How many investments has Spectrum Equity made?

Spectrum Equity has 100 tracked investments, 11 of which have exited, including 5 dated in the last 24 months.

What stage does Spectrum Equity invest at?

Spectrum Equity invests at the Series A, Series B, Series C, Growth, Late Stage stages.

What is Spectrum Equity's typical check size?

Spectrum Equity typically writes checks of $25M – $250M.

Where is Spectrum Equity located?

Spectrum Equity is headquartered in Boston, US.

Does Spectrum Equity lead rounds?

Yes, Spectrum Equity leads investment rounds.

Who does Spectrum Equity co-invest with?

Spectrum Equity most often shares deals with 500 Global, Silversmith Capital Partners, Y Combinator, among 188 tracked co-investors.

Spectrum Equity

Growth equity

Boston · Series A–Late Stage · 58 people tracked

Also known as SPECTRUM EQUITY MANAGEMENT, INC.

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Investment thesis

Spectrum Equity is a growth equity firm partnering with founders and management teams to scale their businesses. It emphasizes building value through shared perspective, strategic connections, and focused commitment, positioning itself as a founder-friendly investor. Its activity spans software, fintech, cybersecurity, and health technology companies, providing growth capital to established, scaling businesses.

Invests inAI & Machine Learning Cybersecurity Data & Infrastructure Enterprise Software Fintech Healthtech Media & Entertainment SaaS Boston Europe North America United Kingdom United States

Source: firm website, verified Sep 29, 2026.

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Stage

Series A–Late Stage

Check

$25M – $250M

Boston, MA, US

Leads rounds

Leads

Instruments

Equity

Founded

1994

Last 12 months

3 investments

AUM

$7.3B

Tracked investments

100

Unicorns

Acquisitions

Team · 58 people

from the firm's website & curated & public directories

Adam Margolin· Managing Director· Boston, Massachusetts, United States

Anna Yu· San Francisco, California, United Statesin

Ben Spero· Managing Director· San Francisco, California, United Statesin

Managing Director featured in a partner conversation with the CEO of The Knot Worldwide.

Emily Fox· Greater Bostonin

John Connolly· Managing Director· San Franciscoin

John Connolly is a Managing Director at Spectrum Equity, which he joined in 2009, where he helps lead the firm's software and internet investments. Before Spectrum, he worked in investment banking at Credit Suisse, and he holds a BA from Georgetown University. He has led Spectrum investments including Kajabi, Otter, and Teachers Pay Teachers.

Leah Palmer· Managing Director and General Counsel· San Francisco, California, United Statesin

Leah Palmer is a Managing Director and General Counsel at Spectrum Equity, overseeing legal matters across the firm's investments, exits, portfolio activity, fund formation and operations. She previously was a partner at Kirkland & Ellis LLP and holds a JD from Columbia University and a BA from Smith College.

Michael Radonich· Managing Director· Bostonin

Based in Boston, he first joined Spectrum in 2009 as an Associate and rejoined in 2016 after Wharton Business School. He focuses on growth-stage healthcare technology, fintech, and vertical data businesses, including Payer Compass, Datassential, Spreedly, PWNHealth, SavvyMoney, and VBA Software. He started his career at Financial Technology Partners and studied at Villanova University.

Mike Farrell· Managing Director· Cambridge, Massachusetts, United Statesin

Managing Director at Spectrum Equity who commented on the firm's investment in and support of CyberCube.

Parag Khandelwal· Managing Director· Londonin

Parag Khandelwal is a Principal at Spectrum Equity, which he joined as an Associate in 2012. He focuses on enterprise software, cybersecurity, and financial technology. He holds a BA in Mathematics and Economics from Northwestern University and previously worked as an Analyst in J.P. Morgan's Restructuring Group in New York City.

Vic Parker· Managing Director

Vic Parker is a Managing Director at Spectrum Equity.

Chris Mitchell· Managing Director

Jeff Haywood· Managing Director

Ronan Cunningham· Managing Director

Steve LeSieur· Managing Director

Darragh Cummins· Managing Director· Dublinin

Financial Accountant who joined in 2024 and is a member of the Institute of Chartered Accountants Ireland, having trained with PwC.

Kristina Church· Managing Directorin

Advisory board member; Head of Sustainability at BNY Mellon Investment Managers.

Mark Bartlett· Managing Director· Plymouth, Michiganin

Joined Sandbox Industries in 2022 as a Venture Partner supporting investment activities. Previously CFO of Blue Cross Blue Shield of Michigan for 25 years.

