Tech Company Financing Transactions
Tredence Funding Round
Tredence, based in San Jose, secured $175 million from Advent International.
Transaction Overview
Company Name
Announced On
2/9/2023
Transaction Type
Venture Equity
Amount
$175,000,000
Round
Series B
Investors
Advent International (Lead Investor)
Proceeds Purpose
The buyback will include over 270 employees globally. Eligible employees will participate in the repurchase and liquidate 40% of their vested ESOP units. At 5x the book price of each unit, this program provides liquidity options and will be a wealth-creation opportunity for the organization's leading employees.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
1900 Camden Ave. 66
San Jose, CA 95124
USA
San Jose, CA 95124
USA
Phone
Website
Email Address
Overview
Tredence focuses on last mile delivery of insights into actions by uniting its strengths in business analytics, data science, and software engineering. The largest companies across industries are engaging with Tredence and deploying its prediction and optimization solutions at scale - empowering end users to improve decision making.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Shub Bhowmick
Chief Technical Officer
Sumit Mehra
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