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
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
Tredence LinkedIn Company Profile
Social Media
Tredence Company Twitter Account
Company News
Tredence News
Facebook
Tredence on Facebook
YouTube
Tredence on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Shub Bhowmick
  Shub Bhowmick LinkedIn Profile  Shub Bhowmick Twitter Account  Shub Bhowmick News  Shub Bhowmick on Facebook
Chief Technical Officer
Sumit Mehra
  Sumit Mehra LinkedIn Profile  Sumit Mehra Twitter Account  Sumit Mehra News  Sumit Mehra on Facebook


 

 

Browse more venture capital transactions:

Prev: 2/9/2023: BoxPower venture capital transaction
Next: 2/9/2023: Kennek venture capital transaction

 

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