Zuora Acquisition, Valuation, Funding & Investors

ServiceTitan Inc is an end-to-end technology platform built for contractors to transform the performance of their businesses. The Company’s platform provides business owners, technicians, customer service representatives and other key office staff with technology tools designed to help customers grow revenue, drive operational efficiencies, deliver a superior end-customer experience and monitor key business drivers in real-time. The Company also has subsidiaries in Yerevan, Armenia and British Columbia, Canada that primarily serve as research and development and support centers.

Freee KK is a developer of cloud-based software. Its software products include Cloud Accounting software, Cloud HR Labor software, Cloud ERP for Midsize companies, among others.

HighRadius is a Houston-headquartered provider of cloud-based autonomous finance software for the Office of the CFO. Its platform automates accounts receivable, treasury, and record-to-report processes for industries including manufacturing, distribution, consumer products, and energy. HighRadius serves over 1,000 enterprises worldwide with AI-driven cash application and credit management tools.

Totvs SA is a provider of information technology solutions to small and medium enterprises in the education, government, healthcare, and retail end markets. The Company's business purpose is to provide business solutions for companies of all sizes, through the development and sale of management software, productivity platforms, collaboration, and data intelligence, digital marketing, as well as the provision of implementation, consulting, advisory, maintenance services, e-commerce, and mobility. The Company operates in three reportable segments, which include the TOTVS Management segment, the RD Station segment, and the TOTVS Techfin segment. The majority of its revenues is generated from the TOTVS Management segment.

Pennylane is a cloud-based financial operations platform automating accounting, invoicing, and expense management for European SMEs. Paris-headquartered since 2019, it integrates bank feeds, payroll, and tax compliance tools from providers like Stripe and Qonto, serving over 200,000 businesses across France.

The Sage Group is a U.K.-based provider of accounting and enterprise resource planning, or ERP, software, predominantly to customers in the U.S. and Europe. The company was founded in 1981 and historically sold on-premises software products with perpetual software licenses. However, the company is transitioning toward cloud connected and cloud native products, sold via software-as-a-service, or SaaS, contracts. Sage’s main cloud native products include Sage Accounting, for small businesses, and Sage Intacct, which Sage acquired in 2017, for midsize businesses.

Workday is a software company that offers human capital management, financial management, and business planning solutions for enterprises. Known for being a cloud-only software provider, Workday was founded in 2005 and is headquartered in Pleasanton, California.

Qualia is a San Francisco-headquartered digital platform for real estate closings and refinances. Its cloud-based closing rooms consolidate documents, e-signatures, and payments for buyers, sellers, lenders, title agents, and realtors on a secure remote system. Launched in 2015, the company holds ALTA Elite Provider status and offices in Austin and Superior, Colorado. Qualia leads in cybersecurity as the first tech member of the Coalition to Stop Real Estate Wire Fraud.

Juniper Square is a San Francisco-headquartered software platform for private market fund managers providing investor portals, CRM, automated accounting, and compliance tools. It streamlines fundraising through digital subscription documents, wire tracking, and performance reporting for real estate, private equity, and venture funds. The company serves over 1,000 firms managing $3 trillion in assets with AI-powered insights and mobile access for investor relations.

TravelPerk is a Barcelona-headquartered business travel management platform that combines booking for flights, hotels, and car rentals with policy compliance, expense reporting, and 24/7 support. The all-in-one tool serves corporate teams across Europe and beyond, integrating with expense systems for streamlined operations.

Stockholm Nordtech Group AB develops and acquires small and medium sized companies that provide mission-critical B2B software solutions in resilient niche markets. Its portfolio includes software businesses serving a range of industries across the Business Platforms, Operational Solutions, and Public Infrastructure segments. The majority of revenue is derived from the Operational solutions segment. The company's software products are used in customer operations and include recurring-revenue business models. The company also supports the adoption of artificial intelligence technologies across its portfolio companies. Its operating model combines ownership oversight with decentralized operations, allowing portfolio companies to manage their day-to-day activities independently.

Rippling is a San Francisco-headquartered workforce management platform that integrates HR, payroll, IT, and finance in one system. Founded in 2016, the company automates onboarding, benefits, device management, expense tracking, and compliance for global teams at over 100,000 organizations including Shopify and DoorDash. Its API ecosystem connects with 500-plus apps for seamless operations.

Founded in Germany in 1972 by former IBM employees, SAP is the world’s largest provider of enterprise application software. Known as the leader in enterprise resource planning software, SAP’s portfolio also includes software for supply chain management, procurement, travel and expense management, and customer relationship management, among others. The company operates in more than 180 countries and has more than 400,000 customers, approximately 80% of which are small to medium-size enterprises.

BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company’s solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States.

FloQast is a financial close management software platform used by accounting teams at mid-market companies. It automates checklists, reconciliations, and flux analysis integrating with NetSuite, QuickBooks Online, and SAP. Firms like HelloFresh and Activision employ FloQast to shorten month-end closes from weeks to days. Headquartered in Los Angeles, the tool provides audit trails and sign-off workflows for SOX compliance.

Lighter is a San Francisco-based developer of financial software for on-chain treasury management. The platform supports stablecoin payments, yield optimization, and compliance reporting for DAOs and Web3 teams. Launched in 2023, Lighter integrates with Ethereum, Solana, and Base, handling over $100 million in assets for protocols like Aave and Uniswap.

London-headquartered Tide is a business banking platform offering current accounts, invoicing tools, expense tracking, payroll processing, and integrations with accounting software like Xero and QuickBooks. The service supports company registration, virtual and physical Mastercard debit cards, savings pots with interest, and access to loans via partnerships with lenders such as iwoca. Tide serves over 500,000 businesses across the UK with features including real-time payments, automated VAT reconciliation, and fraud monitoring.

HBX Group International PLC is a travel-technology marketplace. The company is engaged in the intermediation of hotel accommodations and complementary travel products between travel suppliers and travel distributors. With the help of its subsidiaries, the Group also assists hotels in optimising their direct online channel, creating booking engines, and supporting digital marketing. The company's maximum revenue is derived from hotel bookings. The company connect between supply and demand, empowering businesses and their travellers, with choice and confidence.