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Echosec Systems

The Deal

Bought By
Jeff Oldenburg
Year
2020
Vehicle
The Tusker Fund, backed by Pacific Lake Partners, Maven Equity Partners and Red Forest Capital
Kind
Software

A Victoria, British Columbia open-source-intelligence platform for social and geospatial data.

What Happened Next

Sold to Flashpoint in August 2022; his own investor profile puts the return at a 97.5% internal rate.

The searchers held it 2 years, from 2020 to 2022.

Bought at exit by Flashpoint, whose page carries that firm's own announcement of it.

Backed by the Same Firms

Vonzeo Capital

  • Cardata · Sheret Ross and Michael Levine · 2021

Aspect Investors

Endurance Search Partners

Pacific Lake Partners

Maven Equity Partners

Red Forest Capital

Method & Source

This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.

These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. The pairing rests on the row's other sources, which name the person beside the company. The index host's company page, names him co-chief executive and marks the company exited beside its own 2020 investment. Its roster files the search as partner with a launch year of 2018. Nothing on it says who bought the company.