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Partners for Growth (PFG)

Venture debt

Seed–Late Stage

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Investment thesis

Partners for Growth provides growth debt capital to emerging, innovative, high-growth technology companies. Through long-standing strategic partnerships — including a co-lending relationship with SVB dating to the late 1980s, and joint initiatives with development institutions such as IFC (World Bank Group) and IDB Invest — PFG extends venture debt across the U.S. and Canada, Europe, the Middle East, Asia, and Latin America. In Latin America and the Caribbean, PFG co-manages and leads a Venture Debt Latin America Growth Lending Fund, bringing global venture lending expertise into emerging growth markets, with a particular focus on fintech and technology lending.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
Leads rounds
Leads
Instruments
Debt
Last 12 months
2 investments
Tracked investments
215

What they invest in

from 152 of 215 portfolio companies

SaaS ×58Enterprise Software ×41AI & Machine Learning ×37Cybersecurity ×18Data & Infrastructure ×18Marketing Tech ×18Fintech ×17Hardware ×17

HQs:United States×34Australia×14United Arab Emirates×3United Kingdom×3Singapore×2Bahamas×1

Investments · 215 tracked

founders shown can be your intro path

By year:2026 · 12025 · 12022 · 12021 · 12020 · 22017 · 12016 · 12015 · 22014 · 22013 · 22011 · 216 dated

Borqsborqs.comOTC: BRQSFMay 2022

Kwun Tong, Kowloon

Hareesh RamannainSIMON SUN(Executive Officer)PAT SEK YUEN CHAN(Executive Officer, Director)ANTHONY K. CHAN(Executive Director of Finance and US Operations)HEUNG SANG ADDY (DEXTER) FONG(Class II Director)HAREESH RAMANNA(Executive Officer)

Co-investorsAccelNorwest Venture PartnersPartners for Growth

Delldell.comNYSE: DELL

Dell designs and sells computing hardware including laptops (XPS, Alienware gaming), monitors, webcams, and PowerEdge servers, along with IT lifecycle management and support services.

ConsumerEnterprise SoftwareHardware

Michael Dell(Founder)in

Co-investorsIcon VenturesJackson Square VenturesPartners for GrowthUtah Governor’s Office of Economic Development (GOED)

Haemoneticshaemonetics.comin𝕏NYSE: HAE

Haemonetics develops medical technology products and services for hospitals, plasma centers, and blood centers, focused on blood and plasma collection, blood safety, and improving clinical outcomes.

BiotechHealthtechMedical Devices

Co-investorsPartners for Growth

Heicoheico.comin𝕏NYSE: HEI

HEICO Corporation is a technology-driven aerospace, defense, industrial and electronics company operating two segments: a Flight Support Group supplying aftermarket aircraft parts and FAA DER repair/overhaul solutions to airlines, OEMs and the U.S. military, and an Electronic Technologies Group designing and manufacturing electro-optical and electronic products for aerospace, defense, space, medical and electronics markets.

Advanced ManufacturingDefense TechHardwareSpace TechHollywood, US

Victor H. Mendelson(Executive Officer, Director)Eric A. Mendelson(Executive Officer, Director)Laurans A. Mendelson(Executive Officer, Director)Carlos L. Macau, Jr.(Executive Officer)Steven M. Walker(Executive Officer)Julie Neitzel(Director)

Co-investorsPartners for Growth

Martimarti.techinNYSE: MRT

Marti is a Turkish mobility platform offering ride hailing and shared micromobility services (e-mopeds, e-bikes, e-scooters) powered by proprietary software and IoT infrastructure.

B2B MarketplacesIoTMobility & TransportationIstanbul, TR

Co-investorsAdapt VenturesAlleyCorpCOTU VenturesEBRD Venture Capital Investment ProgrammePartners for GrowthWamda Capital+1 more

Perkinelmerperkinelmer.comin𝕏NYSE: RVTYSep 2021Acquired

PerkinElmer is a scientific instrument and technology company that provides analytical tools and services for research, diagnostics, and life sciences applications.

