Charlotte Startup Exits & IPOs
This post aims to eventually capture all exits and IPOs of startups in the Charlotte area since 2000. It is a living and breathing document that will be updated periodically.
We realize that we have just scratched the surface at this point, so if we are missing anything or you see an error, please comment directly on this post and we’ll incorporate your feedback into the next round of updates! You can also contact us at cltstartupdispatch@gmail.com.
2000
LendingTree IPO.
LendingTree was founded in 1996.
$1.3B market cap at time of writing.
2016
Goodmortgage acquired by First Guarantee Mortgage
2018
DealCloud acquired by Intapp.
Intapp acquired DealClould for $123 million according to SEC filings
2019
Ecomdash acquired by Endurance International Group
$9.6 million acquisition price (SEC Filing, Note 3)
Charlotte Agenda acquired by Axios
Axios acquired Charlotte Agenda for nearly $5 million in Dec 2019.
In 2022, Axios acquired by COX Enterprises for $525 million, for local media business playing a key role
DigitizeAI acquired by Waystar
Financials not disclosed. Waystar was on an acquisition streak in 2018-2019 with 4 total acquisitions during a short time frame. Waystar was sold by Bain Capital in July 2019. shortly after the DigitizeAI acquisition.
MapAnything acquired by Salesforce.
Financials not disclosed. But, according to one source the acquisition was for $225 million for an enterprise value of about $261 million.
PrecisionLender acquired by Q2
Acquired for $510 million
2021
Apay Financial acquired by Ramsey Solutions
Charlotte Inno article https://www.bizjournals.com/charlotte/inno/stories/news/2021/11/19/local-fintech-apay-financial-acquired.html
AvidXchange IPO. AvidXchange was founded in 2000.
$1.7B market cap at time of writing.
Ascend Goals acquired by Aperture Education
Whystle acquired. Undisclosed buyer.
Financials not disclosed.
2022
Amicus.io acquired by TIFIN group.
Financials not disclosed.
Snap One (formerly Snap AV) IPO
Fort Mill-based Aperture Education acquired by Riverside Insights (Charlotte Business Journal)
Santa Clara and Charlotte-based LeanTaaS acquired by Bain Capital (Fierce Healthcare)
Tech services (consulting/design/etc.)
Last updated June 2022.
A big thank you to the following individuals for providing feedback and ideas for this list: Greg Brown (Charlotte Angel Fund) and Rob Cummings (Falfurrias Capital Partners).