InvestCloud Recapitalizes at $1 Billion and Integrates Two New Businesses

Led by Motive Partners and Clearlake Capital, new investors partner to create next-generation SaaS wealth solutions platform

San Francisco – February 11, 2021 – Cooley advised fintech firm InvestCloud on a recapitalization that values the company at $1 billion. New financial investors are led by Motive Partners with Clearlake Capital Group and include other InvestCloud client shareholders. Under the terms of the agreement, Motive Partners will also contribute two portfolio businesses, Finantix and Tegra118, into InvestCloud, creating a global software-as-a-service wealth solutions platform. Cooley lawyers Kassendra Galindo, Garth Osterman and Rachel Proffitt led the team advising InvestCloud.

“At a valuation of $1 billion, we can reward early investors in the business, while injecting new capital to fuel the next stage of our growth, further supporting our clients' needs,” John Wise, InvestCloud’s co-founder and CEO, said in a news release. He added that the partnership with Motive Partners and Clearlake, as well as the Tegra118 and Finantix businesses and their teams, enable InvestCloud to accelerate “plans to build platforms serving the main markets in global wealth and asset management, each utilizing the proven SaaS design principles, architecture and data models of the InvestCloud platform.”

InvestCloud specializes in digital platforms that enable the development of financial solutions pre-integrated into the cloud. The company offers on-demand client experiences and intuitive operations solutions using an ever-expanding library of modular apps, resulting in powerful products.

In addition to their established reputations, blue-chip customer base and rich functional capabilities, the addition of the Finantix and Tegra118 businesses further establishes InvestCloud as a leader in the wealth and asset management marketplace. InvestCloud will now have in excess of $4 trillion of assets on its platform and $285 million in revenues, with a team of 900+ people and a truly global footprint, by adding locations and expert knowledge of continental European and Asian markets.

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Related Contacts
Kassendra Galindo Associate Colorado
Garth Osterman Partner San Francisco
Rachel Proffitt Partner San Francisco
Jonathan Rivinus Partner Colorado
Alessandra Murata Partner Palo Alto
Tanisha A. James Partner New York, Washington, DC
Keith Berets Partner Colorado
Shannan Higgins Special Counsel Colorado
Karen Tsai Special Counsel Washington, DC
Seth Holoweiko Associate Colorado
Casey Warsh Associate Colorado
Benjamin D. Clark Associate Washington, DC
Alexander Ellebracht Associate Palo Alto
Rubin Waranch Associate Washington, DC
Allison Kutner Associate New York
Gabrielle Whitehall Associate Washington, DC