Market sentiment in H1 2022 was dictated by inflation and falling public markets, however the core growth-stage tech capital markets remain intact as unprecedented dry powder availability continues to enable deals to get done. Despite the valuation pullback relative to 2020 and 2021, deal volume is still in line or ahead of pre-pandemic levels as the market for quality assets persists.

1. 1
Member FINRA & SIPC
© 2021 Madison Park Group
Connect with us
August 2022
Market Update
H1 2022 Growth-Stage Tech Capital Markets
Insights

2. 2
Table of Contents
H1 2022 Growth-Stage Tech Capital Markets Update
To View Section, Click Section Name
I. Venture Markets
II. Growth Equity Markets
III. Public Markets
IV. Debt Capital Markets
V. About Us
14
4
20
9
17

3. 3
H1 2022 Funding Activity
Private Placements Continue to Drive Market Activity, While Debt Raise Activity
Slows as Interest Rate Concerns Persist
To View News, Click On Source Logo
• H1 2022 venture capital activity in the U.S. reached a total of $144.2b (▼3.9% from H1 2021) on 9,421 deals (▲12.1% from H1 2021)
• Investors have focused on raising larger vehicles pushing total announced raises to $135b in H1 2022, at an average of $287m+ per fund
• Dry powder overhangs have swelled with $835b+ in venture, growth, and private debt capital waiting in the wings
Notable Deal Announcements
Early-Stage Raises(1)
Sources: News publications per source logo, PitchBook
(1) Early-Stage Raises are defined as Series A-C
(2) Late-Stage Raises are any raise Series D and beyond
Growth Deals
Velocity Global Nabs
Multibillion Value with $400m
(Series B) Raise
May 2022
The Fintech Ramp is Valued at
$8.1b After Financing (Series C)
March 2022
IoT Data Specialist Kinexon
Reels in $130 Funding Round
(Series A)
April 2022
Route Gets Its Horn Following
$200m Series B, Hiring for 55+
Roles
January 2022
Juni Jumps on $206m (Series B
+ Debt) to Help E-commerce
Players Manage Their Own
Money Better
June 2022
German Startup Personio
Raises $200m at $8.5b
Valuation (Series E)
June 2022
Checkout.com Hits $40b
Valuation After Funding Round
(Series D)
January 2022
Project44, a Supply-Chain Tech
Startup, Raises $420m (Series F)
January 2022
Crypto Custodian Fireblocks
Raises $550m at $8b Valuation
(Series E)
January 2022
Flexport Valuation More Than
Doubles to $8b After
Andreessen, MSD-led Funding
(Series E)
February 2022
Data Management Vendor
Ataccama Receives $150m
Infusion From Bain
June 2022
o9 Solutions Raises $295m
From Strategic Investors
January 2022
Veracode Announces
Significant Growth Investment
From TA Associates
March 2022
FNZ Raises $1.4b In New
Capital From CPP Investments
and Motive Partners
February 2022
Cybersecurity Company
Securonix Raises $1b in Vista-
led Round
February 2022
FinTech Backbase Raises
$128m to Boost Consumer-
Focused Engagement Banking
June 2022
Zero-Party Data Platform Jebbit
Secures $70m Investment
January 2022
FLASH Secures Over $250m in
Round Loud by Vista Equity
Partners
March 2022
Access Orchestration Firm
Pathlock Raises $200m As It
Combines With Four Other
Companies
May 2022
Customer Experience
Management Platform,
“Reputation” Closes $150m
Funding
January 2022
PointClickCare Eyes $400m
Incremental Term Loan for
Audacious Acquisition
March 2022
CIBC Innovation Banking
Provides $150m Debt Facility to
VTS
March 2022
Solera Launches $300m
Incremental Term Loan
February 2022
RITMO Grabs +$200m to Grow
eCommerce Financing and
Payments Platform
April 2022
Wayflyer To Fund Rapid
Growth with $300m JPM Debt
Line
May 2022
Late-Stage Raises(2) Debt Raises

4. 4
Venture Markets
I.

