Who owns Say Technologies?
Say is a technology platform that empowers shareholders to access their full ownership rights. The platform features proxy processing, fund reports, trade confirmations, post-sale prospectus delivery, voluntary corporate actions, and class actions processing. Who owns Say Technologies? Say Technologies is a venture-backed startup, having raised $8 million in 2018, per Crunchbase data. PitchBook data indicates…
Say is a technology platform that empowers shareholders to access their full ownership rights. The platform features proxy processing, fund reports, trade confirmations, post-sale prospectus delivery, voluntary corporate actions, and class actions processing.
Who owns Say Technologies?
Say Technologies is a venture-backed startup, having raised $8 million in 2018, per Crunchbase data. PitchBook data indicates that the company was worth $28 million on a post-money basis following the investment, implying that the company’s backers managed a roughly 5x return on their investment. Say was acquired by Robinhood for $140M on Aug 10, 2021.
The deal is notable because it is Robinhood’s first major purchase since going public in late July, and because it illustrates where Robinhood may look to invest some of its newly liquid equity wealth; when a company goes public, it can more easily purchase other companies thanks to recharged cash balances and a floating stock.
“We founded Say to give investors a better way to engage with the companies they own and to give companies tools to better understand and access their investors. As part of the Robinhood family, we’ll be able to further our goal of creating a new ecosystem of ownership and engagement to benefit all investors and companies,” said Alex Lebow, Co-Founder, and CEO of Say Technologies.
