When M&A money goes to charity: EscrowUp closes second transaction
Silicon Valley investors and entrepreneurs are sometimes scolded for being driven by money rather than purpose. SRS Acquiom, which handles M&A deals, is trying to change that by exerting a positive kind of peer pressure on the venture world. The firm partnered with Pledge 1% to give a portion of the M&A escrow money it handles to nonprofits.
Launched in late 2016, the EscrowUp service has two transactions under its belt: the Salesforce/Krux acquisition and the Envision Healthca
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