VERTICAL VIEW // IF IT CAN BE CONNECTED, IT WILL
All statistics are from PitchBook for the middle market (deal values from $25 million to $1 billion).
From 2005 to 2013,
more than 400 deals
were closed by PE and
VC firms in the Internet of
Things—providing everything from remote access
to home heating to GPS
traffic data for our cars.
Google’s 2014 acquisition of home
automation firm Nest Labs for over
$3 billion was the highest-valued
purchase in the sector since 2012.
U.S. private equity dollars
invested in the Internet of
Things totaled nearly $46
billion from 2005 to 2013.
outweighed those of
all other categories,
surpassing 30 deals
each year since
2005, with a peak
of 43 deals in 2012.
Other big categories for
investment in the space
include energy, health
care and business-to-business solutions.
Blackstone Group’s $2 billion acquisition of
home-security technology company Vivint in
2012 was among the megadeals in the space.