Where We Invest
Target Industries
- B2B Software
- B2B Services
- Subsectors of particular interest – HCM, HIT, Digital Marketing
Transaction Profile
- Focus on control investments (with flexibility to make minority investments in certain situations)
- Mixture of primary and secondary capital
- Flexibility to accommodate the diverse situations of business owners
- Prefer to be the first meaningful outside institutional investor
Target Company Characteristics
- $3M+ revenue with recurring characteristics and minimal customer concentration
- 40%+ gross margins
- Profitable
- Headquartered in the U.S.
- Passionate leadership
- Addressing big problems with differentiated solutions
- Defensible competitive advantage