/Investor DB

Francisco Partners

Private equityoperating company · company profile

San Francisco · Growth–Late Stage · 208 people tracked

Also known as FRANCISCO PARTNERS MANAGEMENT, L.P.

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Investment thesis

Francisco Partners positions itself as a sector-specialist technology investor, building businesses by combining capital with deep domain expertise. The firm invests across all vertical sectors of the technology industry, targeting applications of technology that solve real-world problems. It deploys flexible capital with transaction values ranging from $100 million to multi-billion across various transaction types, customizing its approach to each situation and investing at key inflection points. An FP Operating Executives team of former C-suite leaders and advisors supports portfolio companies' operational excellence. The firm's stated primary objective is to deliver superior risk-adjusted returns for investors while assessing material sustainability risks and opportunities within its investment process.

Source: firm website, verified Oct 17, 2026.

Stage
Growth–Late Stage
Check
$100M
HQ
San Francisco, CA, US
Instruments
Equity · Debt
Founded
1999
AUM
$47.1B
Tracked investments
215
Unicorns
13
IPOs
7
Acquisitions
57

Team · 208 people

from the firm's website & public directories
Ben Ball· Co-Founder and Partner Emeritus
Neil Garfinkel· Co-Founder and Partner Emeritus
Dipanjan Deb· Co-Founder and CEOin

Co-founder and CEO of Francisco Partners, cited in the firm's award announcement emphasizing its sector expertise in technology end markets.

Abigail Johnson· Partner, Investor Relations
Ashley Evans· Partner
Brian Elrod· Partner, Tax
Christine Wang· Partner
Eran Gorev· Partner, President of Israel
Erin Blake· Partner, Legal M&A
Evan Daar· Partner
Grace Kim· Partner, Talent
Jasmine Khiri· Partner, Investor Relations
Justin Chen· Partner
Karl Shum· Partner
Mario Razzini· Partner
Megan Austin Karlen· Partner, Capital Markets
Petri Oksanen· Partner
Quentin Lathuille· Partner
Scott Eisenberg· Partner, Credit and Structured Solutions
Andrew Kowal· Partnerin

Andrew Kowal is a Partner at Francisco Partners, which he joined in 2001, working in private equity. He holds a B.S.E. from the University of Pennsylvania's Wharton School and previously worked at Princes Gate Investors, the private equity arm of Morgan Stanley's Institutional Securities Division.

Brian Decker· Co-Chief Investment Officerin

Brian Decker is Co-Chief Investment Officer of Francisco Partners, which he joined in 2008. He focuses on private equity, credit, and structured solutions, and previously worked at McKinsey. He holds a B.A.Sc from the University of Waterloo and an M.Eng. from Cornell University.

Chris Adams· Partnerin

Chris Adams is a Partner at Francisco Partners, which he joined in 2008. He holds a B.S. from the Georgia Institute of Technology and an MBA from Stanford GSB, and previously worked at American Securities and Bain. His board work has centered on healthcare-focused companies.

David Golob· Co-Chief Investment Officerin
Deep Shah· Vice Chairmanin

Deep Shah is Vice Chairman of Francisco Partners, which he joined in 2003, working in private equity, credit, and structured solutions. He earned an MA in Economics with First Class Honors from the University of Cambridge and previously held roles at Morgan Stanley in investment banking and at Princes Gate Investors.

Ezra Perlman· Co-Presidentin

Ezra Perlman is Co-President of Francisco Partners, which he joined in 2003, working within private equity, credit and structured solutions. He holds an A.B. in Applied Mathematics from Harvard College and an MBA from Stanford GSB, and previously worked at Battery Ventures, Advanta, and Oliver Wyman.

Jason Brein· Co-Presidentin

Jason Brein is a Co-President at Francisco Partners, which he joined in 2012, working within the firm's Private Equity, Credit and Structured Solutions leadership. He previously held roles at Elevation Partners and Goldman Sachs. He holds an A.B. from Princeton University and an MBA from Harvard Business School.

Peter Christodoulo· Partnerin

Peter Christodoulo is a Partner at Francisco Partners, which he joined in 2008, working in private equity. Before joining the firm, he worked at Thomas H. Lee Partners and Credit Suisse. He holds an A.B. in History from Harvard College.