5. 5
$7.9
$36.6
2012 YTD 2022
Early-Stage
$137.5
$142.1
$86.3
$71.0
$60.6
$44.6
$51.5
$42.6
$38.0
$22.7
$23.1
470
1,044
815
735
769
655
639
567
482
333
314
YTD Q2
'22
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
…Attracting New Entrants and Deployment in a Crowded Marketplace(3)…
4,546(5)
Institutional Investors Continue to Pour Money Into Venture (1)…
2,273
5,279
3,499
3,355
3,179
2,742
2,516
2,515
2,400
2,063
1,756
YTD Q2
'22
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Late-Stage VC
Early-Stage VC
The Business of Venture Has Changed…
Continued Fund Performance Has Attracted Significant Capital to the Venture
Ecosystem, Resulting in Frothy Activity and Aggressive Deployment Behavior
Sources: Pitchbook, 451 Research M&A KnowledgeBase, S&P Global Market Intelligence
(1) Based on number of unique VC funds
(2) Annualized based on H1 2022 VC funds raised
(3) Count of investors who completed a VC transaction in the presented year
(4) Total transaction counts in North America and Western Europe
(5) Annualized based on H1 2022 transaction count
At current pace, investors will meet
2020 activity by mid-September
…Leading to Boosted Transaction Activity(4)… …and Inflated Deal Sizes Across All Categories
1,387
1,380
1,275
1,309
1,287
1,271
1,220
1,024
798
692
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
+6.0% Increase in Investor
Count (2018 – 2021)
Count of VC Investors with a Completed Transaction
$275.0(2)
Total U.S. VC Capital Raised ($ in billions)
Count of U.S. VC Funds Raised
$24.9
$184.9
2012 YTD 2022
Late-Stage
$10.4
$49.2
2012 YTD 2022
Growth
($ in millions)
4.6x 7.4x 4.7x

6. 6
544
672
933
1,064 1,065
1,226
1,537
1,670
1,749
2,767
1,248
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD Q2
'22
% of Late-Stage VC Deals with Non-Traditional Investors
% of Early-Stage VC Deals with Non-Traditional Investors
% of Seed VC Deals with Non-Traditional Investors
Non-Traditional Money(1) Has Continued to Flood the Venture Ecosystem…
Count of Non-Traditional Seed Deals
Count of Non-Traditional Early-Stage Deals
Count of Non-Traditional Late-Stage Deals
…Attracting New Interest
Non-Traditional Funds Continue to Drive Elevated Deal Valuations
Sources: Pitchbook, Institutional Investor, TechCrunch, CNBC
(1) Non-Traditional Investors defined as Hedge Funds, Sovereign Wealth Funds, Investment Banks, and Corporate VCs
(2) Annualized based on H1 2022 transaction count
To View News, Click On Source Logo
VC Valuations Climb Higher Still as
Hedge Funds and Other
Nontraditional Investors Pile In
February 2022
Still Dancing: VC Funding Remains
Strong in 2022
July 2022
2,496(2)
2022 Isn't a Repeat of 2002 for VC
Funds
May 2022
Lockheed Reports $400M Venture
Capital Fund
July 2022
$20.0
$7.7
$70.0
$22.3
$152.5
$75.0
YTD Q2
'22
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Late-Stage VC Avg. Pre-Money Deal
Valuation
Early-Stage VC Avg. Pre-Money Deal
Valuation
Seed Avg. Pre-Money Deal Valuation
…Leading to Elevated Overall Median Pre-Money Deal Valuations
13.2%
9.7%
35.7%
20.1%
63.8%
42.0%

7. 7
Investor Target Date
Transaction
Type
MPG
Subsector
Raise ($)
Prior Raise
Post
Current Raise
Pre
Step Up
Jan-22 Series B FinTech $200 $175 $1,020 5.8x
Jan-22 Series C FinTech $70 n/a n/a n/a
Jan-22 Series C
Sales
Automation
$88 $171 n/a n/a
Feb-22 Series B FinTech $150 n/a $1,450 n/a
Mar-22 Series B FinTech $100 $588 $927 1.57x
Mar-22 Series C FinTech $200 $3,950 $7,900 2.0x
Apr-22 Series B Communication $40 $54 $330 6.1x
May 22 Series B
Systems
Integration
$150 $556 $850 1.5x
May 22 Series C Engineering $95 n/a n/a n/a
Jun-22 Series B FinTech $100 n/a $700 n/a
Average $119 $916 $1,882 3.4x
Sources: Pitchbook, Capital IQ, corporate websites, press releases, LinkedIn
(1) Defined as Series A-B
(2) Calculated as Pre-Val / Prior Raise Post Val
Deals We Tracked in H1 2022
Early-Stage Venture Raises(1)
$ in millions

