SkinCure Oncology Closes $30M equity financing

An early Fountain Partners’ client, SkinCure Oncology announced a $30M growth equity round with Seacoast Capital on September 24, 2019.  SkinCure’s turnkey model for the delivery of Image-guided Superficial Radiation Therapy (IG-SRT) has proven to be a great fit with quality-focused dermatologists and Mohs surgeons.  By working with physician partners, SkinCure is able to bring cancer center level radiation therapy for the treatment of non-melanoma skin cancers to local doctor’s offices.  SkinCure Oncology has facilitated the treatment of more image guided superficial radiation therapy patients than any other group in the...

AirBnB and Lyric announce $160M investment round

Long time Fountain client Lyric announced closing of a $160M equity round led by AirBnb. AirBnb is now widely known as the San Francisco based decacorn expected to complete an initial public offering in 2019.  Fountain Partners provided Lyric with its first line of credit to furnish its properties in early 2016.  Lyric disclosed that that current investors including NEA, SignalFire, FifthWall, and Tusk Ventures participated along with new investors Tishman Speyer, RXR Realty, Obvious Ventures, SineWave, and former top Twitter executives Dick Costolo and Adam Bain.  Here is a in depth article on the...

Thoma Bravo buys majority stake in Apttus

Thoma Bravo agreed to buy a majority stake in Apttus, a San Mateo, California based provider of quote-to-cash business process automation solutions that had raised over $400 million in venture capital funding (most recently at a $1.8 billion valuation). Backers included Premji Invest, Salesforce Ventures, K1 Capital, Iconiq Capital, IBM Ventures and Kuwait Investment...

MediaMath Closes Equity Round

MediaMath added $225 million in equity financing from Searchlight Capital LP.  MediaMath helps leading global marketers deliver personalized digital advertising across all connected touchpoints. Over 9,500 marketers in 42 countries use their enterprise software every day to launch, analyze and optimize their digital advertising campaigns across mobile, video, audio, social, native, digital out of home and Advanced TV...

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...