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Asset/Investment Management
FINANCE | Investment Firms & Funds
digitalalpha.net

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Investments

14

Portfolio Exits

2

Funds

3

Partners & Customers

6

About Digital Alpha Advisors

Digital Alpha Advisors is an investment firm focused on infrastructure, services, and solutions required by the rapidly accelerating Digital Economy.

Digital Alpha Advisors Headquarter Location

3535 Executive Terminal Dr

Henderson, Nevada, 89052,

United States

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Latest Digital Alpha Advisors News

Unitas Global Acquires INAP's Network Business Assets

May 9, 2022

The Acquisition Creates a Powerful Next Generation Networking Platform with Thousands of New Enterprise Customers May 09, 2022 07:30 AM Eastern Daylight Time CHICAGO--( BUSINESS WIRE )-- Unitas Global, a Digital Alpha portfolio company, announces today that it has acquired INAP’s Network Business assets, including INAP Japan, enhancing its portfolio of network service offerings that enable hybrid cloud environments. The combination of these two companies creates a high-growth next generation networking platform focused on simplifying the way customers buy network connectivity to enable the seamless movement of data between various cloud and on-premises environments. The combination of the INAP network technologies, including its patented, intelligent routing software, Managed Internet Route Optimizer (MIRO), with Unitas Global's automated design and pricing platform, Unitas Nexus™ , and its global network, Unitas Reach™ , creates a compelling offer to meet the needs of enterprises modernizing their digital infrastructure. In addition, this acquisition provides Unitas Global with a significant expansion of over a thousand multinational enterprise customers as well as global network serving 18 markets with Performance IP™. "We are thrilled to have completed the acquisition of INAP's Network Business and excited to welcome their customers, vendors and employees to the Unitas Global team," comments Patrick Shutt, CEO of Unitas Global. "The disruptive nature of Unitas' networking services strategy that enables hybrid cloud environments has become increasingly self-evident in the market. This acquisition is the next step to become the market leader redefining an agile hybrid cloud for the enterprise," comments Grant Kirkwood, CTO of Unitas Global. An additional benefit of the transaction is the synergy of INAP becoming a strategic customer of Unitas Global. INAP will continue to offer high-performance connectivity services alongside its colocation and cloud solutions, further expanding its portfolio with Unitas Reach™ network transformation solutions, including the most recent alliance announcement with PacketFabric. “The transaction is a true win-win for everyone involved. Unitas Global will continue to provide the high-quality services that customers enjoy today while investing in new solutions to enable further network transformation tomorrow," comments Mike Sicoli, CEO of INAP. "We also look forward to partnering with Unitas Global to bring an expanded portfolio of connectivity offerings to our colocation and cloud customers." "The acquisition of INAP’s Network Business assets is a powerful proof point of Digital Alpha's commitment to investing in and developing transformative next generation networks that provide a more holistic networking-as-a-service solution in the currently fragmented marketplace," states Rick Shrotri Managing Partner of Digital Alpha Advisors. For more information, visit: https://www.unitasglobal.com/ About Unitas Global Unitas Global is a next-generation network service provider offering automated ubiquitous edge access to cloud everywhere. The combination of its Unitas Nexus™ platform and global Unitas Reach™ network provides the most transformative network environments that are easy to design, procure, and fully managed. Analyzing price and performance requirements in real-time makes Unitas Nexus™ one of the most advanced go-to-market platforms for MSPs, hyperscale cloud providers, and datacenter operators worldwide. Unitas Reach™ access, IP, and SDN provide cost-optimized network connectivity with the agility needed to scale quickly and support the growing demands of applications on network architectures, performance, and costs. Unitas Global is a Digital Alpha Advisors portfolio company. Learn more at unitasglobal.com or connect with Unitas at LinkedIn , Twitter , and its Blog . About INAP INAP is a global provider of performance-driven, secure hybrid infrastructure solutions, enabling technology leaders to simplify their cloud journeys and accelerate innovation. INAP's expansive suite of bare metal cloud, modern data center, optimized network and security solutions help businesses flexibly and reliably move workloads to the right destination at the right time to maximize the results of their IT strategy. For more information, visit www.inap.com About Digital Alpha Advisors, LLC Digital Alpha Advisors, LLC is an investment firm focused on digital infrastructure required by the rapidly expanding digital economy, with total assets under management of over $1.5B. The firm has a strategic collaboration agreement with Cisco Systems, Inc. and has partnered with other leading Silicon Valley firms. Digital Alpha believes it is the first firm focused on making private equity investments in the significant growth opportunities required to underpin the Digital Economy, including next generation communications networks, IoT platforms for urban infrastructure, and cloud-based data management platforms. Digital Alpha was founded in 2017 by Rick Shrotri, former Head of the Global Infrastructure Funds (GIF) team at Cisco, and closed its latest Fund – Digital Alpha Fund II, LP – in early 2021. For more information, please visit www.digitalalpha.net . Contacts Ilissa Miller

Digital Alpha Advisors Investments

14 Investments

Digital Alpha Advisors has made 14 investments. Their latest investment was in Sharecare as part of their PIPE on July 7, 2021.