Steve Eisner· Partner, General Counselin
Anders Mikkelsen· Principal
Ayla Ahmed· Principal
Daniel Aron· Managing Director, Credit & Structured Solutions
Daniel Kenny· Principal, Credit and Structured Solutions
Georgi Chilikov· Managing Director, EMEA Capital Markets
Jordan Smith· Principal, Credit and Structured Solutions
Lee Rubenstein· Managing Director, Credit and Structured Solutions
Mac Fountain· Principal
Nate Zupan· Principal
Nicholas Rush· Principal
Nick LaGrandeur· Principal
Nick Nelson· Principal
Rahul Kaul· Principal
Ravi Bhatt· Principal
Sebouh Nahabedian· Managing Director, Credit and Structured Solutions
Victoria Shih· Principal
William Chow· Principal
Mei Shi· Principalin
Abhi Patel· Associate
AJ Simon· Operating Advisor
Akshat Jain· Associate
Alarisse Lam· Vice President
Alberto Abad· Associate
Alena Tarver· Assistant Controller
Alex Waller· Vice President
Allen Kass· IT Engineer
Alyse Ruff· Assistant Controller
Amanda Axcrona· Associate
Amber Shi· Associate, Credit and Structured Solutions
Andrew Edmonds· Associate
Andrew Pahl· Senior Operating Advisor
Anil Varghese· Senior Operating Advisor
Anna Jarvis· Associate Director, Tax
Anthony Kosinski· Associate
Ashley Chen· Associate
Austin Thomas· Vice President
Axel Moctezuma· Vice President
Bao Luo· Assistant Controller
Bill Griffin· Operating Partner
Brendan Austin· Vice President
Brian Maury· Chief Technology Officer
Brian Nix· Operating Partner
Briana Sterling· Operating Advisor
Brielle Ahee· Portfolio Data and Valuation Manager
Brittany Stewart· Senior Operating Advisor, Executive Talent
Cameron Wall· Vice President
Carolyn McCarthy· Senior Operating Partner
Charlie Oberrender· Vice President, Capital Markets
Chloe Le· Director, Finance
Chris DeBiase· Operating Partner
Chris Lang· Director, User Experience
Chris Louthan· Operating Advisor
Clayton Read· Associate, Capital Markets
Connor Cote· Operating Advisor
Danielle Audi· Accounting Manager
Darryl Tan· Vice President
Dave Stevens· Senior Operating Partner
David Carter· Operating Partner
David May· Senior Operating Advisor
Dillon Tokofsky· Compliance Associate
Dinesh Lathi· Senior Operating Partner
Dionne Kassinger· Director, Accounting & Finance
Edward Chung· Senior Director, Operations
Elizabeth Ding· Associate
Ella Pasquinelli· Portfolio Data and Valuation Manager
Emilio Karakey· Associate
Emma Mathews· Operating Associate
Federico La Bella· Vice President
Felix Keckeis· Associate
Francisco Neto· Senior Operating Advisor, HR Operations
Gabby Nichols· Investor Relations Associate
Gabriela Coada· Operating Associate
Garry Fielding· Operating Partner
Greg Hughes· Senior Operating Partner
Gregg Whitney· Operating Partner
Heather Chu· Vice President
Hillary Doyle· Associate Director, HR
Hillel Jacobson· Operations Associate, Credit and Structured Solutions
Ilan Lahav· Vice President
Jack Cardwell· Operating Partner
Jack Glusman· Associate
Jae Min· Director, Finance
Jairo Romero· Operating Partner
Jake Goldfield· Operating Partner
Janice Caruso· Legal Operations Manager
Jasmine Jiang· Associate
Jason Zhang· Associate
Jeff Graby· Assistant Controller
Jeff Ruhnow· Operating Partner
Joe Bryant· Operating Associate
John Eshirow· Vice President
John Herr· Chief Financial Officer
John Opdycke· Operating Partner
Jon Barlow· Senior Operating Advisor
Jon Ziglar· Senior Operating Partner
Jose Morales· Operating Partner
Josh Bitonte· Vice President, Credit and Structured Solutions
Josh Horstmann· Operating Partner
Joshua Laughlin· Operating Advisor
Kate Evers· Chief Compliance Officer
Kathleen O'Donnell· European Counsel
Kathryn Kolb· Vice President, Credit and Structured Solutions
Katie Barker· Vice President, Legal M&A
Katrina Lee· Associate
Kazushi Iwamoto· Associate
Ke Li· Vice President
Keith Geeslin· Partner Emeritus
Kiran Rupakula· IT Engineer
Kristina Axe· Senior Operating Advisor
Lachlan Nidds· Vice President
LaQuandria Fielding· Business Operations Manager
Laura Malinasky· Operating Partner
Lauren Hunt· Vice President, Talent
Lawrence Young· Associate
Leonardo Sanelli· Associate
Lily Nguyen· Director, Finance
Louisa Blum· Vice President
Mahad Khan· Associate
Marc Ewing-Chow· Information Security Officer
Maren Seidel· Associate
Mark Ties· Senior Operating Partner
Martin Palomino· Credit Operations Manager
Matt Spetzler· Senior Advisor
Matt Yatovitz· Assistant Controller
Matthew Lindenbaum· Associate, Credit and Structured Solutions
Matthew Tompkins· Associate
Matthias Niederreiter· Vice President
Max Augus· Associate
Mayur Raval· Vice President
Michael Anderson· Vice President
Michael Ding· Analyst
Michael Hunt· Senior Operating Partner, EMEA
Michelle Benfer· Managing Operating Partner
Mike Barry· Managing Operating Partner
Mike Kohlsdorf· FPO President
Mike Moesel· Senior Operating Advisor, Legal Counsel
Mina Zhang· Vice President
Nathan Raghavan· Associate
Niko Martinovic· Vice President, Credit and Structured Solutions
Noah Phillips· Vice President
Pascal Ekirapa· Associate
Paul Cormier· Senior Operating Partner
Paul Ilse· Managing Operating Partner
Perri Wang· Associate
Peter Kreuch· Vice President
Peter Ostashen· Director, IT
Pranit Nadipelli· Associate
Qiana Smith· Accounting Administrator
Ratu Raviprakash· Investor Relations Associate
Raya Al-Khatib· Operating Advisor
Rebecca Sanford· Operating Partner
Riana Elmore· Operations Manager
Richard Saum· Director, Capital Markets
Richard Zhao· Vice President
Romina Romei· Compliance Associate
Ryan Greene· Managing Operating Partner
Ryan Terray· IT Infrastructure Manager
Sanford Robertson· In Memoriam
Sara Lui· Tax Manager
Sebastian Weersink· Associate
Seemal Malpani· Associate
Selene Xu· Associate
Shiva Ramabadran· Operating Partner
Snehal Desai· Managing Operating Partner
Steve Nied· Managing Operating Partner
Taishin Lipper· Investor Relations Associate
Tao Lu· Operating Partner
Taze Miller· Senior Operating Advisor
Thaddeus Blankenship· Senior Operating Advisor
Theresa Kletch· Operating Partner
Tim Yaeger· Senior Director, Finance
Tom Owens· Senior Operating Advisor
Tulsi Byrne· Director, Sustainability
Wesley Lakis· AI and Systems Architect
William Davis· Operating Partner
William Wilson· Operating Advisor
Wyeth Coulter· Associate
Zach Hartzog· Operating Advisor
Andrew Brown· Global Head of Investor Relations & Marketingin

Andrew Brown serves as Global Head of Investor Relations & Marketing at Francisco Partners, which he joined in 2012. He previously held roles at Goldman Sachs and KPMG. He holds a B.S. from San Diego State and an MBA from Northwestern's Kellogg School of Management.

