This case study reviews a recent investment made by Sage Growth Capital.
Founded in 2017 by military veterans, who are cloud and cybersecurity industry experts, Seattle-based company, Refactr, provides a DevSecOps Automation Platform that enables the collaboration between DevOps and cybersecurity teams
Sage invested $150,000 which enabled Refactr to help catalyze its Air Force contracts.
Six months after the initial investment, Refactr was acquired.
As part of the acquisition, Sophos required the note be retired.
Sage agreed to accept $175,000 as Refactr’s full payment, saving Refactr a significant amount of money.
Sage investors achieved an IRR of about 41%
The entrepreneur and management team have reviewed this case study and have given us permission to disclose the information herein.