BiotechDeep TechEnterprise SoftwareHealthtechMedical DevicesWaltham, US

James M. Mock(Executive Officer)Andrew Okun(Executive Officer)Joel S. Goldberg(Executive Officer)Prahlad Singh(Executive Officer, Director)Tajinder Vohra(Executive Officer)

BoardSylvie Gregoire(Director)

Co-investorsAmpersandARCH Venture PartnersPartners for Growth

Supercomsupercom.comin𝕏NASDAQ: SPCB

SuperCom is a secure solutions integrator and technology provider offering biometric identification and cyber security systems for governments and other consumer-facing organizations.

CybersecurityDeep TechGovTechTel Aviv, IL

Co-investorsPartners for Growth

Surf Airsurfair.comin𝕏NYSE: SRFM

Surf Air Mobility is a U.S. air mobility company that operates commuter airlines (Southern Airways and Mokulele Airlines) and develops SurfOS, an AI-enabled software platform connecting operators, brokers, and aircraft owners in private aviation.

AI & Machine LearningClimate TechMobility & TransportationTravel & HospitalityHawthorne, US

Sudhin Shahani(Director)Oliver Reeves(Executive Officer)Tyler Painter(Director)Deanna White(Executive Officer)James Bailey(Director)Bruce Gonzalez(Executive Officer)

Co-investorsBase Venture Management, Inc.Mucker CapitalPartners for GrowthThe Global Emerging Markets Group (GEM)Urania VenturesVTF Capital

2Cloudnine2cloudnine.comin

2cloudnine offers a Salesforce-native platform for staffing and recruitment firms, unifying front, middle, and back office operations including payroll, billing, invoicing, and compliance.

AI & Machine LearningHR TechSaaS

Co-investorsPartners for Growth

340Basics340basics.comin

NuvemRx (340 Basics) provides 340B pharmacy program services for community health centers and healthcare providers across the U.S., including third-party administration for contract pharmacies, entity-owned pharmacy setup and optimization, and specialty referral management.

Digital HealthHealthtechSaaS

Co-investorsPartners for Growth

90 Seconds90seconds.com

90 Seconds is a cloud-based video creation platform that connects brands with a global network of local videographers, directors, animators, and other creators to produce high-quality videos at scale.

AI & Machine LearningB2B MarketplacesCloud ComputingCreator EconomyEnterprise SoftwareMarketing TechSaaSSingapore, SG

Mischa Malane(CEO and Co-founder)Tim Norton(Executive Director and Founder)Jake Davy(VP, Product and Co-founder)

Co-investorsAfterWork VenturesAirTree VenturesBEENEXTLiquidity CapitalMars Growth CapitalPartners for Growth+3 more

Academyxiacademyxi.comin𝕏

Academy Xi provides workforce training programs in technology, data, AI, design, and business, offering 60+ courses and tailored corporate training solutions for organisations of any size.

EdTechFuture of WorkHR Tech

Co-investorsPartners for Growth

Act Onact-on.comin

Act-On offers a marketing automation platform with analytics and reporting tools that use conversational AI to visualize engagement data and measure ROI across channels such as email, SMS, webinars, and website activity.

AI & Machine LearningMarketing TechSaaS

Co-investorsNorwest Venture PartnersPartners for GrowthVoyager Capital

ActiveCareDec 2013

Technology and service provider offering real-time visibility into health conditions and risk via ongoing monitoring.

Orem, US

Robert J. Welgos(Director)Jeffrey S. Peterson(Executive Officer, Director)James J. Dalton(Executive Officer, Director)DAVID G DERRICK(Executive Officer, Director)MICHAEL ACTON(Executive Officer)JAMES CARTER(Director)

Co-investorsPartners for Growth

Adlib Softwareadlibsoftware.comin

Adlib provides an "AI production layer" that converts complex, unstructured documents into structured, validated, audit-ready data pipelines that connect to enterprise systems and AI models, with a Trust Score for validation and human oversight.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsDiversisPartners for Growth

Advancedphotonixadvancedphotonix.comin

Advanced Photonix designs and manufactures photodiodes, optical sensors, optocouplers, light dependent resistors, and optical switches, along with integrated electronic modules.