Matt Neidlinger· Managing Director

Annaliesa Routh· Principal· Boston, Massachusetts, United Statesin

Cameron Ghorbani· Principal· Londonin

Emily Calkins· Principal· San Francisco, California, United Statesin

Emily Calkins is a Principal at Spectrum Equity, where she works with software and data businesses. She can be reached at ecalkins@spectrumequity.com.

Rachel Subasic· Principal, Market Research and Investment Operations· Greater Minneapolis-St. Paul Areain

Marketing and PR professional who joined Rally in July 2020, responsible for the firm's marketing, PR and editorial content and portfolio community development. She previously led communications for Questscope.

Julia Kuo Chen· Principal

Kevan Olander· Principal

Brian Regan· Managing Director and Chief Financial Officer· Napa, California, United Statesin

Brian Regan joined Spectrum Equity in 2015 as Managing Director and CFO, overseeing financial operations. He previously served as CFO at Shutterfly, Nextag, and Ticketmaster Entertainment, and held finance leadership roles at LendingTree and Expedia, beginning his career as a CPA at Price Waterhouse.

Coley Florance· Head of Talent· San Francisco, California, United Statesin

Head of Talent who approaches portfolio partnerships with curiosity, building trust with CEOs, founders, and management teams.

Mahika Mehrotra· Associate· Londonin

Matthias Ferring· Associate· Londonin

Adolfo Pena· Director

Al Kelly· Executive Officer

Alec N. Litowitz· Executive Officer

Brent Reel· Director· Charlotte Metro

Brion B. Applegate· Executive Officer· San Francisco Bay Areain

Caroline Grier· Executive Officer· Charlotte, North Carolina, United States

Christopher Bodden· Director

Craig Miller· Executive Officer

Darryl Dewberry· Directorin

David Snyderman· Executive Officer· United Statesin

David Snyderman is Managing Partner at Magnetar and Global Head of the firm's Alternative Credit and Fixed Income business, overseeing investment sourcing across corporate credit, mortgages and real estate, consumer and specialty finance, and energy and transportation assets. He chairs the Investment Committee and sits on the Management Committee, having joined Magnetar in 2005 with nearly 25 years of fixed income experience. Earlier he was head of global credit and a senior managing director at Citadel Investment Group, worked on convertible and special situations portfolios at Koch Industries, and began his career at PricewaterhouseCoopers.

Dawn Griffiths· Director

Guy Swayne· Director

James Dulin· Directorin

James J. Quagliaroli· Executive Officer

Jeffrey M. Saye· Executive Officer

John Boylan· Director· Raleigh, North Carolina, United States

John Collis· Director

Lew Semones· Director· Charlotte Metro

Michael Turro· Executive Officer· Glenview, Illinois, United Statesin

Michael Turro is Head of Enterprise Risk at Magnetar, where he advises the firm and oversees processes for reviewing and resolving conflict issues. He previously served as Magnetar's Chief Compliance Officer from the firm's founding in 2005 through 2024, and earlier held roles as Director of Equity Business Management and compliance officer at UBS AG, with prior experience at Pricewaterhouse (now PwC) and the National Futures Association. He holds an MBA from Northwestern's Kellogg School of Management and a BBA in Public Accounting from Loyola University Chicago, and is a CPA.

Peter T Jensen· Executive Officer

Randy J. Henderson· Executive Officer· Menlo Park, California, United Statesin

Ross Laser· Executive Officer

Ross Laser is the Co-Founder and President of Magnetar, which he helped launch in 2005 and grow from about $1 billion to more than $17 billion, serving as Chair of the Executive Committee and overseeing firmwide management, talent acquisition, and capital formation. He previously was President and Managing Partner of Glenwood Capital Investments, a fund of funds manager he helped scale before leading its sale to Man Group, and founded Marin Capital, a convertible arbitrage manager. He began his career at the Chicago Mercantile Exchange in 1985 and holds a BA in Psychology from the University of Michigan.

S. Alan Milgate· Director

Stephen McClure· Director

Victor E Parker, Jr.· Executive Officer

William E.J. Walmsley· Director

William P. Collatos· Executive Officer

Jack Damon· AI Lead· United Statesin 𝕏

Jack Damon founded Supertone and is currently working on data and machine learning at Viam.

Jun Li· Vice President· Santa Clara, California, United Statesin

Jun Li is Managing Partner at SV Tech Ventures, focusing on venture capital investment in early-stage technology companies. His areas of focus include electronic design automation in the semiconductor industry, enterprise software, cloud and mobile software, and smart and wearable devices. He has worked on business and technology development across the United States, China, Japan, and the Asia-Pacific region.