Tom Ludwig· Chief Operating Officerin

What they invest in

from 112 of 215 portfolio companies

SaaS ×66Enterprise Software ×58AI & Machine Learning ×33Data & Infrastructure ×22Healthtech ×20Cloud Computing ×19Fintech ×17Cybersecurity ×16

HQs:United States×53United Kingdom×3Canada×2France×2United Arab Emirates×1Belgium×1

Who they back

founder profiles across 39 portfolio companies
41%
solo founders
16 of 39 mapped founding teams
70%
repeat founders
of 33 founders with career history
~10.5 yrs
old at investment
median across 10 dated deals

Founding team size:solo founder×162 founders×103 founders×84+ founders×5

Where their founders studiedfrom 35 founders with education data

Brigham Young University ×2Brown University ×2Columbia Business School ×2Harvard University ×2MIT Sloan School of Management ×2Stanford University ×2University of Oxford ×2

What their founders studiedfrom 33 founders with field-of-study data

Computer Science ×10Economics ×5Medicine ×5Business & Management ×4Chemistry ×3Finance & Accounting ×3Engineering ×2Humanities ×2

Where their founders worked beforefrom 33 founders with career history

Arcsight ×2Rippling ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

3 founders hold a PhD · 7 hold an MBA (of 34 with degree data)

Investments · 215 tracked

founders shown can be your intro path

By year:2025 · 32023 · 12022 · 22021 · 42020 · 22019 · 42017 · 42016 · 22015 · 22014 · 125 dated

A Place for Momaplaceformom.comin𝕏NASDAQ: GDRXacquired by Exit Blackstone · Jul 2025 · $2.6B

A Place for Mom is a senior care referral service that helps families find and compare senior living and care options, including assisted living, memory care, independent living, home care, nursing homes, and senior apartments.

ConsumerDigital HealthHealthtechMarketplacesWellness & FitnessVernon Hills, US

Douglas Hirsch(Director)Trevor Bezdek(Co-Chairman & Director)Jonathan Stevens(Executive Officer)Thomas Richards(Executive Officer, Director)Christine Leahy(Executive Officer)Dennis Berger(Executive Officer)

Co-investorsBain Capital Double Impact Fund LPBain Capital Life SciencesBain Capital Tech OpportunitiesBattery VenturesBessemer Venture PartnersBlue Sea Capital+38 more

GoodRx HoldingsNASDAQ: GDRX

GoodRx provides a digital healthcare platform that aggregates prescription pricing data and displays discounted medication prices to consumers across U.S. pharmacies, while offering telehealth services, subscription offerings, and solutions for healthcare providers and pharmaceutical manufacturers to improve medication access and affordability.

Santa Monica, US

Doug Hirsch(Co-Chief Executive Officer and Director)inTrevor Bezdek(Co-Chief Executive Officer and Director)inAndrew Slutsky(General Manager and Senior Vice President, Consumer)inKarsten Voermann(Chief Financial Officer)inAdam Karol(Director)Christopher Adams(Director)

LegalZoom.com, Inc.legalzoom.comin𝕏NASDAQ: LZ

This is an educational article on the LegalZoom website explaining what a limited liability company (LLC) is, including its types, tax treatment, formation process, and legal considerations.

ConsumerLegalTechSaaS

Brian Lee(Founder)inRobert Leslie Shapiro(Founder)Jeff Stibel(Chief Executive Officer and Chair of the Board)inBrian Liu(Founder)Edward Hartman(Founder)Robert B. Shapiro(Founder)

Co-investorsBAM VenturesCross Creek AdvisorsIVP (Institutional Venture Partners)Kleiner PerkinsMillennium New HorizonsMillennium Technology Value Partners+5 more

Paysafepaysafe.comin𝕏NYSE: PSFE

Paysafe provides payment processing solutions supporting 260+ payment types and 48 currencies, including checkout flows, multicurrency and cross-border payments, digital wallets, prepaid cards, and fraud/compliance tools.

E-commerceEnterprise SoftwareFintechLondon, GB

Co-investorsACE & Company

Waystar Holdingwaystar.comin𝕏NASDAQ: WAYOct 2025

Waystar provides a cloud-based platform for managing the healthcare revenue cycle, covering financial clearance, patient payments, revenue capture, claim and payer payment management, and analytics.

AI & Machine LearningEnterprise SoftwareFintechHealthtechSaaSLehi, US

T. Craig Bridge(Chief Transformation Officer)inKim Wittman(Chief People Officer)inSteven M. Oreskovich(Chief Financial Officer)Christopher L. Schremser(Chief Technology Officer)Matthew J. Hawkins(Chief Executive Officer and Director)Gregory R. Packer(Chief Legal Officer)

Weavegetweave.comin𝕏NYSE: WEAV

Weave offers team communication and collaboration tools for healthcare practices, including messaging, scheduling, and patient management features accessible from desktop and mobile apps.

AI & Machine LearningEnterprise SoftwareFuture of WorkHealthtechSaaSLehi, US

Brandon Rodman(CEO)inJared Rodman(Founder/CCO)inClint Berry(CTO)inMarcus Bertilson(Executive Officer)inBrett White(Chief Executive Officer)inJason Christiansen(Executive Officer)in

Co-investorsA.Capital VenturesBessemer Venture PartnersBYU Cougar CapitalCrosslink CapitalFundersClubIA Seed Ventures+18 more

Accelaaccela.comFeb 2015✓ verified

Accela provides cloud-based software and IT management solutions for government agencies and communities to deliver digital services, streamline operations, and improve resident engagement.