Deep TechHardwareSemiconductors

Co-investorsPartners for Growth

Ailoailo.ioin

Ailo is a property management platform that combines accounting, payments, communication, compliance, inspections, and workflow tools in one system for property management agencies.

FintechPropTechSaaS

Co-investorsPartners for Growth

Airsageairsage.comin

AirSage provides location-based services and mobility data sourced and cleansed from multiple providers, serving government agencies, transportation planners, and analysts for data-driven decision-making.

Data & InfrastructureGovTechMobility & Transportation

Co-investorsPartners for Growth

AliasWirealiaswire.comin

Aliaswire provides an integrated payments and accounts-receivable platform, offering everything from standard payment processing to PayFac-as-a-Service with underwriting, onboarding, reconciliation, reporting and compliance.

Enterprise SoftwareFintechSaaS

Co-investorsPartners for GrowthStage 1 VenturesBigfoot Capital

Anteris Medicalanteris-medical.com

Co-investorsPartners for Growth

Apaiserapaiser.comin

apaiser designs and handcrafts sustainable stone bathware, including bathtubs, basins, vanities, freestanding basins, and accessories.

ConsumerNew Materials

Belinda Try(Founder & Executive Director)

Co-investorsPartners for Growth

Appspaceappspace.comin𝕏

Appspace is a workplace experience platform that combines intranet, digital signage, space reservation, and visitor management into a single system.

Enterprise SoftwareFuture of WorkSaaS

Co-investorsPartners for Growth

Arkoshealtharkoshealth.comin𝕏

Arkos Health provides value-based care solutions that combine technology with in-home, virtual, and in-clinic care to connect payers, provider organizations, and patients.

Digital HealthHealthtech

Tanner(CEO)Jerry Williamson(Executive Director of the Board & Chief Strategy Officer)

Co-investorsPartners for Growth

Assia Incassia-inc.comin𝕏

ASSIA develops core technologies and holds a large patent portfolio for improving internet access performance and subscriber quality of experience.

AI & Machine LearningData & InfrastructureDeep Tech

Co-investorsPartners for Growth

Author Itauthor-it.com

Author-it is a component content management system (CCMS) for creating, reviewing, translating, and publishing structured, single-source content, with an AI-ready JSON output format (AION) that feeds LLMs, RAG pipelines, and AI agents.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsNZ Growth Capital PartnersPartners for Growth

Axitraderaxitrader.comin𝕏

AxiTrader (Axi) is an online trading platform offering CFDs across 650+ assets including forex, crypto, commodities, share CFDs, ETFs, and global indices.

Crypto & Web3Fintech

Co-investorsPartners for Growth

Azulazul.comin𝕏

Azul provides enterprise Java runtime solutions, including a supported OpenJDK distribution with long-term support, and offers migration and advisory services for moving off the Oracle JDK.

Cloud ComputingDeveloper ToolsEnterprise Software

Co-investorsPartners for Growth

Baubapbaubap.comin𝕏

Baubap is a regulated Mexican financial services company that provides microloans up to MXN 9,000 through a mobile app, using mobile-based evaluation rather than traditional credit history or income verification.

AI & Machine LearningFintechMexico City, MX

Roberto Salcedo(Founder)inLuis Villarreal(Founder)in

Co-investorsCathexis VenturesFuel Venture CapitalNeer Venture PartnersPartners for GrowthStartupsY Combinator

Benthicbenthic.cominacquired by Acteon

CleantechData & InfrastructureDeep TechEnergy

Co-investorsPartners for Growth

Biojet Medical Technologies

Drug delivery company with needle-free injection technology.

Co-investorsPartners for Growth

Bluevennbluevenn.com

Co-investorsPartners for Growth

Boundless Networkboundlessnetwork.comin

Boundless is a branded merchandise agency that combines creative brand strategy with scalable operational tools to produce custom promotional products and merch programs for enterprise brands.

E-commerceEnterprise SoftwareMarketing Tech

Co-investorsPartners for GrowthTreaty Oak

Brooksbrooks.comin

Brooks provides automation and contamination control solutions for the semiconductor and life science markets, serving equipment manufacturers, semiconductor fabs, and laboratories.

