Apttus raises $75 million

Since Fountain Partners first provided financing to Apttus in 2014 the San Mateo company has expanded its product set and customer counts at an accelerating rate. Apttus has grown way beyond “quote to cash” software to a full suite including contract management, revenue management, price quote optimization and more. Apttus had been reported to be planning for an IPO during 2017 following a $55 million equity round that valued the company in excess of $1 billion. In May, 2018 Golub Capital announced that it had provided $75 million in debt financing to...

Norwest Venture Partners Invests $20 million in Onsite Dental

Norwest Venture Partners has a strong tradition in healthcare investing and is carrying that forward at the start of 2018 with their investment in Onsite Dental.  Fountain Partners has been a creative non-dilutive partner in so many different situations but Onsite provided a new opportunity to finance the actual physical dental practice – not just the chairs and equipment but the entire building on wheels.  Onsite had been saving employees in Silicon Valley and across the country precious time by providing their dental practices (on wheels) in the parking lots right outside their clients workplace.  Companies like Intel, Boeing, SpaceX, LinkedIn, eBay, Facebook and others choose Onsite to bring dental services to their...

Urban Remedy closes $17 million round led by 301 Ventures

Urban Remedy produces excellent tasting, good for you, non GMO, fresh beverages, meals and snacks out of Point Richmond in the bay area. The company has had Fountain’s support since 2016 when we helped fund the company’s plans to double its number of retail locations and expand product distribution throughout all NorCal Whole Foods and eventually all of Southern California as well. We welcome General Mill’s 301 Ventures arm to the equity syndicate backing the next leg of growth for this great local success story. Learn more at...

Tesla Supplier Futuris Acquired by Adient

Adient announced that it completed the acquisition of Futuris for $360 million.  Futuris had been spun out of an Australian holding company with backing from Merv Dunn and Clearlake Capital.   Fountain Partners became involved when Futuris began supplying seating for Tesla’s Model S.  Fountain financed the initial set of equipment in Tesla’s Fremont factory as well as Futuris’ build out of its new space in...

Investors digest Alibaba $120M investment in Kabam

The days and weeks following the conclusion and public announcement of Alibaba have been helpful as expected in helping Kabam CEO and founder Kevin Chou and the Kabam team broaden awareness for the game company’s capabilities and potential.  Media including our great 50 Cal neighbors at VentureBeat have given updated treatments of Kabam’s positioning and Alibaba’s positioning.  Bottom up equity public investors have so many points of reference available to them in relation to Alibaba.  On one hand there are those minds who upon awareness of the Alibaba IPO may have been tempted to project Alibaba as the prime investment vehicle to allocate money to high quality Chinese related info-tech-media-commerce.  Some on CNBC have speculated about the company’s future ability to acquire companies.  This helps grease some investors imaginations or point to option valuation thinking for more formal investors.   At the same time, Kevin has talked about (and even written on LinkedIn) how painstaking the entire process was to meet, engage with, and educate Alibaba team members in order to put the company in position to decide whether or not to forge a partnership in the form of investment.  People who are new to investing in corporate equities can broaden their awareness of what it is like for acquisitive companies like Alibaba, Google, Apple, Facebook and many others to spend time and energy pursuing an investment or acquisition by reading Kevin’s post...