Serra Capital had its first liquidity event of its 24 portfolio companies this past week. Serra Capital portfolio company Infochimps was sold to Computer Sciences Corporation on August 5, 2013. Earlier in 2013, Infochimps acquired the assets of Caterva, Inc, the company in which Serra Capital originally invested. Caterva was created to develop a real-time social marketing platform with specialized data mining algorithms. Infochimps is a company offering unique “big data” management capabilities.
Serra’s limited partners received a positive return on their investment. Tim Hoerr, Managing Partner of Serra Capital said, “Serra Capital is pleased to experience our first portfolio company exit with the Infochimps acquisition. With the fund less than three years old, it is exciting to see a positive return on our first liquidity event.”