Fundraising Fox

Multiplier Capital

Venture debt

Washington · Growth–Late Stage · 13 people tracked

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Investment thesis

Multiplier Capital operates as a growth financing platform focused on providing tailored debt solutions, primarily term loans, to rapidly growing companies that are professionally backed and tech-enabled. Leveraging the partners' combined experience of roughly 90 years, the team has invested over $1.8B across more than 180 transactions during their 20+ years working together. The firm actively seeks opportunities to lend to growth-stage companies backed by institutional investors.

Source: firm website, verified Aug 25, 2026.

Stage
Growth–Late Stage
Check
$3M – $15M
HQ
Washington, District of Columbia, US
Instruments
Debt
Founded
2012
Last 12 months
3 investments
AUM
$503M
Tracked investments
106

Team · 13 people

from the firm's website & public directories
Henry O’Connor· III, General Partnerin

What they invest in

from 75 of 106 portfolio companies

SaaS ×35AI & Machine Learning ×21Enterprise Software ×16Consumer ×15Marketing Tech ×12Data & Infrastructure ×11Healthtech ×11Digital Health ×8

HQs:United States×57Canada×1Slovenia×1

Who they back

founder profiles across 41 portfolio companies
56%
solo founders
23 of 41 mapped founding teams
48%
repeat founders
of 27 founders with career history
~2 yrs
old at investment
median across 9 dated deals

Founding team size:solo founder×232 founders×143 founders×4

Where their founders studiedfrom 26 founders with education data

Stanford University Graduate School of Business ×4University of Illinois Urbana-Champaign ×4Brown University ×3The Wharton School ×3Columbia University Vagelos College of Physicians and Surgeons ×2Cornell University ×2Stanford University ×2University of Washington ×2

Where their founders worked beforefrom 27 founders with career history

Llama Capital Partners ×2McKinsey & Company ×2The Aspen Institute ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×3Techstars ×2

3 founders hold a PhD · 9 hold an MBA (of 26 with degree data)

Investments · 106 tracked

founders shown can be your intro path

By year:2026 · 12025 · 22024 · 22021 · 32018 · 22016 · 22015 · 32011 · 217 dated

Labcorplabcorp.comin𝕏NYSE: LH

Labcorp provides clinical laboratory testing, diagnostics, and lab data services for patients, healthcare providers, and biopharma companies, including genetic health panels, oncology testing, and self-ordered lab tests.

BiotechDigital HealthHealthtech

Co-investorsHavencrest Capital Management

nLight Photonicsnlight.netNASDAQ: LASR

nLIGHT designs and manufactures high-power semiconductor lasers for defense systems, directed energy applications, and advanced manufacturing.

Deep TechDefense TechHardwareVancouver, US

Scott H. Keeney(Executive Officer, Director)Scott Keeney(Founder)inJake Bell(Executive Officer)David Schaezler(Executive Officer)Rob Martinsen(Executive Officer)Joseph DeBartolo(Executive Officer)

Co-investorsMenlo VenturesOak Investment Partners

Akanaakana.comin𝕏

Akana, a Perforce product, is an API management platform that covers the full API lifecycle, including development, security, governance, mediation, integration, and analytics.

Developer ToolsEnterprise SoftwareSaaS

Altamiraaltamiracorp.comin

Altamira Technologies Corporation provides intelligence and technical solutions for U.S. national security missions, serving Intelligence Community and Department of Defense customers across space, cyber, operations, and intelligence tradecraft mission sets.

AI & Machine LearningCybersecurityData & InfrastructureDefense TechGovTechMcLean, US

Jane Chappellin

Co-investorsColumbia CapitalMcNally CapitalRazor's Edge Ventures

Apogee
Apogeeitservicesapogeeitservices.com
Arroweyearroweye.comin𝕏

Arroweye provides card program services for issuers, including production and delivery of credit, debit, prepaid, and gift cards, with options such as eco-friendly card programs.

FintechChicago, US

Render Dahiya(Executive Officer, Director)Michael Cogan(Executive Officer)Marc Nardulli(Executive Officer)Brian Huse(Executive Officer)

BoardJay W. Christopher(Director)James McGrail(Director)

Assignarassignar.comin𝕏

Assignar develops cloud-based operations software for self-perform general contractors and subcontractors working on infrastructure projects, covering both office and field workflows.