8. 8
Sources: Pitchbook, Capital IQ, corporate websites, press releases, LinkedIn
(1) Defined as Series D+
(2) Calculated as Pre-Val / Prior Raise Post Val
Investor Target Date
Transaction
Type
MPG
Subsector
Raise ($)
Prior Raise
Post-Val
Pre-Val Step Up(2)
Jan-22 Series D FinTech $1,100 $15,000 $39,000 2.6x
Jan-22 Series E FinTech $550 $2,200 $7,450 4.4x
Jan-22 Series F
Supply Chain
Execution
$240 $1,200 $2,400 2.0x
Feb-22 Series E
Supply Chain
Planning
$935 $3,200 $7,070 2.2x
Mar-22 Series F
Healthcare &
Life Sciences
$557 $1,810 $5,910 3.3x
Mar-22 Series E Security $200 $1,260 $2,600 2.1x
Apr-22 Series E
Supply Chain
Execution
$260 $2,750 $3,640 1.3x
May 22 Series E Engineering $100 $165 $250 1.5x
May 22 Series E Marketing Tech $77 $700 n/a n/a
Jun-22 Series E
Human
Resources &
Labor
$200 $1,140 $8,500 7.5x
Average $422 $2,943 $8,536 3.0x
Deals We Tracked in H1 2022
Late-Stage Venture Raises(1)
$ in millions

9. 9
Growth Equity Markets
II.

10. 10
$10.3
$63.9
$14.0
Pre-2017 2017-2021 2022
$6.8
$9.1
$5.0
$4.0
$3.4
$2.3
$2.5
$2.5
$2.8
$2.4
$1.5
$100.0
$95.5
$50.0
$36.0
$32.5
$26.8
$30.0
$23.3
$30.0
$24.4
$19.9
$33.9
$25.4
$38.0
$12.8
$10.6
$7.8
$9.0
$8.0
$8.9
$7.2
$6.4
YTD Q2
'22
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
10.9%
10.0%
14.5%
11.6%
15.0%
10.0%
13.0%
17.2%
17.5%
15.0%
16.4%
30.0%
31.5%
31.0%
33.0%
40.0%
35.0%
38.0%
30.0%
40.0%
34.6%
35.3%
20.0%
20.0%
24.9%
23.0%
25.1%
19.9%
20.0%
25.0%
28.6%
25.0%
25.7%
YTD Q2
'22
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
General Atlantic: ‘Growth Equity Still
has Room to Grow’
May 2022
Robust Growth Equity-Oriented Fundraising Momentum(1)…
A Look at Growth Equity
Deal Competition and New Entrants Driving Quest for Quality Assets in an
Uncertain Economy
…Increasing Deal Competition and Adjusting Ownership Structures…
…and Driving up Growth Equity Deal Sizes
To View News, Click On Source Logo
Growth Equity Booms as Investors
Embrace Private Markets
January 2022
Blackstone has Raised an Initial $3B for
its Secod Growth Fund as Tech Stocks
Continue to Plunge
June 2022
Chasing Disruption: The Brave New
Worth of Growth Investing
March 2022
Sources: Pitchbook, Financial Times, Bain & Company, Private Equity International, Fortune
(1) Growth equity dry powder by vintage based on publicly-available information per PitchBook
x% 75th
Percentile % Acquired
Median % Acquired
x% 25th
Percentile % Acquired
$x 75th
Percentile Deal Sizes ($ in millions)
Median Deal Sizes
$x 25th
Percentile Deal Sizes
2012 – 2022 Fund Vintage
($ in billions)
$88b+ in cumulative
dry powder across
growth funds raised
from 2012 – YTD 2022

11. 11
Investor Target Date Transaction Type MPG Subsector Raise ($)
Jan-22 Growth
Enterprise Content
Management
$150
Jan-22 Growth Supply Chain Planning $295
Jan-22 Growth Marketing Tech $160
Jan-22 Growth
Human Capital
Management
$150
Feb-22 Growth FinTech $1,400
Feb-22 Growth FinTech $175
Feb-22 Growth Security $1,000
Feb-22 Growth Security $215
Apr-22 Secondary Security $2,500
July-22 Growth Compliance $1,000
Average $704
Deals We Tracked in H1 2022
Large Cap Growth Raises(1)
$ in millions
Sources: Pitchbook, Capital IQ, corporate websites, press releases, LinkedIn
(1) Defined as >$150M Raised

