GRAND RAPIDS — Grand Ventures’ portfolio company Sigstr of Indianapolis has been acquired by another growing venture capital-backed tech firm.
The deal for email signature marketing company Sigstr gives Atlanta-based Terminus “an end-to-end account-centric marketing platform” from which to continue growing its operations, according to a statement.
Terms of the deal were not disclosed. All employees of Sigstr became employees of Terminus, including CEO Bryan Wade, who will join the company’s executive team.
Grand Rapids-based venture capital fund Grand Ventures I LP was part of a $5 million funding round in Sigstr in 2017, as MiBiz reported at the time.
The Series A round was led by Hyde Park Ventures in Chicago and included Battery Ventures in Boston, Mass., Cambridge, Mass.-based HubSpot, and High Alpha Capital in Indianapolis. The investment in Sigstr was the second ever for Grand Ventures.
“Sigstr has built a truly innovative email signature marketing platform that unlocks powerful insights for corporations,” Tim Streit, co-founder and partner at Grand Ventures, said in a statement.