Construction TechEnterprise SoftwareSaaSDenver, US

Sean McCreanor(CEO & Co-Founder)Marko Tomic(CTO & Co-Founder)

Co-investorsOIF VenturesOur Innovation FundTola CapitalFifth Wall

Aviacodeaviacode.comAug 2015

Salt Lake City, US

Lane Monson(Executive Officer)Steve Erickson(Executive Officer)

BoardJesse Bland(Director)David McClellan(Director)Jan Newman(Director)Michael Ramich(Director)

Balihoobalihoo.comin𝕏Dec 2011

Balihoo provides a digital marketing platform designed for franchise businesses, enabling coordination between franchisors and franchisees through localized paid search, location marketing, and brand collaboration tools.

Marketing TechRetail TechSaaSBoise, US

Peter Gombert(Executive Officer, Director)Shane Vaughan(Executive Officer)Andrew Piron(Executive Officer)Ron Clevenger(Executive Officer)Paul Price(Executive Officer)

BoardMichael Browner(Director)

Co-investorsOpenView Venture Partners

Blacklynxblacklynx.tech

Co-investorsRazor's Edge Ventures

Bridgevinebridgevine.com
Buffybuffy.co

Buffy sells bedding products including cooling sheets, duvet covers, and comforters designed for temperature regulation and comfort.

ConsumerDirect to Consumer

Shoaib Kabani(Founder)in

Co-investorsAlleyCorpThe Chernin Group (TCG Crypto)Alley Robotics Ventures

Burrowburrow.comin𝕏Acquired

Burrow designs and sells modular furniture with an emphasis on quality, affordability, and fast delivery.

ConsumerE-commerceNew York City, US

Stephen Kuhl(Founder/CEO)inKabeer Chopra(Founder)inSteven Finnern(Executive Officer)

BoardTony Florence(Director)in

Co-investorsAmity VenturesFundersClubNew Enterprise Associates (NEA)Red & Blue VenturesReshapeRobin Hood Ventures+6 more

Callfirecallfire.comin𝕏

CallFire provides text messaging and voice calling tools that businesses use to send appointment reminders, personalized bulk messages, and track advertising and lead-generation campaigns.

Marketing TechSaaSSales Tech

Care Academycareacademy.comin𝕏

CareAcademy provides training, certification, and workforce management software for healthcare providers including home care agencies, home health services, senior living facilities, and hospice organizations.

EdTechHealthtechHR TechCambridge, US

Helen Adeosun(Executive Officer, Director)Helen Adeyinka Adeosun(Founder)inMadhuri Reddy(Executive Officer)

Co-investorsBackstage CapitalChloe CapitalCoalition OperatorsFirst Trust Capital PartnersImpact America FundOne Way Ventures+8 more

Catchcocatchco.com
Central Logiccentrallogic.com

South Jordan, US

Darin M. Vercillo(Executive Officer, Director)Chad Latimer(Executive Officer)

BoardJan Newman(Director)Alan Hall(Director)Scott Frazier(Director)Angela Franks(Director)

ChartSpanchartspan.comin𝕏

ChartSpan provides managed care services, including Chronic Care Management and Remote Patient Monitoring, to help healthcare providers run value-based care programs.

Digital HealthHealthtechSaaS

Co-investorsBIP VenturesSJF Ventures

Chowlychowly.comin𝕏

Chowly offers an AI-powered platform for independent restaurants that shifts orders from third-party delivery apps to commission-free first-party channels, including branded websites, mobile apps, and online ordering connected to the POS.

AI & Machine LearningFoodTechSaaSChicago, US

Sterling Douglass-Barnes(Executive Officer, Director)Sterling Douglass(Co-Founder & CEO)inJustin McNally(Co-Founder & Chief Innovation Officer)Joseph Lawton(Chief Operating Officer)Tom Lawton(Chief Revenue Officer)Mark Whittle(Chief Technology Officer)

Co-investorsArdent VentureBluestein VenturesChicago VenturesFlyover CapitalHyde Park Venture PartnersSandalphon Capital

Coresecuritycoresecurity.com
Coronis Healthcoronishealth.com

Coronis Health provides outsourced revenue cycle management (RCM), medical coding, and billing services for healthcare organizations including community health centers, health systems, hospitals, and physician groups across the US.

Digital HealthHealthtechSaaS

Co-investorsPlexus CapitalVeritas Capital

Credit Sesamecreditsesame.comin𝕏

Credit Sesame provides free credit monitoring and score tracking services for consumers seeking to understand and improve their creditworthiness.

