Daily News: February 21, 2013

PE-Nexus Facilitates $4.5MM Series A Funding for Levels Beyond


PE-Nexus announced that its intelligent deal network facilitated $4.5 million in series A funding for media software company Levels Beyond by San Diego, CA-based TVC Capital.

Sell-side M&A advisory to Levels Beyond was provided by Denver, CO-based Janco Partners. The funds will be used to boost sales and marketing efforts and for continued product development.

“We’re very grateful to TVC and Janco for bringing this success story to our attention,” said Tony Hill, PE-Nexus CEO and co-founder. “The timing of this deal is perfectly consistent with the increased levels of activity and deal flow volume PE-Nexus has been experiencing since late 2012. More importantly, as a series A raise, this deal is yet another testament to the platform’s growing reach beyond its core focus of middle market buyouts and recapitalizations.”

“As a relatively new member of PE-Nexus, we were initially skeptical about what to expect from the platform. That, however, changed within 24 hours of launching our very first Buy-Side Mandate, when we were contacted by Jason Randell of Janco with a perfect fit for our investment thesis,” said Mykel Sprinkles, Senior Associate at TVC. “Fast forward four months and we can now count Levels Beyond among our portfolio companies and PE-Nexus among our strategic partners. We look forward to working closely with both companies over the coming years.”

PE-Nexus is a private market network for middle-market M&A professionals.

TVC Capital is a private equity firm focused on investments in and acquisitions of software companies and software-enabled service firms.

Janco Partners is an investment bank which offers mergers and acquisitions services, and raises growth capital for telecommunications, media, IT and software companies.