- Cash infusion enabled the company to invest in sales & marketing infrastructure and build out its customer base.
- Accelerated revenue growth resulting from the funding caught the attention of several potential acquirers, including Lithium Technologies, which acquired Scout Labs less than a year after the Series C round.
Overview
Scout Labs raised $4MM in Series C funding from new investors Javelin Ventures and El Dorado Ventures, along with existing investor Minor Ventures.
Proceeds used to bring a leading social media monitoring platform to market.
Significance
Catapult’s role
- Ran a dual path M&A / financing process.
- Assisted Scout Labs in overcoming concerns over a complex cap table, immaturity of the market and lack of revenue traction.
- Leveraged the M&A term sheet to apply timing and valuation pressure on interested VCs.