K1 Investment Management exited one of its more than 20 portfolio companies last month with the sale of work management-software firm. K1 is a global Investment firm that builds category-leading enterprise software companies. K1 partners with strong management teams of high-growth, market leading software companies to help them accelerate growth. Thomas Rice, portfolio manager at the Perpetual Global Share Fund, recently announced US-based K1 Investment Management's $486 million takeover bid for a work management-software firm.
The firm has made significant Investment in the work management-software sector, investing in the right people, technology, and solutions to drive its success. In June 2021, Eltropy announced a $21 million venture round led by K1 Investment Management of Manhattan Beach, California. It is understood the human resources and payroll software group has agreed to terms with California based K1 Investment Management, with the Investment firm providing the capital necessary to expand the company's reach and capabilities.
In December 2022, K1 Investment Management announced its acquisition of BigCommerce, a leading ecommerce platform. The company was founded in 2009 and is now one of the largest ecommerce solution providers in the world. K1 Investment Management’s Investment in BigCommerce further strengthens its footprint in the ecommerce sector.