Quovo acquired by Vice Media
Flatiron-based Quovo, the platform that provides access for and connects financial investment applications to wealth management accounts at traditional financial institutions, has been acquired by SF-based Plaid, which operates in a similar space connecting consumer apps to retail banking. The terms of the transaction were not publicly disclosed but sources indicate the value of the transaction is just shy of $200M when accounting for all performance bonuses and contingencies.
Selected investors in the round: Eight Roads Ventures, Salesforce Ventures, F-Prime Capital, Portag3 Ventures, IGM Financial
Founding year: 2010
Total funding raised: $133.4M
Time from founding to exit: 9.76 years
Full coverage: Refinery29 acquired by Vice Media
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