AI & Machine LearningConsumerFintechMountain View, US

Adrian Nazari(Founder)in

BoardDAVID POLTACK(Director)ANDREW LERNER(Director)inJOHN JARVE(Director)inJOHN DOUGERY(Director)inFREDERICK L.A. GRAUER(Director)

Co-investorsCamp One VenturesGlobespan Capital PartnersIA Capital GroupMenlo VenturesRunway Growth CapitalInventus Capital Partners

Cudasvccudasvc.com
Cursefandom.comJun 2015

San Francisco, US

Hubert Thieblot(Founder & Chief Executive Officer)

BoardJean-Francois Clavier(Director)Brian Cho(Director)Hans Tung(Director)inMatthieu Baret(Director)Alain Caffi(Director)

Co-investorsBessemer Venture PartnersNotable CapitalUncork Capital

Daz 3Ddaz3d.com𝕏

Daz3D develops Daz Studio, a 3D character creation toolkit built around the Genesis character system that lets users build realistic human characters and render scenes without modeling, sculpting, or rigging.

Creator EconomyGamingMedia & Entertainment

Co-investorsColumbia Capital

Dejerodejero.comin𝕏Dec 2025

Dejero develops connectivity solutions that combine multiple networks to enable reliable transmission for field operations and live reporting.

Enterprise SoftwareHardwareMedia & Entertainment

Bogdan Frusina(Founder)

Co-investorsPlaza VenturesRunway Growth Capital

Displaidisplai.aiin𝕏

Displai provides AI-powered digital signage, employee experience tools, and location analytics for brick-and-mortar enterprise brands.

AI & Machine LearningRetail TechSaaS

Dropdrop.com

Drop is a gaming collaboration hub under CORSAIR that partners with video game titles to create branded hardware and merchandise, including gaming peripherals, streaming equipment, and accessories for gamers and esports enthusiasts.

ConsumerGamingHardware

Nelson Wu(Founder)in

Co-investorsCowboy VenturesRunway Growth Capital

Echo 360echo360.comin𝕏

Echo360 provides learning engagement and analytics software to educational institutions and organizations.

EdTechEnterprise SoftwareSaaSReston, US

Frederick G.I. Singer(Executive Officer, Director)Anthony Abate(Executive Officer)

BoardJon Patty(Director)Rohit K. Seth(Director)Evan Morgan(Director)Donn Davis(Director)

Co-investorso15 Capital PartnersRunway Growth CapitalSWaN & Legend Venture PartnersRevolutionSCP Vitalife Partners

Endgameendgame.comin𝕏acquired by Elastic · Jun 2019 · $234M

Endgame provided an endpoint protection platform for detecting and preventing advanced threats, with roots in serving U.S. government and defense customers.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareArlington, US

Mark Snell(Executive Officer)Nathaniel C. Fick(Executive Officer, Director)

BoardDavid Cowan(Director)inChris Darby(Director)Kenneth A. Minihan(Director)Thomas E. Noonan(Director)

Co-investorsAmplify PartnersBessemer Venture PartnersColumbia CapitalKleiner PerkinsPaladin Capital GroupSavano Capital Partners+5 more

Facetfacetwealth.comin𝕏Oct 2024 · $35M

Facet offers flat-fee financial planning memberships that pair members with CFP professionals for a personalized financial roadmap covering investing, tax planning and filing, retirement, estate, insurance, education, and equity compensation.

ConsumerFintechSaaS

Anders Jones(Founder)inPatrick McKenna(Founder)in

Co-investorsWarburg PincusDurable Capital PartnersGreen Cow Venture CapitalTeleSoft Partners

Facetfacet.comin𝕏

Facet provides personal financial planning and investment management, using diversified low-cost, tax-efficient ETF portfolios paired with a dedicated CFP professional.

ConsumerFintechBaltimore, US

ANDERSON JONES(Executive Officer, Director, Promoter)PAUL MARTIN(Executive Officer)SHRUTI JOSHI(Executive Officer)DARSHAN PATEL(Executive Officer)CHRIS HUFMAN(Executive Officer)LISA RAPUANO(Executive Officer)

Co-investorsAccelerator Ventures

Fireflyfireflyon.comin𝕏

Firefly operates a network of digital advertising screens on vehicles including car top displays and branded wraps on taxis and rideshare vehicles, delivering geo-targeted and contextually relevant messages to urban audiences across 60,000+ screens in the U.S. and 7 countries globally.

