Investment Board

HgCapital
125
ERP > Investors > HgCapital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
126
Incubators
Other Notable Investors
Debt Investors

ERP > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in ERP; Q2 2013 - Q2 2018
Index of Ecosystem Investors
INCUBATOR
500 Startups (3 Investments)
Innovacorp (2 Investments)
TNB Ventures (2 Investments)
Amrita TBI
HIGHLINE
Startup Wise Guys
Thrive Agtech
TLabs
OTHER NOTABLE INVESTORS
Level Equity (2 Investments)
Main Street Capital (2 Investments)
Technology Crossover Ventures (2
Investments)
Wayra (2 Investments)
33Capital
9Mile Labs
Aspiring Asset Management
Advent International
AltaOne Capital
Apax Partners
Arrowroot Capital
Aura Group
Axis Mutual Fund
Banneker Partners
BDC Capital
DEBT INVESTORS
Lighter Capital (3 Investments)
Silicon Valley Bank (3 Investments)
Siparex (2 Investments)
Ardian
Columbia Lake Partners
Tikehau Capital

Tracxn - ERP Startup Landscape

Tracxn - ERP Startup Landscape

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