MyHeritage Acquired by Main Non-public Fairness Agency Francisco Companions

We’re completely satisfied to announce that Francisco Companions, a number one international funding agency that focuses on partnering with expertise companies, has acquired MyHeritage. The transaction was signed on February 24, 2021, and was pending regulatory approvals, which have not too long ago been acquired, and therefore the acquisition was accomplished right this moment. 

The final 18 years have been an unimaginable journey for MyHeritage, none of which might have been doable with out our wonderful group and our devoted customers. We couldn’t have executed it with out you.

Identical group… identical mission

Gilad Japhet, Founder and CEO of MyHeritage, will proceed to steer our glorious and devoted group as we create new and thrilling methods for individuals to find out about their origins. There are not any personnel modifications and no modifications within the product roadmap. A few of our former buyers have departed with a smile, and Francisco Companions has changed them.

Persevering with to place our customers first

Since its launch over 20 years in the past, Francisco Companions has invested in additional than 300 expertise firms, making it probably the most energetic and longstanding buyers within the expertise trade. The agency invests in alternatives the place its deep data and operational experience will help firms understand their full potential.

We imagine Francisco Companions is uniquely positioned to assist us speed up our imaginative and prescient for progress at MyHeritage, enabling us to proceed alongside our path and do what we do finest — placing our customers first and giving them life-enriching, and typically life-changing, experiences. We look ahead to what the longer term holds as we embark on this new chapter with Francisco Companions. 

The MyHeritage journey

Since 2003, MyHeritage has made discovering household historical past simpler and extra accessible to hundreds of thousands of individuals all over the world. Our ardour for family tree and dedication to innovation have guided us through the years. MyHeritage is presently utilized by 85 million customers worldwide who’ve collectively created greater than 72 million household bushes, and the positioning is accessible in 42 languages. 

MyHeritage has raised $49 million through the years in 5 rounds of financing, the final of which befell in 2012, after which the corporate turned worthwhile. The corporate’s buyers have included non-public buyers Yuval Rakavy and Aviv Raiz, who invested within the firm in 2005 and have continued to assist it ever since, in addition to Accel, Index Ventures, and Bessemer Enterprise Companions. With their assist, the corporate accelerated its progress and accomplished 11 strategic acquisitions. A number of the firm’s present buyers will probably be re-investing into the corporate alongside Francisco Companions, together with HP Beteiligungs GmbH, Yuval Rakavy, the corporate’s founder and CEO Gilad Japhet, and impartial investor Gigi Levy.

Dedication to privateness

At MyHeritage, your privateness and the safety of your knowledge are our highest precedence. We don’t promote or license private knowledge. We frequently assess our procedures and insurance policies and search new methods to enhance our method to privateness and safety. With Francisco Companions, this dedication will probably be additional strengthened and customers will profit from enhancements to the corporate’s privateness framework. As a primary step on this technique, we’ll shortly replace our privateness coverage to incorporate the unequivocal prohibition for the corporate to license or promote genetic knowledge to any third occasion. These updates will probably be extremely distinctive among the many bigger family tree and shopper DNA trade and are a testomony to the dedication each firms share to privateness and customers.

To our customers

Going ahead, MyHeritage will stay the identical household historical past firm that you’ve grown to like. Our mission stays unchanged and we’ll proceed innovating to make household historical past extra fulfilling, pleasing, and accessible. 

We’re extremely excited for the subsequent chapter in MyHeritage’s evolution, and we’re thrilled so that you can be a part of the journey. Francisco Companions’ intensive experience and assets will permit us to create even larger worth for our customers, and attain a bigger viewers, benefiting hundreds of thousands of MyHeritage customers worldwide.

Keep tuned for excellent issues to come back!

The put up MyHeritage Acquired by Main Non-public Fairness Agency Francisco Companions appeared first on MyHeritage Weblog.

Powered by WPeMatico