12. 12
Investor Target Date Transaction Type MPG Subsector Raise ($)
Jan-22 Growth FinTech $40
Jan-22 Growth Security $70
Jan-22 Growth CRM $62
Feb-22 Growth eCommerce $67
Feb-22 Growth Supply Chain Execution $26
Mar-22 Growth Security $37
undisclosed Apr-22 Growth Healthcare & Life Sciences $24
Apr-22 Secondary Transportation and Mobility $63
Apr-22 Growth Supply Chain Planning $40
Jun-22 Secondary FinTech $127
Average $56
Deals We Tracked in H1 2022
Small Cap Growth Raises(1)
$ in millions
Sources: Pitchbook, Capital IQ, corporate websites, press releases, LinkedIn
(1) Defined as <$150M Raised

13. 13
Public Equity Markets
III.

14. 14
1.88%
0.54%
2.97%
2.5%
0.1%
9.1%
2.30%
1.20%
6.00%
$16.71
($7.92)
($37.08)
$2.03 $1.87
($5.81)
($1.23)
($38.87)
($49.03)
$3.96
($20.04)
($1.76)
$25.25
$33.01
$18.95
$5.79
($29.45)
($0.74)
$14.82
($9.26)
($8.66)
($19.38)
($87.47)
($32.21)
($45.87)
($71.64)
($93.82)
($130.20)
($120.33)
Challenges for Public Equity in 2022
Inflation and Economic Concern Dominate Market Commentary and
Earnings Calls
Investors continue to align mutual fund portfolios in response to elevated bond yields…
…while CPI continues to climb far beyond inflationary targets
Consumer Price Index
(1) Statistic for June 2022 are estimates derived from data covering 98% of industry assets
Sources: S&P Capital IQ, Pitchbook, U.S. Bureau of Labor Statistics
($348.2)
(1)
Core Consumer Price Index
($ in billions)
Covid Adjusted 2020 ~($95) 2021 ~($116) YTD 2022 ~($494)
10 Year US Treasury Index
Mutual Fund Net New Cash Flow

15. 15
$38.5
$265.8
$64.5
$12.8
$4.7
$5.4
$4.1
$0.5
$0.0
$0.5
$0.0
48
255
86
39
36
20
14
15
22
25
22
YTD Q2
'22
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Pullback in Software IPO Activity…
$45.5
$9,879.2
$9,388.8
$6,931.7
$1,206.8
$927.8
$1,475.7
$248.5
$711.7
$2,070.7
$521.1
1
23
13
10
8
8
8
4
11
11
7
YTD Q2
'22
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Hushed Public Capital Markets in 2022
The IPO Window is Firmly Closed as SPACs Struggle Ahead of Redemptions
…Driven by Increased Volatility in the Public Markets
Sources: Pitchbook, S&P Capital IQ
(1) Calculated as average of prior quarter’s prices of the VIX Index
Total Capital Raised via Software IPOs ($ in millions)
Number of Software IPOs
…Paired with Waning Exit via SPAC Window…
Total Capital Raised via Software IPOs ($ in millions)
Number of Software IPOs Check out Recently Published Q2 Public
Markets Deep Dive!
Apr. 1, 2019 – Jun. 30, 2022
VIX Quarterly
Performance(1)
See our Q2 2022 Public Markets Report
16.4
15.2
16.0
13.9
31.1
34.1
25.9 25.4
23.1
17.9 18.3
19.2
25.2
27.4

16. 16
Debt Capital Markets
IV.

17. 17
$456.8
$459.9
$415.1
$410.1
$360.5
$294.2
$237.0
$188.3
$183.9
$160.7
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
$23.0
$123.1
$70.2
$52.7
$90.1
$64.9
$78.3
$32.0
$29.3
$27.5
$19.7
265
913
884
928
1,017
885
764
732
683
572
447
YTD Q2
'22
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
A Look at Debt
Elevated Interest Rates Applying Pressure to Big Deals While Mid-Market
Deals Continue to Get Done
…but Investors Have Pivoted Pricing to Drive Yield in Uncertain Times
Sources: Pitchbook, FRED, CFO.com, Foley & Larden LLP, Wall Street Journal, Bloomberg
Cumulative Private Debt Overhang ($ in billions)
Software Debt Raises have Flourished in Recent Years with Moderate 2022 Pullback…
…as Private Debt Investors Remain Flush with Capital Requiring Investment…
Debt Raise Amount ($ in billions)
Deal Count
Private Credit Market May be
Tested
February 2022
To View News, Click On Source Logo
Investment Banks Prepare for
Lean Times as Deal Spree
Sputters
July 2022
Traders Fully Price 75-Basis-
Point Fed Hike at July Meeting
July 2022
Rising Interest Rates Could
Mean Even More M&A Deals
Structured with Cash and
Equity
June 2022
S&P 500 Bond Index
Jan. 1, 2022 – Jun. 30, 2022
(13.6%)

