Vista Equity Partners taps Endeavour Fund to back Dispatch

2412

Vista Equity Partners has used its Endeavor Fund to make a strategic investment in Boston-based logistics company Dispatch, alongside GrandBanks Capital.

Dispatch’s logistics service uses mobile and web applications to help businesses collect and leverage data about the service delivery process. Previous investor GrandBanks introduced the business to Vista.

“We are thrilled to partner with the Dispatch team to help accelerate growth and continue to enhance the value they bring to home service providers,” said Vista principal and ho-head of the Endeavor Fund, Rene Yang Stewart.

“Dispatch has established a unique position in their ability to connect homeowners, enterprise brands, and service providers which creates a strong platform that we’re excited to help grow and innovate with the Dispatch team.”

Earlier this year Vista bought Allocate Software from fellow software investor Hg, before going on to exit from its governance, risk management and compliance software business NAVEX Global, in a sale to BC Partners.

Vista was established in 200 and has over $31bn of cumulative capital commitments.

Copyright © 2018 AltAssets

Get the latest PE News & Research delivered to your inbox every morning