AI & Machine LearningCloud ComputingGovTechSaaSSan Ramon, US

Colin Samuels(Executive Officer)Jeffrey Tung(Executive Officer)Maury Blackman(Executive Officer, Director)John Alves(Executive Officer)

BoardDerek Chau(Director)Tyler Wick(Director)

Co-investorsABRY PartnersBuilding VenturesGolub GrowthKarlani CapitalLerer HippeauBerkshire

ActivTrakactivtrak.comin𝕏✓ verified

ActivTrak provides a workforce analytics and work intelligence platform that helps organizations monitor productivity, manage capacity, and make informed workforce decisions by tracking activity across people, applications, and AI tools.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechAustin, US

Heidi Farris(CEO)in

Co-investorsSapphire VenturesElsewhere Partners

Advancedmdadvancedmd.comin𝕏✓ verified

AdvancedMD provides cloud-based medical office software for ambulatory and independent medical practices, offering practice management, electronic health records, telemedicine, patient relationship management, and business analytics reporting.

Digital HealthHealthtechSaaSSouth Jordan, US

Amanda S.in

Co-investorsMarlin Equity Partners

Andhealthandhealth.cominAug 2025✓ verified

AndHealth provides comprehensive chronic care with evidence-based treatments to reduce symptoms and flares and slow disease progression, offering virtual or in-person appointments.

Digital HealthHealthtechWellness & FitnessColumbus, US

Matt Scantland(Founder & CEO)in

BoardChris Adams(Director)inAndrew Maurer(Director)

Co-investorsHealth2047 Capital Partners LLC

Avangateavangate.comin𝕏✓ verified

Verifone (formerly Avangate/2Checkout) operates an all-in-one monetization and digital commerce platform that helps businesses sell software and digital goods globally, expand internationally, and manage recurring revenue across channels.

E-commerceFintechSaaS

Co-investors3TS Capital PartnersGecad Ventures

B12b12.ioin𝕏✓ verified

B12 offers an AI-powered website builder that generates a complete first draft of a website, online store, portfolio, blog, or web app from a text prompt, which users can then refine via an AI agent or visual editor.

AI & Machine LearningMarketing TechSaaS

Nitesh Banta(Founder)inAdam Marcus(Founder)in

Co-investorsLightbankLux CapitalSuffolk Equity PartnersBrand Capital InternationalFounder CollectiveGeneral Catalyst+6 more

Boomiboomi.comin𝕏✓ verified

Boomi provides a cloud-based integration and automation platform used by enterprises for connecting applications, data, and workflows as part of digital transformation efforts.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSaaS

Steve Lucas(Chairman & Chief Executive Officer)inValerie Rainey(President of Global Operations & Chief Financial Officer)inDiane Fanelli(Chief Revenue Officer)inGreg Wolfe(Chief Commercial Officer)inEd Macosky(Chief Product and Technology Officer)inKeyur Ajmera(Chief Information Officer)in

Co-investorsTPGFirstMark CapitalGolub GrowthSixth Street

Dynamo Softwaredynamosoftware.comin𝕏Oct 2017✓ verified

Dynamo Software provides a configurable, cloud-based investment management platform for the alternative investments industry, serving fund managers, institutional investors, and service providers.

Cloud ComputingFintechSaaS

Krassen Draganov(Founder & Chief Product Officer)inHank Boughner(CEO)in

Co-investorsBlackstoneABS Capital PartnersAlpine InvestorsDnx VenturesiGlobe PartnersJMI Equity+4 more

efficient IPefficientip.comin𝕏✓ verified

EfficientIP is a network security and automation company specializing in DNS, DHCP, and IPAM (DDI Technology) that helps organizations secure their IP infrastructure and simplify network management across cloud, virtualization, and distributed environments.

Cloud ComputingCybersecurityData & InfrastructureEnterprise Software

Norman Girard(Chief Executive Officer)in

Co-investorsForgePoint CapitalJolt CapitalTempoCap

Perforceperforce.comin𝕏Apr 2019✓ verified

Perforce provides data compliance and governance solutions through its Delphix platform, enabling enterprises to discover, mask, and control sensitive data across non-production environments while meeting regulatory requirements like GDPR, CCPA, HIPAA, and PCI DSS.

AI & Machine LearningCybersecurityData & InfrastructureDeveloper ToolsEnterprise SoftwareMinneapolis, US

Jim Cassens(CEO)inColleen Kulhanek(Chief Marketing Officer)inAnjali Arora(Chief Technology Officer)inKristin Gaarder(Chief People Officer)inJill Martin(EVP, Operations)inSteve Jezierski(General Manager)in

Co-investorsSummit Partners

Property Finderpropertyfinder.aein𝕏✓ verified

Property Finder is a real estate marketplace and portal serving property seekers, agents, and developers across the MENA region with property listings, data tools, and CRM solutions.

Data & InfrastructureMarketplacesPropTechDubai, AE

Michael Lahyani(Founder)inRenan Bourdeau(Co-founder)inRenan Bordeau(Founder)

Co-investorsGeneral AtlanticBECO CapitalPermiraCOTU VenturesVNV GlobalVostok New Ventures

Qgendaqgenda.comin✓ verified

QGenda provides a unified healthcare workforce management platform that consolidates scheduling, time and attendance, credentialing, and supply visibility for hospitals and health systems.

AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechSaaSAtlanta, US

Greg Benoit(Chief Executive Officer)in

Co-investorsICONIQ CapitalHorizons VenturesICONIQ

RBmediarbmediaglobal.comin𝕏✓ verified

RBmedia is an audiobook publisher and distributor with a catalog of over 100,000 titles, releasing more than 9,000 new audiobooks annually through digital retail and library distribution networks.

Media & Entertainment

Amanda Ridout(CEO & Founder of Boldwood Books)inMichael Paull(Chief Executive Officer)inEd Longo(Co-President, Chief Operating Officer)inTroy Juliar(Co-President, Chief Content Officer)inJohn Shea(Chief Product & Marketing Officer)inAndrew Gearing(Chief Information Officer)in

Co-investorsH.I.G. CapitalShamrock Capital

Vendavovendavo.comin𝕏✓ verified

Vendavo provides a platform for B2B manufacturers, distributors, high-tech and industrial services companies to manage pricing, rebate accounting, and sales complexity at scale.