Advanced ManufacturingRoboticsSemiconductors

Norman Brooks(Co-founder)Frank Brooks(Co-founder)

Co-investorsPartners for Growth

BT Imagingbtimaging.com

BT Imaging builds machine vision systems for defect detection and quality inspection of photovoltaic wafers, cells, and modules, including back-contact, tandem, and multi-bus-bar configurations.

Advanced ManufacturingCleantechHardware

Co-investorsNSW Clean Technology Innovation GrantsPartners for Growth

BY LIMELIGHT NETWORKSlimelight.com

Co-investorsFrontier Venture CapitalPartners for Growth

Cancergeneticscancergenetics.com

Co-investorsErgo CapitalPartners for Growth

Canopy Toolscanopytools.com

Co-investorsPartners for GrowthPerennial Partners

Casetextthomsonreuters.comin𝕏

Thomson Reuters is a content and technology company providing AI-powered tools and information services—including CoCounsel and ONESOURCE—for legal, tax, accounting, risk, fraud, and government professionals.

AI & Machine LearningEnterprise SoftwareLegalTech

Co-investorsAccess Venture PartnersAllen Institute for AI (AI2) IncubatorOwl CapitalPartners for GrowthSPRINGROCK VENTURESStandard Capital

Cats Solutions.Cocats-solutions.co.uk

Co-investorsPartners for Growth

Cbnlcbnl.com

Co-investorsPartners for Growth

Chef'd

El Segundo, US

Kyle Ransford(Executive Officer, Director)Emily Waldorf(Director)Peter Boyes(Executive Officer)Joseph Weber(Director)Jason Ackerman(Director)Chris Growney(Director)

Co-investorsPartners for Growth

Clarity

Operating support system that runs and operates telecommunications networks.

Cleverhousecleverhouse.cc

Clever House is an online retailer selling smart home and gaming hardware, including smart air purifiers, smart lighting, and gaming mice and keyboards from brands such as LIFX, GravaStar, AIRVERSA, and Vitesy.

ConsumerE-commerceHardware

Co-investorsPartners for Growth

Cloudcaribcloudcarib.comin𝕏

Cloud Carib provides cloud infrastructure, hybrid and managed services, including SOC-as-a-Service, firewall management, and disaster recovery, operated from locally located data centres.

Cloud ComputingCybersecurityEnterprise SoftwareNassau, BS

Co-investorsPartners for Growth

Comestricomestri.com

Delta AI is an execution and orchestration layer that connects AI agents to a merchant's existing commerce platform, enriching product data, governing pricing and policies, and enabling agent-driven discovery, decision-making, and transactions across channels.

AI & Machine LearningE-commerceRetail Tech

Co-investorsPartners for Growth

Comficomfi.aiin

Comfi provides working capital financing for SMEs in the UAE through invoice discounting, buy now pay later, and automotive dealer financing, funding businesses in as little as 24 hours.

FintechSaaS

Co-investorsIliad PartnersPartners for Growth500 Global

ConnectAndSellconnectandsell.comin𝕏

ConnectAndSell provides a cloud-based sales acceleration platform that combines human agents and AI to connect B2B sales teams directly with hard-to-reach decision-makers, bypassing gatekeepers and voicemail.

AI & Machine LearningSaaSSales TechLos Gatos, US

Shawn McLaren(Founder)Christopher Beall(Executive Officer, Director)Chris Beall(CEO)William McLaren(Director)Christopher Wade Beall(Executive Officer, Director)

BoardRoger Lang(Director)

Co-investorsFlow CapitalMontage CapitalPartners for Growth

Convergeoneconvergeone.comin𝕏

C1 (ConvergeOne) is an IT services and solutions provider that delivers enterprise communications, network infrastructure, and cybersecurity offerings, including AI-powered and collaboration platforms.

Cloud ComputingCybersecurityEnterprise Software

Co-investorsPartners for Growth

Corewelltok.com

Welltok is an enterprise SaaS platform that enables health plans, employers, providers, and public entities to deliver personalized health improvement resources and incentivize consumer engagement for better health outcomes.

