Sumeru Equity Partners, a San Mateo, Calif.-based PE firm that typically targets tech companies in Europe and North America, has agreed to invest $200 million in Toronto-based Loopio and lead a $100 million strategic round for Vancouver, Canada-based Tasktop.
Loopio, which provides software designed to streamline request for proposals, security questionnaires and other documents, raised $9 million in a 2018 Series A led by OpenView Venture Partners.
Tasktop, the provider of a value stream management platform that helps companies with software development and delivery, has raised almost $32 million in prior funding from investors including JettyCove, Yaletown Partners and Elsewhere Partners.
Sumeru’s new investments follow two March add-on deals: Mobikit, a cloud-based platform offering data infrastructure for connected vehicles, and Alcami Interactive, a provider of on-demand video interviewing services.
Read more/Source: Pitchbook
