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Volition’s Blog:
Growth & Guts
  • Volition
    Acquisition & IPO
    Wall Street Journal: How PetSmart Swallowed Chewy—and Proved the Doubters Wrong
    “After more than 100 pitches, in which he argued Amazon could never provide the intimate customer service and expertise of Chewy, someone did. Boston-based Volition Capital LLC put $15 million into the company in 2013. The volume of Chewy’s repeat business was what convinced the firm to invest, according to Larry Cheng, a managing partner … Continued
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  • Chewy.com founder Ryan Cohen at Volition Capital
    Acquisition & IPO
    TechCrunch Interview with Ryan Cohen on Chewy.com and Its Fast-Approaching IPO
    Read the full TechCrunch article here (By Connie Loizos) Interview Highlights: TC: You get together, and then you settle on creating a retail pets business? Why?  RC: We were doing affiliate marketing and we wanted to own the entire customer experience and were looking for big categories that were underpenetrated. In fact, we thought the … Continued
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  • Volition
    Acquisition & IPO
    Larry Cheng on CNBC Squawk Box: Chewy IPO
    Former Chewy.com board member and the company’s first institutional investor Larry Cheng, who is also the co-founder and managing partner of Volition Capital, joins “Squawk Box” to discuss the website’s IPO.
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  • Acquisition & IPO
    Synopsys to Enhance Software Integrity Platform with Acquisition of Black Duck Software
    MOUNTAIN VIEW, Calif. and BURLINGTON, Mass., Nov. 2, 2017 /PRNewswire/ — Synopsys, Inc. (Nasdaq: SNPS) and Black Duck Software, Inc. have signed a definitive agreement for Synopsys to acquire privately held Black Duck, a leader in automated solutions for securing and managing open source software. The addition of Black Duck’s highly respected Software Composition Analysis solution will enhance Synopsys’ … Continued
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  • Acquisition & IPO
    Nielsen Agrees to Acquire Visual IQ
    Global Leader in Measurement and Data Analytics to Integrate Premier Independent Provider of Multi-Touch Attribution Software into Existing Nielsen Marketing Effectiveness Suite NEW YORK, Sept. 27, 2017 /CNW/ — Nielsen Holdings plc (NYSE: NLSN) today announced it has entered into a definitive agreement to acquire Visual IQ, a leading independent provider of multi-touch attribution (MTA) modeling of advertising … Continued
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  • Volition
    Acquisition & IPO
    Ellie Mae to Acquire Velocify
    Velocify’s Lead Management Functionality Accelerates Ellie Mae’s Digital Mortgage Vision PLEASANTON, Calif.–(BUSINESS WIRE)–Ellie Mae® (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that it has signed a definitive agreement to acquire Velocify®, the leading sales acceleration platform. With the acquisition of Velocify, Ellie Mae is accelerating our vision of offering a … Continued
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  • Acquisition & IPO
    PetSmart Completes Acquisition of Chewy
    PHOENIX–(BUSINESS WIRE)–PetSmart, Inc. (“PetSmart”) today announced it completed the acquisition of Chewy, Inc. (“Chewy”), the nation’s leading online retailer for pet products. The combination of PetSmart and Chewy creates one of the leading brick and mortar and online pet retailers, providing the most convenient, high-touch customer experience to serve the needs of pet parents and … Continued
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  • Acquisition & IPO
    PetSmart is Acquiring Chewy.com for $3.35 Billion in The Largest E-Commerce Acquisition Ever
    View the full article here.   PetSmart has agreed to make the biggest e-commerce acquisition in history, putting a deal in place to snatch up fast-growing pet food and product site Chewy.com for $3.35 billion, according to multiple sources familiar with the deal. The deal is a huge one by any standard — bigger than Walmart’s … Continued
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  • Acquisition & IPO
    Meet the Young Founders of Chewy.com, Which PetSmart Just Bought for $3.35 Billion
    Read the full article here.   Retail chain PetSmart has acquired pet food and product site Chewy for $3.35 billion on Tuesday, Recode reported. The deal is the largest e-commerce acquisition in history, beating Walmart’s $3.3 billion acquisition of Jet.com in August 2016. Chewy is one of the fast-growing e-commerce sites. In 2016, after just five years of operation, it counted … Continued
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  • Acquisition & IPO
    Fast-Growing Pet-Product Upstart Chewy Is Selling Out To PetSmart For A Reported $3.35 Billion
    Read the full article here.   Chewy, the online pet product startup that rocketed to nearly $1 billion in reported sales in the space of five years, may have just set a record for the richest acquisition in Internet history. Earlier today we reported Chewy’s sale to brick and mortar rival PetSmart, the nation’s largest … Continued
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