Capital Connect Conference Unveils Annual Idaho Deal Flow Report

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The Idaho Technology Council’s Capital Connect Conference on Thursday unveiled the 5th annual Idaho Deal Flow Report and highlighted the stories of several companies driving the more than $4 billion in capital flow across the state in 2019.

“Entrepreneurs who have successfully built and sold their business continue to reinvest into the next generation of entrepreneurs and businesses. This reinvestment, coupled with new capital providers, puts Idaho in a strong position to continue to grow and prosper..."

The Idaho Technology Council’s Capital Connect Conference on Thursday unveiled the 5th annual Idaho Deal Flow Report and highlighted the stories of several companies driving the more than $4 billion in capital flow across the state in 2019.

Capital Connect brings together entrepreneurs, capital providers and business leaders to celebrate and support Idaho’s growing capital ecosystem. The accompanying Idaho Deal Flow Report detailed $4.42 billion dollars spread across 154 deals, including mergers and acquisitions, private placement and public market transactions. Speakers from companies highlighted in the report included Albertsons, Black Sage, Crave and Truckstop.com.

Additional report takeaways:

  • While number of deals was lower (2018 - 161, 2019 - 154) the total volume increased from $1.65B to $4.42B
  • Most deal flow came from private placements and mergers & acquisitions. Idaho had only one public offering this year.
  • More than half of deals in 2019 involved companies founded within the past 10 years.
  • Of reported deals, median deal size was approximately $1.2 million with 35% of deals being smaller than $1 million and 23% of deals being smaller than $500,000.
  • The majority of deal flow is coming from new, private companies.
  • The Technology/ Software industry increased its share of deal count and volume to 38 and 25%, respectively.

“In 2019, Idaho was once again the fastest growing state in the country. Idaho’s businesses received increased attention and investment dollars from capital providers in Idaho and beyond,” said Blake Hansen, Managing Partner of Alturas Capital, sponsor of the Deal Flow Report. "It was also a particularly exciting year, as StageDotO started raising capital for a venture fund targeted to be $50 million, the first of its kind in Idaho. More angel, venture capital and private equity funds are coming to Idaho to find new investment opportunities in Idaho companies.”

StageDotO General Partner Mike Self shared how the venture firm’s success in Boise reaffirms their belief in the region’s ability to attract capital and entrepreneurs. Self noted that four of the companies they’ve funded in Boise – Crave, PlexTrac, FlipRide and Sindro – have gone from ideation to commercialization in just a year.

Alison Johnson, Holland & Hart Partner and Deal Flow Co-Chair noted, “Entrepreneurs who have successfully built and sold their business continue to reinvest into the next generation of entrepreneurs and businesses. This reinvestment, coupled with new capital providers, puts Idaho in a strong position to continue to grow and prosper as our community of innovative enterprises find opportunities to pivot, navigate and capitalize on a new and continuously evolving environment.”

Johnson and Hansen also announced a bold new initiative that kicked off this year in partnership with StageDotO called 50 to the A – to support and celebrate 50 Idaho companies making it to Series A financing.

One company already contributing toward that goal made a big announcement at Capital Connect. In a preview of 2020’s Deal Flow Report, Boise cloud software company Tackle.io announced they closed on a Series A raise of $7.25 million from New York’s Bessemer Venture Partners.

For more on the 2019 Idaho Deal Flow Report, visit http://www.idahotechcouncil.org/dfr-2019/

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