AI & Machine LearningEnterprise SoftwareRetail TechSaaSSales Tech

Sharath Dorbala(CEO)in

Co-investorsAccel-KKRDCM VenturesGolub GrowthSapphire Ventures

8x88x8.com

Prior team investment (NYSE:EGHT).

Co-investorsCarbide VenturesG20 Ventures

Acousticacoustic.comin𝕏

Acoustic is a marketing technology company that provides a customer engagement platform for lifecycle marketers to understand consumer intent and drive engagement through real-time behavioral data and AI-powered analytics.

Enterprise SoftwareMarketing TechSaaS

Co-investorsSapphire VenturesTTV Capital

Aderantaderant.comin

Aderant provides business and practice management software solutions for law firms, including time and billing, case management, litigation docketing, and AI-powered tools.

AI & Machine LearningEnterprise SoftwareLegalTechSaaS

Co-investorsVista Equity Partners

Aeries Softwareaeries.com

Aeries provides a Student Information System (SIS) for K-12 school districts and local education agencies, covering gradebook management, state reporting (CALPADS, PEIMS), enrollment, analytics, communications, and payments.

EdTechSaaS

AvailityinSep 2017

Revenue cycle management platform and electronic clearinghouse

HealthtechJacksonville, US

Nathan W. Eastman(Chief Financial Officer, Treasurer)inChristopher Hunter(Director)Steve Betts(Director)Earnie Franklin(Director)Aaron Gani(Director)Carl McDonald(Director)

Co-investorsNovo Holdings

Avalonavalonhcs.comin

Avalon provides diagnostic benefit management and analytics that turn diagnostic lab data into policy-driven, evidence-based decisions for health plans and payers, covering genetic, routine, oncology, and cardiometabolic testing.

AI & Machine LearningDigital HealthHealthtechTampa, US

Bill Kerr(Founder)in

Co-investorsEcho Health Ventures

Banqup Groupbanqup.comin

Banqup is an international fintech company offering an all-in-one SaaS platform for e-invoicing, e-payments, e-reporting, and e-trust solutions with built-in compliance, serving businesses, accountants, and financial institutions.

Enterprise SoftwareFintechSaaS

Hans Leybaert

Co-investorsAlychlo

BARBRIbarbri.comin𝕏

BARBRI is the largest provider of legal education and learning solutions spanning pre-law preparation, law school materials, bar exam preparation, and continuing professional education for law students, professionals, law firms, and organizations globally.

EdTechLegalTechDallas, US

Mike Simsin

Co-investorsLeeds

Barracudabarracuda.comin𝕏

Barracuda provides a suite of cloud-based and on-premises cybersecurity solutions protecting organizations against email threats, data loss, network attacks, and application vulnerabilities.

Cloud ComputingCybersecurityEnterprise SoftwareSaaS

Co-investors33NSecha CapitalSequoia CapitalTen Eleven

Becomingbecoming.aiin𝕏Jul 2017 · $70M

Becoming.ai develops robotic closed-loop hardware that sustains mammalian development externally—regulating nutrients, waste, and gas exchange—paired with AI models that learn to predict how development unfolds and responds to intervention.

AI & Machine LearningBiotechDeep TechRobotics

Divya Cohen(CEO)inJack Cohen(CTO/CSO)in

Co-investorsEntrepreneur FirstJetstreamJulian CapitalBessemer Venture PartnersKinnevikMenlo Ventures

Betterment Holdings, Inc.betterment.comin𝕏Sep 2021 · $160M

Betterment provides automated investment management and portfolio advisory services for individual investors, including retirement accounts and taxable accounts.

FintechNew York, US

Jonathan Stein(Executive Officer, Director)inEli Broverman(Founder)inJohn MilehaminJon Stein(Founder)

BoardPeter Christodoulo(Director)inRyan O'Sullivan(Director)

Co-investorsAnthemis VentureBessemer Venture PartnersFJ LabsFuture Perfect VenturesGlobespan Capital PartnersGrand Ventures+15 more

Bitglassforcepoint.comin𝕏

Forcepoint provides a data security platform that discovers, classifies, and protects sensitive data across cloud, web, endpoint, email, and network environments.

AI & Machine LearningCybersecurityEnterprise SoftwareCampbell, US

BALAS NATARAJAN KAUSIK(Co-Founder & Chief Executive Officer)ANURAG KAHOL(Co-Founder & Chief Technology Officer)inANOOP BHATTACHARJYA(Executive Officer)CHRISTOPHER CHAN(Executive Officer)inANDREW URUSHIMA(Executive Officer)RICH CAMPAGNA(Chief Marketing Officer)

Co-investorsAllegisCyber CapitalIn-Q-TelJavelin Venture PartnersNew Enterprise Associates (NEA)Norwest Venture PartnersSamsung Catalyst Fund+6 more

Black Ducksynopsys.comin𝕏Aug 2014

Synopsys provides design automation tools and intellectual property for semiconductor and electronics companies to develop smart, connected devices.

Developer ToolsEnterprise SoftwareSemiconductorsBurlington, US

Doug Levin(Founder)Aart de Geus(Founder)inStephen N. Gregorio(Executive Officer)Philip B. Granof(Executive Officer)William NMN Ledingham(Executive Officer)Norman L. Shipley(Executive Officer, Director)

Co-investorsAsset Management CompanyBrightspark VenturesCrosslink CapitalDataTribeDifferential VenturesF-Prime Capital+11 more

Blackline Safetyblacklinesafety.comin𝕏Jun 2016

Blackline Safety builds connected safety hardware and cloud software, including wearable devices and portable area monitors with gas detection, real-time location tracking, and 24/7 live monitoring, for lone workers and industrial operations.

