Check out the pitch deck software startup AvePoint used to raise $200 million from investment giant TPG and Goldman Sachs

AvePoint

AvePoint COO Brian Brown

• AvePoint, a 19-year-old software company from New Jersey, just raised $200 million in Series C funding to chase a big opportunity in helping customers move to Teams, Microsoft's fast-growing chat app.
• The company secured the funding from TPG Sixth Street Partners and Goldman Sachs alongside other unnamed investors.
• "We're excited to bring in TPG, whose expertise will be helpful for us," said Brian Brown, COO of AvePoint, in an interview with Business Insider. "We're at a pivotal point in our development and we're well positioned to expand dramatically."
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AvePoint, a 19-year-old software company from New Jersey, has raised $200 million in Series C funding to chase a big opportunity in helping customers move to Teams, Microsoft's fast-growing chat app.

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The company raised the funding from TPG Sixth Street Partners and Goldman Sachs alongside other unnamed investors. Part of the fundraise will be used to buy out part of Goldman's stake in the business as the bank's fund is coming to the end of its cycle.

The remaining funds will be used to expand the company's business beyond its regular clients (Fortune 500 companies) and into the mid-market. AvePoint provides a set of governance and migration services for Microsoft SharePoint, Teams, Office 365 and other Microsoft SaaS products which don't come as standard at an enterprise level.

"We're excited to bring in TPG whose expertise will be helpful for us," said Brian Brown, COO of AvePoint, in an interview with Business Insider. "We're at a pivotal point in our development and we're well positioned to expand dramatically."

The company claims that its software is the best and only way to move to Teams from Slack, Microsoft's chief chat rival. It also provides tools for backing up Teams chats, and for the IT department to manage data privacy and control on Teams.

AvePoint has raised $290 million since 2001 and plans to expand all of its offices worldwide as part of a hiring agenda. "We have 29 offices globally and will be hiring more quality people as every single one exceeded their targets last year," Brown added.

"It was a lot of late nights and early mornings over the Christmas period to put the deal together but the synergies are good. We're on cloud nine," he said.

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