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Digital Alpha Advisors Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/1/2021

PIPE

Sharecare

$425M

Yes

1

6/22/2021

Series B

Quantela

$40M

No

7

2/23/2021

Convertible Note

PacketFabric

$13.84M

No

3

1/7/2021

Unattributed

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$99M

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10

9/10/2019

Line of Credit

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$99M

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10

Date

7/1/2021

6/22/2021

2/23/2021

1/7/2021

9/10/2019

Round

PIPE

Series B

Convertible Note

Unattributed

Line of Credit

Company

Sharecare

Quantela

PacketFabric

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Amount

$425M

$40M

$13.84M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

7

3

10

10

Digital Alpha Advisors Portfolio Exits

2 Portfolio Exits

Digital Alpha Advisors has 2 portfolio exits. Their latest portfolio exit was UKCloud on January 21, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/21/2022

Acquired

$99M

4

8/3/2021

Acquired

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$99M

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10

Date

1/21/2022

8/3/2021

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

4

10

Digital Alpha Advisors Acquisitions

2 Acquisitions

Digital Alpha Advisors acquired 2 companies. Their latest acquisition was Unitas Global - Connectivity Business on April 18, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/18/2022

$99M

Acquired Unit - Fin

1

12/9/2021

Debt

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$99M

$99M

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10

Date

4/18/2022

12/9/2021

Investment Stage

Debt

Companies

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Valuation

$99M

$99M

Total Funding

$99M

Note

Acquired Unit - Fin

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Sources

1

10

Digital Alpha Advisors Fund History

3 Fund Histories

Digital Alpha Advisors has 3 funds, including Digital Alpha Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/21/2021

Digital Alpha Fund II

$1,000M

4

Digital Alpha Overflow Fund 1

10

Digital Alpha Fund II-A

10

Closing Date

4/21/2021

Fund

Digital Alpha Fund II

Digital Alpha Overflow Fund 1

Digital Alpha Fund II-A

Fund Type

Status

Amount

$1,000M

Sources

4

10

10

Digital Alpha Advisors Partners & Customers

6 Partners and customers

Digital Alpha Advisors has 6 strategic partners and customers. Digital Alpha Advisors recently partnered with Sharecare on February 2, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

2/19/2021

Partner

United States

Sharecare : and Digital Alpha announce a strategic collaboration to strengthen the nexus of healthcare and digital infrastructure across America

In addition to bringing Sharecare differentiated expertise and relationships in sustainable communities to help states , cities , and counties meaningfully improve community well-being , Digital Alpha Advisors , LLC will commit $ 100 million in outcome-based financing to communities in an effort to help accelerate and deploy the digital infrastructure necessary for them to address , in partnership with Sharecare , the growing demand for expanded access to high-impact solutions that improve health outcomes at scale .

2

10/8/2020

Vendor

United States

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10

10/8/2020

Partner

United States

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10

8/27/2019

Partner

United States

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10

8/21/2019

Partner

United States

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10

Date

2/19/2021

10/8/2020

10/8/2020

8/27/2019

8/21/2019

Type

Partner

Vendor

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Sharecare : and Digital Alpha announce a strategic collaboration to strengthen the nexus of healthcare and digital infrastructure across America

In addition to bringing Sharecare differentiated expertise and relationships in sustainable communities to help states , cities , and counties meaningfully improve community well-being , Digital Alpha Advisors , LLC will commit $ 100 million in outcome-based financing to communities in an effort to help accelerate and deploy the digital infrastructure necessary for them to address , in partnership with Sharecare , the growing demand for expanded access to high-impact solutions that improve health outcomes at scale .

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Sources

2

10

10

10

10

Digital Alpha Advisors Team

1 Team Member

Digital Alpha Advisors has 1 team member, including current Managing Partner, Rick Shrotri.

Name

Work History

Title

Status

Rick Shrotri

Managing Partner

Current

Name

Rick Shrotri

Work History

Title

Managing Partner

Status

Current

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