CybersecurityHardwareIoTSaaSCalgary, CA

Shane Martin Grennan(Executive Officer)Barry David Moore(Executive Officer)Kevin Joseph Meyers(Executive Officer)Cody Zane Slater(Executive Officer, Director)Brendon John Cook(Executive Officer)Sean Everett Stinson(Executive Officer)

BluJay Solutionsblujaysolutions.com

BluJay Solutions provided supply chain and logistics software, including transportation management and procurement tools, for enterprise shipping operations.

Enterprise SoftwareLogistics & Supply ChainSaaS

Bswiftbswift.comin𝕏

bswift provides an AI-native benefits administration platform paired with expert service and an in-house engagement agency, helping HR teams manage enrollment, employee communications, and benefits engagement.

AI & Machine LearningEnterprise SoftwareHealthtechHR TechSaaSChicago, US

Ted Bloomberg(Chief Executive Officer)inAmit Jain(Chief Operating Officer)inSue Thomson(Chief Growth Officer)Steve Mills(Chief Financial Officer)John Herbst(Chief Legal Officer)inNatalie Atwood(Chief People Officer)in

Co-investorsEscalate Capital Partners

Capsa Healthcarecapsahealthcare.comin

Capsa Healthcare designs integrated hardware and technology for pharmacy automation, medication management, and point-of-care workflows, serving hospitals, retail and institutional pharmacies, and other healthcare providers.

HardwareHealthtechMedical Devices

Co-investorsLevine Leichtman

Capsiloninacquired by Ellie Mae · Oct 2019

Capsilon built cloud-based, AI-powered document management and process automation software that helped mortgage lenders digitize and process loan documents to speed up origination and underwriting.

San Francisco, US

Sanjeev Malaney(Executive Officer, Director)inDavid Sohm(Executive Officer)inDavid Chen(Executive Officer)inMartin Waters(Executive Officer)

Civitasplaycivitas.io𝕏Feb 2019

Civitas is a community-driven 4X strategy game built on blockchain, where players claim NFT land, build and develop cities, trade resources, and participate in governance through city-based subDAOs.

Crypto & Web3Gaming

Co-investorsGuanxiDAOEmergence Capital PartnersFirst Round CapitalRethink EducationSevenX VenturesSJF Ventures+1 more

Civitas Learningcivitaslearning.comin𝕏

Civitas Learning provides a data analytics and student success platform for colleges and universities, enabling institutional leaders and student-facing staff to make data-informed decisions to improve student outcomes and retention.

AI & Machine LearningData & InfrastructureEdTechEnterprise SoftwareAustin, US

Mark Milliron(Founder)inCharles Thornburgh(Founder)inScott Chamberlain(Executive Officer)in

BoardSantiago Subotovsky(Director)Adam Dell(Director)Richard Segal(Director)

Co-investorsElsewhere PartnersEmergence Capital PartnersEscalate Capital PartnersHigh AlphaNew Markets Venture PartnersSJF Ventures+3 more

Corsaircorsair.com

CORSAIR makes computer hardware and peripherals for gamers and PC enthusiasts, including cases, gaming PCs, memory, keyboards, headsets, power supplies, coolers, mice, and fans.

ConsumerGamingHardware

Discovery Educationdiscoveryeducation.comin𝕏

Discovery Education provides K-12 educational resources and programs across math, literacy, science, and social studies, supporting core instruction and supplemental learning for grades PreK-12.

AI & Machine LearningEdTechSaaS

Co-investorsLumos Capital Group

E2Opene2open.comin𝕏

e2open provides supply chain software that integrates networks, data, and applications to manage global production and distribution for enterprises.

Enterprise SoftwareLogistics & Supply ChainSaaSAustin, US

John Rector(Founder)inMark Hall(Chief Executive Officer)Pawan Joshi(Chief Strategy Officer)Lynn Holmgren(EVP, Chief Administrative Officer and Chief of Customer Operations)in

Co-investorsCross Creek AdvisorsGolub GrowthInsight PartnersJK&B Capital

Edifecsedifecs.cominJul 2020

Edifecs, now part of Cotiviti, provides healthcare interoperability, payment integrity, and health enablement infrastructure that connects data and decisions across the healthcare industry.

Data & InfrastructureDigital HealthHealthtech

Co-investorsTA Associates

Eliteelite.comin𝕏

Elite provides an AI-powered time management platform for law firms to track billable hours, automate time entry, and improve revenue capture.

AI & Machine LearningFintechLegalTechSaaS

Mark Dorman(Chief Executive Officer)inLindsey Moorley(Chief Financial Officer)inJake Simpson(Chief Sales Officer)inElisabet Hardy(Chief Product Officer)inJohn Machado(Chief Technology Officer)inMartin Linusson(Chief Customer Officer)in

Eventbriteeventbrite.comin𝕏Acquired

Eventbrite is an event management and ticketing platform used by event organizers to sell tickets, manage attendee access, and handle checkout, with features like waiting rooms, team access controls, and automated ticket pricing.

ConsumerCreator EconomyMarketing TechMarketplacesMedia & EntertainmentSaaSMelbourne, GB

Julia Hartz(Founder)inKevin Hartz(Founder)inRenaud Visage(Founder)

Co-investors137 VenturesAltitude AngelsCraft VenturesDag VenturesFelicis VenturesSaints Capital+9 more

Eviteevite.comin𝕏

Evite is a free online invitation and event planning platform that allows users to create and send digital invitations with RSVP tracking, reminders, and guest messaging for various occasions including birthdays, weddings, and celebrations.

ConsumerSaaS

Co-investorsAugust CapitalBAM VenturesLobby CapitalStaenberg Venture Partners

Ex Librisexlibrisgroup.comin𝕏

Vega for Academic is a software suite for academic libraries that includes tools for website building, donor management, event planning, and email marketing.

Cloud ComputingEdTechEnterprise SoftwareSaaSLondon, GB

Co-investorsLeeds

Follett Softwarefollettsoftware.comin𝕏

Follett Software provides technology solutions and platforms for K-12 school districts to streamline administrative and instructional processes.