18. 18
Lender Company Ownership Status Date MPG Subsector Amount Raised
PE-Backed Feb-22 Security $750
PE-Backed Feb-22 Healthcare & Life Sciences $305
VC-Backed Mar-22 Marketing Tech $150
PE-Backed Mar-22 Healthcare & Life Sciences $420
PE-Backed Mar-22 Energy & Utilities $240
VC-Backed Mar-22 Real Estate Tech $150
VC-Backed Apr-22 FinTech $150
undisclosed PE-Backed Apr-22 EdTech $325
VC-Backed May-22 Healthcare & Life Sciences $300
VC-Backed May-22 Enterprise Resource Planning $300
Average $309
Deals We Tracked in H1 2022
Debt Raises (>$100M)
$ in millions
Sources: Pitchbook, Capital IQ, corporate websites, press releases, LinkedIn
(1) Ownership at time of raise

19. 19
Lender Company Ownership Status Date MPG Subsector Amount Raised
VC-Backed Jan-22 FinTech $40
Private Debt Financed Jan-22 Enterprise Resource Planning $50
VC-Backed Mar-22 Financial Services $40
PE-Backed Mar-22 Human Capital Management $18
VC-Backed Apr-22 Healthcare & Life Sciences $50
PE-Backed Apr-22 IIoT $70
PE-Backed May 22 Security $100
VC-Backed Jun-22 FinTech $50
PE-Backed Jul-22 Industrial Tech $16
PE-Backed Jul-22 FinTech $83
Average $52
Deals We Tracked in H1 2022
Debt Raises (<$100M)
$ in millions
Sources: Pitchbook, Capital IQ, corporate websites, press releases, LinkedIn
(1) Ownership at time of raise

20. 20
•t
About Us
V.

21. 21
Madison Park Group
Advisors to the Technology Economy
(1) Select deals completed in the last ten years
We specialize in impacting
growth strategies to optimize
shareholder value creation
We partner with global
technology clients across North
America and Europe
We marry thoughtful corporate
strategy planning with stalwart
transactional execution
E X P E R T I S E
F O C U S S T R A T E G Y
Domain experts with active
relationships across +1,500
global investors
R E S O U R C E S
21
MPG’s Transaction Composition (1)
$30+
BILLION IN DEAL VALUE
Growth Stage
FOCUSED ON COMPANIES WITH $10-50 MILLION ARR
+30%
TYPICAL CLIENT GROWTH RATE
22
DEDICATED ADVISORS
220+
COMPLETED TRANSACTIONS
40%+
SPONSOR-BACKED CLIENTS
98%
TRANSACTION SUCCESS RATE
54%
18%
27%
Fundraising
Sell-Side M&A
Buy-Side M&A

22. 22
Senior Leadership Team
20+ Years Average Investment Banking & Technology Advisory Experience
Jonathan Adler
Managing Director
Email | LinkedIn
Highlight Areas of Expertise
✓ EHSQ Tech
✓ Healthcare & Life Sciences Tech
✓ Non-Profit & Member Management
Software
Michael Magruder
Managing Director
Email | LinkedIn
Highlight Areas of Expertise
✓ Manufacturing Software
✓ Supply Chain Tech
✓ Sponsor Coverage
Jeff Herriman
Managing Director
Email | LinkedIn
Rohan Khanna
Managing Director
Email | LinkedIn
Highlight Areas of Expertise
✓ Construct Tech
Highlight Areas of Expertise
✓ Healthcare & Life Sciences Tech
✓ EHSQ Tech
✓ Supply Chain Tech
R. Drew Ogden
Managing Director
Email | LinkedIn
Christian Vansant
Managing Director
Email | LinkedIn
Ralph Verrilli
Managing Director
Email | LinkedIn
Highlight Areas of Expertise
✓ Construct Tech
✓ Robotics
Highlight Areas of Expertise
✓ Engineering Software
✓ Manufacturing Software
✓ IIoT
Highlight Areas of Expertise
✓ Cybersecurity
✓ Managed IT Services
✓ Marketing Tech

