Fundraising Fox

Francisco Partners

Private equity

San Francisco

Also known as FRANCISCO PARTNERS MANAGEMENT, L.P.

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Investment thesis

Francisco Partners is a technology-focused investment firm that provides capital to technology and tech-enabled services companies through both private equity and credit funds. Founded more than 25 years ago, it is among the largest technology-focused investors globally.

Source: firm website, verified Aug 25, 2026.

HQ
San Francisco, CA, US
Instruments
Equity · Debt
Founded
2017
AUM
$47.1B
Tracked investments
188

What they invest in

from 81 of 188 portfolio companies

SaaS ×50Enterprise Software ×31AI & Machine Learning ×20Data & Infrastructure ×14Cloud Computing ×13Fintech ×12Cybersecurity ×11Digital Health ×10

HQs:United States×30United Arab Emirates×1Canada×1France×1United Kingdom×1

Who they back

founder profiles across 15 portfolio companies
53%
solo founders
8 of 15 mapped founding teams

Founding team size:solo founder×82 founders×33 founders×34+ founders×1

Investments · 188 tracked

founders shown can be your intro path

By year:2025 · 12016 · 22015 · 25 dated

GoodrxNASDAQ: GDRX
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

Jeff Stibelin

Co-investorsCross Creek AdvisorsIVP (Institutional Venture Partners)Kleiner PerkinsMillennium New HorizonsMillennium Technology Value PartnersTA Associates+1 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

WaystarNASDAQ: WAY
Weave CommunicationsNYSE: WEAV

Lehi, US

Clint Berry(Executive Officer, Director)Jared S. Rodman(Executive Officer, Director)Brandon Rodman(Executive Officer, Director, Promoter)Marcus Bertilson(Executive Officer)Brett White(Executive Officer, Director)Jason Christiansen(Executive Officer)

Co-investorsPelion Venture Partners

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)Blair Greenberg(Director)Wai Yan Sandy Chau(Director)

Co-investorsBuilding VenturesGolub GrowthKarlani CapitalBerkshire

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

Matthew Scantland(Executive Officer, Director)

BoardChris Adams(Director)Andrew 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-investorsGecad 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+5 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-investorsTPGGolub GrowthSixth Street

Dynamo Softwaredynamosoftware.comin𝕏✓ 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)Hank Boughner(CEO)

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

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)

Co-investorsAccel-KKRDCM VenturesGolub GrowthSapphire Ventures

2Checkout Avangate
8x88x8.com

Prior team investment (NYSE:EGHT).

Co-investorsCarbide VenturesG20 Ventures

Aconex
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 develops legal software for law firms, covering practice management, time and billing, eBilling, compliance, calendaring/docketing, recruiting, and financial management, with AI agents and a cloud platform for legal operations.

AI & Machine LearningLegalTechSaaS

Aeries Software
Aesynt
Akqa
API Healthcare

Healthcare-specific workforce management software for health systems

Co-investorsVeritas Capital

Attachmateattachmate.com

Co-investorsJMI Equity

Attenti
Availity

HealthtechJacksonville, US

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

Co-investorsNovo Holdings

Avalon
BARBRIbarbri.comin𝕏

BARBRI offers bar exam preparation courses for law graduates and legal professionals studying for U.S. bar exams, including the Uniform Bar Exam (UBE) and the NextGen UBE across all U.S. jurisdictions.

EdTechLegalTech

Co-investorsLeeds

Barracudabarracuda.comin𝕏

Barracuda provides a cybersecurity platform (BarracudaONE) covering email, data, application, and network protection, along with a managed XDR service for threat detection and incident response.

CybersecurityEnterprise SoftwareSaaS

Co-investors33NSequoia CapitalTen Eleven

Barracuda Networks
Betterment

US based money manager offering investing and retirement solutions

Co-investorsAnthemis VentureGlobespan Capital PartnersGrand VenturesKhosla VenturesKinnevikSecond Alpha Partners+1 more

BeyondTrust

Cyber security threat management software to reduce IT security risks and simplify compliance reporting.

Co-investorsInsight PartnersVeritas Capital

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)ANOOP BHATTACHARJYA(Executive Officer)CHRISTOPHER CHAN(Executive Officer)ANDREW URUSHIMA(Executive Officer)RICH CAMPAGNA(Chief Marketing Officer)

Co-investorsAllegisCyber CapitalJavelin Venture PartnersNew Enterprise Associates (NEA)Norwest Venture PartnersSamsung Catalyst FundScout Ventures+2 more

Black Ducksynopsys.comin𝕏

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+10 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)

Blancco
Blue Coatbluecoat.com

Co-investorsAllegisCyber Capital

Blujay Kewill
Bswiftbswift.comin𝕏

bswift is an AI-native benefits administration platform that helps employers manage enrollment, eligibility, and compliance, offering both fully customizable (Unlimited) and pre-defined (Simplify) implementation paths.

