System1, developer of the leading pre-targeting platform for identifying and unlocking consumer intent, today announced that it has completed a $270 million financing round led by Court Square Capital Partners.
Chuck Ursini, CEO & Co-Founder of System1, stated, “We welcome Court Square as our new equity partner and look forward to working with them. This investment will accelerate our product development, enhance support of our partners, and help us continue building the best team in Southern California.”
The investment follows a year of strong momentum for System1, having launched several new innovative product lines, successfully integrated its acquisition of InfoSpace, and opened new offices around the country.
“System1 is comprised of an inspiring group of talented and dedicated individuals, and we are excited for the entire team,” added Michael Blend, President and Co-founder of System1. “We also want to thank The Raine Group, our early investors who were instrumental in helping us reach this point.”
System1 is headquartered just off the beach in Venice, California. If you are an amazing engineer, data scientist or product manager, System1 would love to hear from you. For more information, please visit System1.com
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 215 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has approximately $5 billion of assets under management and is based in New York, N.Y. For more information, please visit CourtSquare.com