EdTechEnterprise SoftwareGovTechSaaS

Gainsystemsgainsystems.comin

GAINS builds a composable supply chain planning platform called DEO (Decision Engineering & Orchestration) that uses AI/ML and decision science for network design, inventory optimization, demand forecasting, and replenishment planning.

AI & Machine LearningLogistics & Supply ChainSaaS

Gloriousgloriousgaming.cominNov 2022

Glorious Gaming designs and sells gaming PC peripherals such as keyboards, mice, and headsets, with features like hot-swappable switches and swappable batteries.

Direct to ConsumerGamingHardware

Gotogoto.comin𝕏

GoTo provides a suite of business communication and customer experience platforms, including phone systems, contact center solutions, and unified communications tools for enterprises and mid-market organizations.

Cloud ComputingEnterprise SoftwareSaaS

Rich Veldranin

Grass Valleygrassvalley.comin𝕏

Grass Valley provides a modular platform called AMPP that allows production teams to build and adapt content creation workflows by selecting from an app store of components that can run on-premises, in the cloud, or in hybrid configurations.

Cloud ComputingEnterprise SoftwareHardwareMedia & EntertainmentSaaS

Co-investorsBlack Dragon Capital

Greenslategreenslate.com

GreenSlate provides an all-in-one platform for cast and crew payroll and production accounting, handling crew onboarding, weekly approvals, general ledger integration, and production tax credit tracking.

FintechMedia & EntertainmentSaaS

Co-investorsVSS

Ibossiboss.com

iboss provides a cloud-based security platform that governs AI usage, protects sensitive data, and gives organizations visibility and control over application activity.

AI & Machine LearningCloud ComputingCybersecuritySan Diego, US

Peter Martini(Executive Officer, Director)Paul Martini(Executive Officer, Director)inJustin Sollenne(Executive Officer)

BoardStephen Kearns(Director)Joel Wecksell(Director)Albert Hugo Martinez(Director)

Co-investorsNightDragon

Ichorichorsystems.com

Ichor Systems designs and manufactures gas and chemical delivery subsystems and advanced reactor process equipment for the semiconductor capital equipment industry.

Advanced ManufacturingHardwareSemiconductors

Iconectiviconectiv.comin

Iconectiv administers critical infrastructure for U.S. telecommunications, including local number portability, caller ID authentication, and relay services numbering.

CybersecurityData & InfrastructureEnterprise Software

Kathy Timko(Chief Executive Officer and President of LNPA Services)in

Jama Softwarejamasoftware.comin

Jama Connect is a requirements management platform used by technology and aerospace companies for product development and compliance.

Developer ToolsEnterprise SoftwareSaaS

Derwyn Harris(Founder)Eric Winquist(Founder)Sean Tong(Founder)

Co-investorsInsight PartnersMadrona Venture GroupOregon Venture FundUpdata PartnersTrinity Ventures

Jamfjamf.comin𝕏

Jamf provides Apple device management and endpoint protection software for Mac and mobile devices.

CybersecurityDeveloper ToolsEnterprise SoftwareMinneapolis, US

Zach Halmstad(Founder)inChip Pearson(Founder)

BoardMARTIN A. TAYLOR(Director)BRIAN N. SHETH(Executive Officer, Director)CHARLES GUAN(Executive Officer, Director)MICHAEL E. FOSNAUGH(Executive Officer, Director)

Co-investorsBattery VenturesG SquaredGolub GrowthSummit PartnersVista Equity Partners

Keyloopkeyloop.comin𝕏

Keyloop provides software solutions for automotive retailers to manage customer relationships, operations, and sales processes.

Enterprise SoftwareRetail TechSaaS

Tom Kilroyin

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

2Checkout AvangateAconexAesyntAkqaAPI HealthcareAttachmateAttentiAvalon HealthcareBarracuda NetworksBettermentBeyondTrustBlanccoBlue CoatBlujay KewillC MacCapsuleClicksoftwareCommand AlkonCoverMyMeds.comCross MatchDextrysDrawbridgeDynamoEf JohnsonEfficientipEfrontEGEg SoftwareEsolutionsForcepointFoundationFoundation 9Frontrange SolutionsGoodrxGxsHealthcaresourceHealthlandHeat Software (fka FrontRange Solutions)HypercomK2KobaltLandmarkLegerityLynx Medical SystemsMatrixx SoftwareMetrologicMincomMitel NetworksMonerisMyonNext CapitalNextcapitalNptest CredencenShift (fka Consignor and Unifaun)Nshift ConsignorNumonyxOffice AllyOfficetigerOn Ami SemiconductorOperative SintecmediaOptanixOrchardParadigmPaylease ZegoPaymetricPayscalePlex SystemsPrimaveraPrometheusQuadramedR2NetReciprocityRedprairieRenaissanceRightwaySatixfySectigo ComodoShoregroupSmart FocusSmart ModularSmartFocusSource PhotonicsSpecific MediaSpireSt MathT SystemThinventory (fka ByBox)Thinventory ByboxTrc HealthcareTrellis Rx

Browse all 215 investments with full details →

▶15 more tracked companies

UctUltra Clean HoldingsUnifiedpostVeradigmVerifoneVeson NauticalVitalsourceWatchGuardWaystarWebtrendsXcellenetZegoZenefitsZocdocZotec Partners