AI & Machine LearningHR TechSaaS

Co-investorsEscalate Capital Partners

C Mac
Capsa Healthcarecapsahealthcare.com

Co-investorsLevine Leichtman

Capsilonin

San Francisco, US

Sanjeev Malaney(Executive Officer, Director)David Sohm(Executive Officer)David Chen(Executive Officer)Martin Waters(Executive Officer)

Capsule
Catalyst Repository Systemsin𝕏

OpenText provides enterprise software for data management, content management, and AI-powered automation across organizations.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise Software

Co-investorsCatalyst InvestorsColle Capital PartnersFTV CapitalIn-Q-TelJMI Equity

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(Director)Santiago Subotovsky(Director)Adam Dell(Director)Charles Thornburgh(Executive Officer, Director)Scott Chamberlain(Executive Officer)

BoardRichard Segal(Director)

Co-investorsElsewhere PartnersEmergence Capital PartnersEscalate Capital PartnersHigh AlphaNew Markets Venture PartnersSJF Ventures+1 more

Clicksoftware
Corsair
CoverMyMeds

Co-investorsJumpstart Ventures

Cross Match
Dextrys
Discovery Educationdiscoveryeducation.comin𝕏

Discovery Education provides a K-12 education platform offering digital curriculum, educator-vetted content, and instructional tools across core subjects such as literacy, science, and social studies.

EdTechSaaS

Co-investorsLumos Capital Group

Dynamo
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

Mark Hall(Chief Executive Officer)Pawan Joshi(Chief Strategy Officer)Lynn Holmgren(EVP, Chief Administrative Officer and Chief of Customer Operations)

Co-investorsCross Creek AdvisorsGolub GrowthInsight PartnersJK&B Capital

Edifecsedifecs.comin

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

Ef Johnson
efficient IPefficientip.comin𝕏

EfficientIP develops SOLIDserver, a DDI platform that unifies DNS, DHCP, and IP address management for enterprises to control, automate, and secure their on-premise and cloud networks.

CybersecurityData & InfrastructureEnterprise Software

Co-investorsForgePoint CapitalJolt CapitalTempoCap

Efront
Eg Software

Exits · 8

IPOs and acquisitions across the tracked portfolio

GoodrxNASDAQ: GDRXLegalZoom.com, Inc.NASDAQ: LZPaysafeNYSE: PSFEWaystarNASDAQ: WAYWeave CommunicationsNYSE: WEAVKryon Systemsacq. by NintexSmartBearacq. by Francisco PartnersTalentsoftacq. by Cegid

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 System202519.7%1.44x0.42x
FP Credit IIILPs: South Carolina Retirement System Investment Commission20240.0%
Francisco Partners Agility IIILPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Empire State Development – New York Ventures +5 more20231.18x0.00x
Francisco Partners VIILPs: California Public Employees' Retirement System, Washington State Investment Board, Oregon Public Employees Retirement System +8 more20231.10x0.00x
Francisco Partners VII A L.P.LPs: California State Teachers' Retirement System202313.7%1.07x
Francisco Agility IIILPs: South Carolina Retirement System Investment Commission20220.9%
FP Credit Partners II Aggregator, LPLPs: Empire State Development – New York Ventures20211.22x0.25x
Francisco Partners VI LPLPs: California State Teachers' Retirement System, Washington State Investment Board, California Public Employees' Retirement System +5 more202114.2%1.50x0.17x
Francisco Partners Agility IILPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, California State Teachers' Retirement System +3 more202028.0%2.18x0.92x
Francisco Partners GP VILPs: South Carolina Retirement System Investment Commission202015.0%
Francisco Partners V LPLPs: Washington State Investment Board, California State Teachers' Retirement System, Oregon Public Employees Retirement System +5 more201818.1%2.30x0.93x
Francisco Partners AgilityLPs: North Carolina Retirement Systems, California State Teachers' Retirement System, Carnegie Corporation of New York201782.5%4.96x3.85x
Francisco P art ners IV, L.P.LPs: City of San Jose Police and Fire Department Retirement Plan201525.8%3.08x2.39x
Francisco Partners IV LPLPs: Oregon Public Employees Retirement System, California State Teachers' Retirement System, Washington State Investment Board +7 more201525.5%3.03x2.44x
Francisco Partners III LPLPs: Oregon Public Employees Retirement System, California Public Employees' Retirement System, California State Teachers' Retirement System +4 more201122.9%3.43x3.16x
FRANCISCO PARTNERS II LPLPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, North Carolina Retirement Systems +3 more200610.4%1.65x1.64x
Francisco Partners, L.P. - WSIB SecondaryLPs: Washington State Investment Board200421.0%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 more20004.4%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).

Frequently asked questions

How many investments has Francisco Partners made?
Francisco Partners has 176 tracked investments, 5 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
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.
Who does Francisco Partners co-invest with?
Francisco Partners most often shares deals with Accel, Insight Partners, Golub Growth, among 151 tracked co-investors.

Images

Francisco Partners photo

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