Louisville, Colorado-based Envysion, the managed video-as-a-service provider headed by Matt Steinfort, has just scored some major backing from a private equity firm. Parthenon Capital Partners, a growth and private equity firm based in San Francisco and Boston, said Wednesday that it has completed an investment in Envysion. Size of the funding was not disclosed. Parthenon said that the funding will partially go towards providing liquidity for certain shareholders, and unusual move for a company, in addition to for growth capital.
Steinfort and Envysion have carved out a business providing managed surveillance video services to franchises and retailers, who use the firm's service to better manage loss at their point-of-sale (POS) locations. Envysion's tools help tie together POS transactions with video of those locations, for loss mitigation and auditing of transactions.
Envysion's venture investors have included such companies as Columbia Capital, High Country Ventures and Bear Equity, plus angels. The firm looks to have raised somewhere in the range of $15-$20M since 2005. It's unclear which of those investors remain in the company.