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Venture Capital
grandbankscapital.com

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Investments

80

Portfolio Exits

15

Funds

2

Service Providers

1

About GrandBanks Capital

GrandBanks Capital partners with entrepreneurs to create and build companies. It guides entrepreneurs in the direction of market leadership, utilizing the team's early-stage investing experience and broad network of contacts through some of the industry sectors. These markets include Internet infrastructure, software and software services, security and storage applications, media technologies and services, financial technologies and services, and wireless technologies and services

GrandBanks Capital Headquarter Location

65 William Street Suite 330

Wellesley, Massachusetts, 02481,

United States

781.997.4300

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Latest GrandBanks Capital News

Vista Equity Partners Backs Dispatch to Partner for Growth and Empower the Modern Field Service Experience

Sep 17, 2018

September 17, 2018 10:00 AM Eastern Daylight Time BOSTON--( BUSINESS WIRE )--Dispatch, a leading field service leader and customer experience pioneer, announced today it has received a strategic investment from Vista Equity Partners (“Vista”) with participation from existing investor GrandBanks Capital. Vista is a leading global investment firm focused on software, data, and technology-enabled companies. Vista provides companies and management teams with the capital, access, and infrastructure needed to scale effectively to compete and succeed in today’s digital economy. The investment in Dispatch comes from Vista’s Endeavor Fund, which focuses on emerging, high-growth companies with mission-critical enterprise software and data solutions seeking to expand their innovation and impact in the markets they serve. The Dispatch field service platform powers more than a million jobs per month for some of the most iconic home service brands in the world. Dispatch plans to leverage the funding to enhance its suite of products, expand partnerships, and hire across all departments in their Boston headquarters. “Home service companies have long struggled to meet customer expectations. Companies like Uber and Amazon have raised the bar even further for how a business should interact with its customers,” said Avi Goldberg, Founder and CEO of Dispatch. “We started Dispatch to bring the same consumer-first technology to the home service market. We do so by seamlessly connecting brands, service providers, and homeowners together, creating a modern, interactive customer experience. This results in two things: happy homeowners and brands with deep insights into their service delivery networks. We’re excited to continue this mission, and specifically chose to partner with Vista because of their strong track record for growing successful SaaS companies around the world.” “We are thrilled to partner with the Dispatch team to help accelerate growth and continue to enhance the value they bring to home service providers,” said Rene Yang Stewart, Principal at Vista Equity Partners and Co-Head of the Vista Endeavor Fund. “Dispatch has established a unique position in their ability to connect homeowners, enterprise brands, and service providers which creates a strong platform that we’re excited to help grow and innovate with the Dispatch team.” “Over the past four years we have seen Dispatch’s business grow dramatically and become a market leader in field services delivery,” said Tim Wright, General Partner at GrandBanks Capital. “We are excited to continue this momentum and expand the vision, which is why we introduced Dispatch to Vista Equity Partners.” About Dispatch Founded in 2013 and headquartered in Boston, Dispatch is a customer-centric service logistics company that is transforming the field service landscape. Through persona-based mobile and web applications, robust platform API's and both cloud/on-premise connectors, Dispatch helps enterprises collect and strategically leverage data about the last mile of the service delivery process. As the service industry shifts towards a more flexible and non-dedicated workforce, Dispatch’s easy to implement, extensible platform connects the enterprise, service provider and customer together to create a world-class service experience that surpasses the rising expectations of the modern-day market. About Vista Equity Partners Vista Equity Partners, a U.S.-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland, currently invests in software, data and technology-enabled organizations led by world-class management teams with long-term perspectives. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies' realization of their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com About GrandBanks Capital GrandBanks Capital partners with entrepreneurs to create and build dominant, market-leading companies through our established experience set, operating expertise and insight, and extensive top-level industry relationships. Understanding the challenges that arise when building a world-class company, GrandBanks Capital guides entrepreneurs in the direction of market leadership by utilizing the team's early-stage investing experience and broad network of contacts through some of the fastest growing industry sectors. For more information, please visit www.grandbankscapital.com .

GrandBanks Capital Investments

80 Investments

GrandBanks Capital has made 80 investments. Their latest investment was in Katmai as part of their Unattributed VC on May 5, 2022.

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GrandBanks Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/10/2022

Unattributed VC

Katmai

$17.31M

Yes

1

2/23/2021

Unattributed VC

Beamable

$5M

No

2

5/13/2019

Series A

Urban Umbrella

$1.43M

Yes

1

10/31/2018

Bridge

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$99M

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10

9/17/2018

Series B

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10

Date

5/10/2022

2/23/2021

5/13/2019

10/31/2018

9/17/2018

Round

Unattributed VC

Unattributed VC

Series A

Bridge

Series B

Company

Katmai

Beamable

Urban Umbrella

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Amount

$17.31M

$5M

$1.43M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

2

1

10

10

GrandBanks Capital Portfolio Exits

15 Portfolio Exits

GrandBanks Capital has 15 portfolio exits. Their latest portfolio exit was Coherent Path on February 16, 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

2/16/2022

Acquired

$99M

1

12/15/2021

Acquired

$99M

2

11/9/2021

Acq - Fin

$99M

2

10/9/2019

Merger

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$99M

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10

1/29/2019

Acquired

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$99M

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10

Date

2/16/2022

12/15/2021

11/9/2021

10/9/2019

1/29/2019

Exit

Acquired

Acquired

Acq - Fin

Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

2

2

10

10

GrandBanks Capital Fund History

2 Fund Histories

GrandBanks Capital has 2 funds, including GrandBanks Capital Venture Fund II LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/2/2009

GrandBanks Capital Venture Fund II LP

Early-Stage Venture Capital

Open

$85M

1

11/17/2000

GrandBanks Capital Venture Fund LP

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$99M

10

Closing Date

3/2/2009

11/17/2000

Fund

GrandBanks Capital Venture Fund II LP

GrandBanks Capital Venture Fund LP

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$85M

$99M

Sources

1

10

GrandBanks Capital Service Providers

1 Service Provider

GrandBanks Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

GrandBanks Capital Team

3 Team Members

GrandBanks Capital has 3 team members, including current General Partner, Timothy J. Wright.

Name

Work History

Title

Status

Ryan R. Moore

Founder

Current

Timothy J. Wright

General Partner

Current

Michael K Baker

DataXu, Nokia, Enpocket, and CMGI

Chief Operating Officer

Former

Name

Ryan R. Moore

Timothy J. Wright

Michael K Baker

Work History

DataXu, Nokia, Enpocket, and CMGI

Title

Founder

General Partner

Chief Operating Officer

Status

Current

Current

Former

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