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TPG Growth and The Rise Fund Make Major Investment in Greenhouse Software
01/14/21, 4:19 PM
Location
new york
TPG Growth and The Rise Fund today announced that they have signed a definitive agreement to partner with Greenhouse, the leading hiring software company used by over 4,000 businesses, as a majority investor. TPG Growth, the middle-market and growth equity platform within TPG, and The Rise Fund, the global impact investing platform managed by TPG, will jointly invest in Greenhouse to accelerate product innovation, grow into new markets, and enhance solutions aimed at accelerating diversity, equity and inclusion in hiring. Financial terms of the transaction were not disclosed. The transaction, which is expected to close during the first half of 2021, is subject to customary closing conditions.
Company Info
Company
Tpg Growth:
Location
new york, new york, united states
Additional Info
The investment in Greenhouse adds to a number of other successful joint TPG Growth and The Rise Fund investments in tech-enabled solution providers like C3.ai, a multi-sector, big data aggregation and analytics platform focused on AI and IoT to optimize energy consumption; EVERFI, the leading social impact education innovator; and CLEAResult, the largest third-party energy efficiency program administrator and solutions provider to utilities in North America.
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