Exits · 64

7 IPOs · 57 acquisitions · showing 54

A Place for MomNASDAQ: GDRXGoodRx HoldingsNASDAQ: GDRXLegalZoom.com, Inc.NASDAQ: LZPaysafeNYSE: PSFEWaystar HoldingNASDAQ: WAYWeaveNYSE: WEAV2Checkout Avangateacq. by VerifoneAconexacq. by OracleAesyntacq. by Omnicell IncAkqaacq. by WppAttentiacq. by Allied UniversalBlanccoacq. by Francisco PartnersCapsilonacq. by Ellie MaeClicksoftwareacq. by SalesforceCross Matchacq. by HID GlobalDextrysacq. by EPAM SystemsEf Johnsonacq. by JVCKENWOOD CorporationEfrontacq. by BlackRockEsolutionsacq. by WaystarFrontrange Solutionsacq. by Francisco PartnersGxsacq. by OpentextHealthcaresourceacq. by symplrHealthlandacq. by Computer Programs and Systems, Inc. (CPSI)Hypercomacq. by VeriFone Systems, Inc.Kobaltacq. by Primary Wave MusicKryon Systemsacq. by NintexLegerityacq. by Zarlink SemiconductorLynx Medical Systemsacq. by Picis, Inc.Matrixx Softwareacq. by AmdocsMetrologicacq. by HoneywellMincomacq. by ABB GroupMitel Networksacq. by Searchlight Capital Partners (investor group)Myonacq. by Renaissance LearningNumonyxacq. by Micron TechnologyOffice Allyacq. by Francisco PartnersOfficetigeracq. by R.R. Donnelley & Sons CompanyOptanixacq. by ATSG (Axispoint Technology Solutions Group)Paradigmacq. by Francisco PartnersPaymetricacq. by Vantiv, Inc.Prometheusacq. by Genstar CapitalQuadramedacq. by Francisco PartnersQuorum Softwareacq. by Francisco PartnersRedprairieacq. by JDA Software (reverse merger; later renamed Blue Yonder, now owned by Panasonic)Renaissanceacq. by Francisco PartnersSatixfyacq. by MDA Space Ltd.Shoregroupacq. by ATSG (Axispoint Technology Solutions Group)Smart Focusacq. by ActitoSmart Modularacq. by Silver Lake Partners and Silver Lake SumeruSmartBearacq. by Francisco PartnersSource Photonicsacq. by Suzhou Dongshan Precision Manufacturing Co., Ltd.T Systemacq. by CorrohealthTalentsoftacq. by CegidTrc Healthcareacq. by Colibri GroupTrellis Rxacq. by CPS Solutions

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 18

as of Jun 2023
FundVintageCommittedNet IRRTVPIDPI
FP Credit Partners III Aggregator, L.P.LPs: Empire State Development – New York Ventures, California State Teachers' Retirement System2025—19.7%1.44x0.42x
FP Credit IIILPs: South Carolina Retirement System Investment Commission2024—0.0%——
Francisco Partners Agility IIILPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Empire State Development – New York Ventures +5 more2023——1.18x0.00x
Francisco Partners VIILPs: California Public Employees' Retirement System, Washington State Investment Board, Oregon Public Employees Retirement System +8 more2023——1.10x0.00x
Francisco Partners VII A L.P.LPs: California State Teachers' Retirement System2023—13.7%1.07x—
Francisco Agility IIILPs: South Carolina Retirement System Investment Commission2022—0.9%——
FP Credit Partners II Aggregator, LPLPs: Empire State Development – New York Ventures2021——1.22x0.25x
Francisco Partners VI LPLPs: California State Teachers' Retirement System, Washington State Investment Board, California Public Employees' Retirement System +5 more2021—14.2%1.50x0.17x
Francisco Partners Agility IILPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, California State Teachers' Retirement System +3 more2020—28.0%2.18x0.92x
Francisco Partners GP VILPs: South Carolina Retirement System Investment Commission2020—15.0%——
Francisco Partners V LPLPs: Washington State Investment Board, California State Teachers' Retirement System, Oregon Public Employees Retirement System +5 more2018—18.1%2.30x0.93x
Francisco Partners AgilityLPs: North Carolina Retirement Systems, California State Teachers' Retirement System, Carnegie Corporation of New York2017—82.5%4.96x3.85x
Francisco P art ners IV, L.P.LPs: City of San Jose Police and Fire Department Retirement Plan2015—25.8%3.08x2.39x
Francisco Partners IV LPLPs: Oregon Public Employees Retirement System, California State Teachers' Retirement System, Washington State Investment Board +7 more2015—25.5%3.03x2.44x
Francisco Partners III LPLPs: Oregon Public Employees Retirement System, California Public Employees' Retirement System, California State Teachers' Retirement System +4 more2011—22.9%3.43x3.16x
FRANCISCO PARTNERS II LPLPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, North Carolina Retirement Systems +3 more2006—10.4%1.65x1.64x
Francisco Partners, L.P. - WSIB SecondaryLPs: Washington State Investment Board2004—21.0%2.10x2.14x
Francisco Partners, L.P.LPs: Washington State Investment Board, California Public Employees' Retirement System, John D. and Catherine T. MacArthur Foundation +1 more2000—4.4%1.30x1.27x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

IPO stake values · per SEC filings · 3

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
A Place for Mom24.2%$33.00Sep 2020$2.8B
GoodRx Holdings22.1%$33.00Sep 2020$2.8B
LegalZoom.com, Inc.14.8%$28.00Jun 2021$801.5M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Frequently asked questions

How many investments has Francisco Partners made?
Francisco Partners has 215 tracked investments, 64 of which have exited, including 3 dated in the last 24 months.
What stage does Francisco Partners invest at?
Francisco Partners invests at the Growth, Late Stage stages.
What is Francisco Partners's typical check size?
Francisco Partners typically writes checks of $100M.
What sectors does Francisco Partners focus on?
Francisco Partners focuses on Crypto & Web3, Enterprise Software, SaaS.
Where is Francisco Partners located?
Francisco Partners is headquartered in San Francisco, US.
Does Francisco Partners lead rounds?
Francisco Partners has led 4 of the 7 rounds where its role is on record.
Who does Francisco Partners co-invest with?
Francisco Partners most often shares deals with Golub Growth, Insight Partners, Accel, among 252 tracked co-investors.

Media · Podcasts & interviews

featuring the team

How Dipanjan Deb, Co-Founder & CEO of Francisco Partners ...

Findem · Dipanjan Deb · linkedin.com

Markets are 'reasonably frothy': Francisco Partners' Deb

CNBC Television · Dipanjan Deb

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