DA Davidson Acts as Exclusive Financial Advisor to ProductPlan in Its Large Growth Equity Investment from Bow River Capital | News

IRVINE, Calif.–(BUSINESS WIRE)–May 12, 2022–

DA Davidson & Co. today announced that it has served as exclusive strategic and financial advisor to ProductPlan LLC, a leading product management software platform, in securing a significant growth capital investment from Bow River Capital.

Founded in 2013 by Greg Goodman and Jim Semick, and based in Santa Barbara, CA, ProductPlan is a leading provider of SaaS product management solutions that enable product teams to centralize, manage, and prioritize product initiatives , create and share roadmaps for diverse audiences, and drive organization-wide alignment. Product managers across all industry verticals and organization sizes trust the enterprise platform to capture and organize their ideas, collaborate with their teams, and drive organizational strategy forward.

Majority investment from Bow River Capital, which is ProductPlan’s premier institutional partner, will enable ProductPlan to rapidly accelerate product innovation with a focus on strategic product ideation, best-in-class route, comprehensive launch planning, collaboration within the broader community of product managers, executives and external partners, and analytics for data-driven decision-making.

“Jim, Greg and their team have done a great job developing an impressive platform that has helped organizations transition product development efforts from disparate spreadsheets to a centralized system of record,” said Greg. Thomas, co-director and managing director of the technology investment bank. Group at DA Davidson. “Securing a growth capital partner with the expertise of Bow River Capital will be essential for the company’s next stage of growth. We are confident that this partnership will lead to significant growth for ProductPlan in the future.

“We are grateful for the guidance the DA Davidson team provided during the transaction,” said Jim Semick, co-founder of ProductPlan. “Through their experience and hard work, we have found a great partner to help take the business to the next level.”

In 2022, ProductPlan was recognized as a leader in G2’s Product Management segment, in addition to inclusions in G2’s High Performer, Momentum Leader, Easiest Setup, and Best Support lists for Product Management. In 2021, ProductPlan was named one of Fortune’s Top 100 Best Places to Work.

This transaction underscores the continued success of DA Davidson’s Technology Investment Banking practice, which completed 57 transactions worth approximately $11.4 billion in 2021. DA Davidson’s Investment Banking division is a leading full-service offering comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four verticals: consumer, diversified industrial, financial institutions and Technology.

Together with its European strategic partner, MCF Corporate Finance, DA Davidson initiates and executes transatlantic M&A transactions under the common brand of DA Davidson MCF International.

About DA Davidson Companies

DA Davidson Companies is an employee-owned financial services company providing a range of financial services and advice to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 with headquarters in Great Falls, Montana and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,475 employees and offices in 28 states.

Subsidiaries include: DA Davidson & Co., a full-service investment firm providing wealth management, investment banking, capital markets and fixed income services, and advice; Davidson Investment Advisors, a professional asset management firm; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser that provides fixed income portfolios and advisory services.

For information, visit dadavidson.com.

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CONTACT: Emilie Roy

Prosek for DA Davidson

(646) 818-9232

[email protected]



SOURCE: DA Davidson & Co.

Copyright BusinessWire 2022.

PUBLISHED: 05/12/2022 08:00 AM/DISC: 05/12/2022 08:02 AM


Copyright BusinessWire 2022.