Digital HealthHealthtechSaaS

Co-investorsFlare Capital PartnersFlybridge Capital PartnersPartners for Growth

Cpacketcpacket.comin𝕏

cPacket provides network visibility tools including packet capture, analysis, and delivery, using AI to help network teams with incident detection, investigation, and resolution.

Cloud ComputingCybersecurityData & Infrastructure

Co-investorsPartners for Growth

Csi360csi360.com

Cardiovascular Systems (CSI) develops orbital atherectomy systems (OAS) and related devices such as guide wires, support catheters, and lubricants used to treat peripheral and coronary artery disease.

HealthtechMedical Devices

Co-investorsPartners for Growth

Ctcglobalctcglobal.comin𝕏

CTC Global manufactures advanced ACCC conductors and related engineering services that increase transmission capacity and improve grid performance for electric utilities.

CleantechEnergyHardware

Co-investorsPartners for Growth

Cycliqcycliq.com

Cycliq makes bike-mounted safety cameras that combine front and rear lights with continuous video recording and incident detection for cyclists.

ConsumerHardwareSports Tech

Co-investorsPartners for Growth

Daiseedaisee.comin𝕏

daisee provides AI-based speech analytics that automatically transcribes and scores contact centre calls for quality assurance.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsPartners for Growth

Damstratechnologydamstratechnology.comin

Ideagen Workforce Safety (formerly Ideagen Damstra) is a SaaS provider of workforce safety, risk management, and compliance software, centered on an Enterprise Protection Platform that connects vendor management, security, training, and safety systems.

Enterprise SoftwareHealthtechSaaS

Co-investorsPartners for Growth

Danetechnologiesdanetechnologies.comin

Dane Technologies builds autonomous mobile robots (AMRs) and power assist vehicles for warehouses, distribution centers, and retailers, including autonomous towing vehicles, inventory scanning robots, and automated delivery robots.

Logistics & Supply ChainRetail TechRobotics

Co-investorsPartners for Growth

Data Sciences Internationaldatasci.comin

DSI provides scientific services for preclinical research, including implanted telemetry support, in vivo study execution, data analysis and reporting, and GLP validation.

BiotechHardwareHealthtechMedical DevicesSt. Paul, US

Co-investorsCanaan PartnersPartners for Growth

Datapiperackspace.comin𝕏

Rackspace assembles, integrates, and operates the full enterprise AI stack, from governed private cloud to AI inference and agents in production, for regulated and high-stakes enterprise environments.

AI & Machine LearningCloud ComputingEnterprise Software

Richard Yoo(Founder)inGraham Weston(Founder)in

Co-investorsMillennium New HorizonsNorwest Venture PartnersPartners for GrowthTectonic Ventures

Delivery Agent

Provides TV media companies with shopping-enabled programming and content monetization.

Browse all 215 investments with full details →

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Exits · 15

IPOs and acquisitions across the tracked portfolio

BorqsOTC: BRQSFDellNYSE: DELLHaemoneticsNYSE: HAEHeicoNYSE: HEIMartiNYSE: MRTPerkinelmerNYSE: RVTYSupercomNASDAQ: SPCBSurf AirNYSE: SRFMBenthicacq. by ActeonKorrioacq. by Waud CapitalMindjetacq. by Corel (Alludo)Omnilsacq. by Corin GroupPathfireacq. by DG FastChannelSungardasacq. by 11:11 SystemsUnideskacq. by Citrix

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Partners for Growth (PFG) made?
Partners for Growth (PFG) has 215 tracked investments, 11 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
What stage does Partners for Growth (PFG) invest at?
Partners for Growth (PFG) invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does Partners for Growth (PFG) focus on?
Partners for Growth (PFG) focuses on AI & Machine Learning, Fintech, Sector Agnostic.
Does Partners for Growth (PFG) lead rounds?
Yes, Partners for Growth (PFG) leads investment rounds.
Who does Partners for Growth (PFG) co-invest with?
Partners for Growth (PFG) most often shares deals with Partners for Growth, Montage Capital, Icon Ventures, among 228 tracked co-investors.

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