AdTechMarketing TechMarketplacesMedia & EntertainmentMobility & Transportation

Kaan Gunay(Founder)inOnur KardeşlerSteve Cymerman

Co-investorsNFX500 Emerging Europe500 GlobalCaruso VenturesChesterfield FundMaC Venture Capital+8 more

Firefly Systems
Flaviarflaviar.comin𝕏

Flaviar operates a members-only club that curates and distributes rare and craft spirits from distilleries worldwide, providing consumers direct access to premium and independent producers.

B2B MarketplacesConsumerE-commerceFoodTechMarketplacesLjubljana, SI

Jugoslav Petkovic(Founder/CEO)inMatija Rijavec(Founder/Magician, Taster & CTO)inGrisa Soba(Founder)in

BoardMichael Schuster(Director)

Co-investorsFundersClubKima VenturesNewtown PartnersSilicon GardensY CombinatorACE & Company

Foodafooda.comin𝕏

Fooda operates a marketplace that brings restaurant partners and popup dining experiences directly to workplaces, allowing employees to access fresh meals from high-rated restaurants without leaving their office location.

FoodTechHR TechMarketplacesChicago, US

Orazio Buzza(Executive Officer, Director)Jason Stulberg(Executive Officer)Alex Groesbeck(Executive Officer)

BoardJonathan K. Shulkin(Director)Susan S. Hassan(Director)William Pescatello(Director)in

Co-investors500 GlobalChaifetz GroupFull In PartnersLightbankValor Equity Partners

Frontline Educationfrontlineeducation.comin𝕏

Frontline Education provides connected software for K-12 school districts, covering HR and people management (hiring, onboarding, payroll, absences, professional development), student services (special education and health documentation, compliance, reporting), and business operations (finance, purchasing, analytics, asset management).

EdTechGovTechSaaS

Co-investorsLumos Capital GroupRiverwood Capital

Gravy
Gravyanalyticsgravyanalytics.comin𝕏

Provides location intelligence products, offering real-world location data, foot traffic insights for commercial points of interest, and consumer demographic profiles.

AdTechAI & Machine LearningData & Infrastructure

Handle Financial
Headlightheadlight.healthin𝕏Feb 2018

Headlight provides mental health services in the Western U.S., offering therapy and medication management delivered by licensed clinicians through a care coordination model that emphasizes personalized matching and integrated care.

Digital HealthHealthtechMental HealthWalnut, US

Dr. Manish ShethJason Shen(Executive Officer, Director)Wayne Gerard(Executive Officer, Director)

Co-investorsMatrixPACE Healthcare CapitalEPIC VENTURESFounders

Hillcrestlabshillcrestlabs.com
Honest Networkshonest.netin

Honest provides residential and business gigabit fiber internet service with transparent pricing and no long-term contracts.

Cloud Computing

Co-investorsReshape

I and Love and Youiandloveandyou.com𝕏

A pet food brand offering recipes, meals, and treats made with nutrient-rich, easy-to-digest ingredients from vetted sourcing partners.

ConsumerDirect to ConsumerFoodTech

inMarket Mediainmarket.comin𝕏May 2021

InMarket provides a real-time marketing and measurement platform that helps brands reach consumers at the right moment and place across digital and physical channels to drive measurable business outcomes.

AdTechAI & Machine LearningMarketing TechRetail TechCulver City, US

Todd Dipaola(Chief Executive Officer, Co-Founder & Executive Chairman)inMark Dipaola(Co-Founder)Jason Knapp(Chief Legal and Privacy Officer)Deniece Kennedy(Chief Financial Officer)Mike Don(Chief Operating Officer)

Co-investorsComcast VenturesNorth Atlantic Capital

InteliSecureintelisecure.comin𝕏

Greenwood Village, US

Robert Eggebrecht(Executive Officer, Director)Charles Bloomquist(Executive Officer, Director)Julie Layton(Executive Officer)Gary Schlisner(Executive Officer)

BoardJoel Lanik(Director)Robert Dunn(Director)

Co-investorsLevel Equity

Joltjolt.comin𝕏

Jolt is a SmartSense Solution that provides IoT-enabled digital employee empowerment tools including digital checklists, self-training modules, and real-time communication platforms designed for multi-site operations management in industries like food service and healthcare.

