How are things going so far in investment this year? Q2 looked like it was going to be a blockbuster, and it delivered to the tune of almost $2.1 billion in investment, bringing the total investment for the year to a little under $3.8 billion, which is close to matching last year's $4.009 billion.
Looking back at July, there were lots of big names, big dollars and big news in headlines. Here’s our attempt at making sense of the all the big numbers.
The Top-line Context
Jobvite picked up an investment of $200 million and is using it to acquire three smaller companies:
- Talemetry (recruitment marketing)
- RolePoint (employee referrals and in-company moves)
- Canvas (a text-based conversational screening bot)
Post-acquisition, the combined company will have north of 2,000 customers. No valuation was disclosed in this deal. As noted by TechCrunch, the last valuation of Jobvite is pretty old — September 2014 — and was around $150 million, although the company has never confirmed that.