Foresight exits WeTrack Software with sale to Momentus

Foresight Group has successfully exited its investment in WeTrack Software Limited, realising a 2.8x return through a sale to Momentus Technologies, a specialist in venue and event management software headquartered in the US. 

Foresight Group (Foresight) has successfully exited its investment in WeTrack Software Limited (WeTrack), realising a 2.8x return through a sale to Momentus Technologies, a specialist in venue and event management software headquartered in the US. 

WeTrack offers collaborative management software for the sports and events industry, helping to manage successful projects, deliver events and improve organisation efficiency. The Company was born out of the founders’ experiences from the London 2012 Olympic Games Organising Committee.  

Foresight’s Thames Ventures funds, which were previously managed by Downing LLP, first invested in WeTrack in 2015. During the investment period, the company grew its team from two to 17 and developed its service range by offering four new modules. 

This is the fourth exit in the last nine months from Foresight’s Thames Ventures funds, all four of which have attracted US-based acquirers.