Enterprise SoftwareFoodTechFuture of WorkHealthtechHR TechIoTSaaS

Co-investorsAlbum VCAcequia Capital (AceCap)

Jolt SoftwareJul 2021

Lehi, US

CJ Lewis(Director)Joshua Bird(Executive Officer, Director)

BoardRobert Rueckert(Director)Sidney John Krommenhoek(Director)

JOORjoor.comin𝕏

JOOR is a digital wholesale platform connecting brands and retailers globally for buying and selling fashion products.

B2B MarketplacesE-commerceRetail TechSaaSNew York, US

Kristin Savilia(Executive Officer, Director)

BoardDan Ciporin(Director)Michael Brown(Director)inEd Neumann(Director)

Co-investorsAkkadian VenturesBattery VenturesCanaan PartnersEastward Capital PartnersGreat Oaks Venture CapitalBrightwood Capital Advisors+2 more

Kibocommercekibocommerce.comin𝕏

Kibo Commerce offers an AI-powered, modular commerce and order management suite that businesses can adopt one module at a time.

E-commerceRetail TechSaaSAustin, US

Co-investorsIcon Ventures

Komprisekomprise.comin𝕏

Komprise provides analytics-driven unstructured data management and mobility software that helps enterprises analyze, tier, and move file and object data across storage systems and the cloud, including curating data for AI.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareCampbell, US

Krishna Subramanian(Executive Officer, Director, Promoter)inKumar Goswami(Executive Officer, Director, Promoter)inMike Peercy(Founder)in

BoardMaha Ibrahim(Director)inLip Bu Tan(Director)in

Co-investorsCanaan PartnersCelesta CapitalCelesta Capital

Leanplumleanplum.comin𝕏

Leanplum is a mobile marketing platform (associated with CleverTap) offering engagement and messaging tools for mobile apps.

AI & Machine LearningMarketing TechSaaSSan Francisco, US

Sunil Thomas(Co-founder & CEO)in

Co-investorsCanaan PartnersEast 11 VenturesKima VenturesNorwest Venture PartnersTechstarsVoiVoda Ventures+2 more

Liftopialiftopia.com

Co-investorsSlow Ventures

Measurablmeasurabl.comin𝕏

Measurabl is a sustainability data platform for real estate organizations that enables measurement, management, and reporting of environmental performance across buildings and properties.

Climate TechData & InfrastructurePropTechSaaSSan Diego, US

Matt Ellis(Founder)inLance Onken(Founder)Maureen(CEO)Waters Maureen(Executive Officer)

BoardLindsay Luger(Director)inLiza Benson(Director)in

Co-investorsBroadscaleBuilding VenturesCamber CreekConstellation Technology VenturesCrosscut VenturesEnergy Impact Partners+9 more

Metromilemetromile.comJul 2018

San Francisco, US

Dan Preston(Executive Officer, Director)inCarrie Dolan(Executive Officer)

BoardColin Bryant(Director)Neil Rimer(Director)inKarim Hirji(Director)David Friedberg(Director)

Co-investorsFelicis VenturesG SquaredIndex VenturesLinus VenturesNew Enterprise Associates (NEA)

Mizzen and Main
Mizzen+Mainmizzenandmain.cominJan 2016

Dallas, US

Kevin Lavelle(Manager)

Co-investorsVTF Capital

Exits · 8

IPOs and acquisitions across the tracked portfolio

LabcorpNYSE: LHnLight PhotonicsNASDAQ: LASREndgameacq. by ElasticNinthdecimalacq. by InMarketOpenSlate to Be Acquiredby DoubleVerifyacq. by DoubleVerifyScopely, Inc.acq. by Savvy Games GroupSiteSpectacq. by MonetateTrendkiteacq. by Cision

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Multiplier Capital made?
Multiplier Capital has 105 tracked investments, 7 of which have exited via acquisition or IPO, including 3 dated in the last 24 months.
What stage does Multiplier Capital invest at?
Multiplier Capital invests at the Growth, Late Stage stages.
What is Multiplier Capital's typical check size?
Multiplier Capital typically writes checks of $3M – $15M.
What sectors does Multiplier Capital focus on?
Multiplier Capital focuses on AI & Machine Learning, Consumer, Enterprise Software, Fintech, Healthtech, Media & Entertainment, SaaS.
Where is Multiplier Capital located?
Multiplier Capital is headquartered in Washington, US.
Who does Multiplier Capital co-invest with?
Multiplier Capital most often shares deals with 500 Global, Runway Growth Capital, Bessemer Venture Partners, among 234 tracked co-investors.

Images

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