23. 23
Our Client Successes
Select Recent Equity and Debt Raise Transactions
23
Select Equity Raise Transactions Select Debt Raise Transactions
Debt Placement
VC-Backed
Debt Placement
Founding Team
Debt Placement
Founding Team
Minority Investment
Founding Team
Minority Investment
VC-Backed
Minority Investment
VC-Backed
Debt Placement
Founding Team
Debt Placement
PE-Backed
Debt Placement
VC-Backed
Minority Investment
Founding Team
Majority Investment
Founding Team
Majority Investment
Founding Team
Debt Placement
Founding Team
Debt Placement
Founding Team
Debt Placement
VC-Backed
Majority Investment
Founding Team
Majority Investment
Founding Team
Click here for our full transaction list
Majority Investment
Founding Team

24. 24
Uncompromising Dedication to Thought Leadership
Follow us on LinkedIn for Upcoming Reports and Analysis
Click here to follow us on LinkedIn Click here to see all our publications
See our 2021 Report
Manufacturing Tech
See our 2021 Report
EHSQ
Cybersecurity
See our 2022 Report
Engineering Technology
See our 2022 Report
Life Sciences Software
Cause & Community Software
Supply Chain Planning
Marketing Tech
Supply Chain Execution
See our 2022 Report
Public Market Coverage
Construct Technology
See our 2021 Report
Procurement Technology
M&A Market Coverage
See our Q2 2022 M&A
Markets Report
Capital Market Coverage
See our 2022 GRC Primer
GRC
See our 2022 Report
See our 2021 Report
See our 2022 Public Good
Primer
See our 2022 Report See our Q2 2022 Public Markets
Report
Member FINRA & SIPC
© 2021 Madison Park Group
Connect with us
August 2022
Market Update
H1 2022 Growth-Stage Tech Capital Markets
Insights

25. 25
This presentation has been prepared by Madison Park Group and may only be used for informational purposes. This presentation provides an overview of public equities for software and
technology companies and is not intended to be taken by, and should not be taken by, any individual recipient as investment advice, a recommendation to buy, hold or sell any security, or an
offer to sell or a solicitation of offers to purchase any security. Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there
can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this document, will be profitable, equal
any corresponding indicated historical performance level(s), or be suitable for your portfolio. Acceptance of this information further constitutes your acknowledgement and agreement that
Madison Park Group does not make any express or implied representation or warranty as to the accuracy or completeness of the information contained herein and shall have no liability to the
recipient or its representatives relating to or arising from the use of the information contained herein or any omissions therefrom. Any use, disclosure, distribution, dissemination, copying or
reproduction of this information without prior written consent or approval from Madison Park Group is strictly prohibited. Any third-party trademarks, service marks, logos, and trade names
included in the report are property of their respective owners.
Madison Park Group, LLC provides independent financial advice on mergers, acquisitions, financial restructurings, private capital raising and similar corporate finance matters. Madison Park
Group is not a retail broker-dealer. This communication is not intended for retail consumption. The firm does not conduct underwriting activities, provide research or analyst reports or solicit or
carry accounts for, or offer or sell securities products to retail customers. Madison Park Group is regulated by the Financial Industry Regulatory Authority, Inc. (”FINRA”) as a FINRA Member Firm.
The information and services provided in this presentation are not provided to and may not be used by any person or entity in any jurisdiction where the provision or use thereof would be
contrary to applicable laws, rules or regulations of any governmental authority or regulatory or self-regulatory organization or where Madison Park Group is not authorized to provide such
information or services.
Sources & Notes
Data Sources
1. Pitchbook
2. S&P Capital IQ
3. LinkedIn
4. Corporate Websites
5. Public company releases,
filings, and earnings transcripts
Journals & Other Media
1. TechCrunch
2. Bloomberg
3. Silicon Angle
4. Barron’s
5. Built in LA
6. Reuters
7. Wall Street Journal
8. Forbes
9. Financial Times
10. Private Equity Insights
11. MobileMarketing
12. PYMENTS.com
13. S&P Global
14. BusinessWire
Company References
1. Miscellaneous company and
press releases
Disclosures
New York
3 Park Avenue, 31st Floor
New York, NY 10016
Massachusetts
101 Federal Street, Suite 1900
Boston, MA 02110
New Hampshire
36 Maplewood Avenue
Portsmouth, NH 03801
Pennsylvania
555 E Lancaster Avenue, Suite 500
Wayne, PA 19087
25
Sources & Disclosures
Madison Park Group LLC