7 place 18

196 A Battery Ventures Buyout Shows VC-to-PE Path

The Information
Cory Weinberg @ The Information 2 place · 12/31/2024 17:13 EDT

Here’s a deal scoop to wrap up the year: RetailNext, a 17-year-old startup that sells smart cameras to bricks-and-mortar retailers for measuring foot traffic, sold earlier this month to multistage investment firm Battery Ventures, people familiar with the matter said. The transaction might sound small, but it could have bigger implications for what’s to come in venture-backed mergers and acquisitions.Battery’s private equity arm paid between $100 million and $200 million for the firm, one of the people said

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