Michael Woo· Investment Professional· Singaporein

Michael Woo is a Managing Director at Primavera, where he leads the firm's investment activities across Southeast Asia. He previously served as co-Head of APAC Financials at BofA Securities, was a Managing Director in investment banking at Goldman Sachs, and worked in structured credit as a Vice-President at JPMorgan. He holds a BA from Stanford University.

Founder mafia

5 people who came through Spectrum Equity went on to found or lead other companies.

Savanna SilverGrowth Equity AnalystFounded Salient Jack DamonAI LeadFounded Supertone Ryan GaertnerGrowth InvestorFounded DubClub Shalin MehtaTechnology InvestorFounded Serif Health Jim EmlingSenior AdvisorFounded Datassential

What they invest in

from 72 of 100 portfolio companies

SaaS ×50Enterprise Software ×28AI & Machine Learning ×22Fintech ×15Data & Infrastructure ×12Consumer ×11Healthtech ×11EdTech ×10

HQs:United States×42Canada×2United Kingdom×2Australia×1Belgium×1Germany×1

Who they back

founder profiles across 42 portfolio companies

57%

solo founders

24 of 42 mapped founding teams

41%

repeat founders

of 49 founders with career history

~4.5 yrs

old at investment

median across 18 dated deals

Founding team size:solo founder×242 founders×93 founders×54+ founders×4

Where their founders studiedfrom 52 founders with education data

Harvard University ×3KU Leuven ×3Harvard Business School ×2KTH Royal Institute of Technology ×2Massachusetts Institute of Technology ×2Peking University ×2Trinity College Dublin ×2University of Arizona ×2

What their founders studiedfrom 48 founders with field-of-study data

Computer Science ×19Business & Management ×8Economics ×8Finance & Accounting ×5Humanities ×5Engineering ×4Law ×4Politics & Policy ×2

Where their founders worked beforefrom 49 founders with career history

Google ×4Bank of America ×3Microsoft ×3ADP ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×4

2 founders hold a PhD · 6 hold an MBA (of 50 with degree data)

Investments · 100 tracked

founders shown can be your intro path

By year:2026 · 2 2025 · 3 2024 · 1 2023 · 1 2022 · 3 2021 · 5 2020 · 2 2019 · 2 2018 · 1 2017 · 3 2016 · 1 2015 · 333 dated

CINC Systemscincsystems.com in✓ verified

CINC Systems provides property management software for homeowners associations, consolidating financial operations, management tasks, and data across a single platform.

AI & Machine LearningEnterprise SoftwareFintechPropTechSaaSAtlanta, US

Bill Blanton in

CyberCubecybcube.com in 𝕏✓ verified

CyberCube provides cyber risk quantification through data, analytics, and modeling that translate cyber threats into financial impact for insurers, reinsurers, and brokers.

AI & Machine LearningCybersecurityInsurTechSan Francisco, US

Pascal MIllaire(General Manager (at founding as Symantec division))inMatthias Weber(Director)Mike S. Rogers(Director)

BoardJ. Alberto Yepez(Director)Don Dixon(Director)in

Co-investorsForgePoint Capital MTECH CAPITAL Hudson Structured Capital Management Stone Point HSCM Ventures

Digital Marketing Institutedigitalmarketinginstitute.com in 𝕏Sep 2017✓ verifiedacquired by BPP

Digital Marketing Institute provides globally recognized certification and training courses in digital marketing for professionals seeking to develop skills and advance careers.

EdTechEnterprise SoftwareMarketing TechDublin, IE

Ian Dodson(Founder)in Anthony Quigley(Founder)in

SavvyMoneysavvymoney.com in 𝕏Oct 2025 · $225M✓ verified

SavvyMoney provides a digital banking platform that integrates credit insights and financial tools into financial institutions' digital experiences.

FintechSaaS

JB Orecchia(President & CEO)in

Co-investorsCanapi Ventures Core Venture Capital TransUnion

Tenstreettenstreet.com in 𝕏Nov 2016✓ verified

Tenstreet provides a software platform for the trucking industry that connects motor carriers and private fleets with drivers, covering driver marketing, recruiting, onboarding, safety, fuel management, and retention.

HR TechLogistics & Supply ChainSaaSTulsa, US

Tim Crawford(CEO)in

WorkFlexworkflex.com inMar 2026✓ verified

WorkFlex is a platform that automates cross-border compliance for business trips, workations, and long-term assignments, handling A1 certificates, posted worker notifications, visas, tax requirements, and duty of care.

Future of WorkHR TechLegalTechSaaS

Pieter Manden(Co-Founder, Managing Director)in

Co-investorsBOOOM Visionaries Club CincyTech

1000Memoriesancestry.com inacquired by Exit Blackstone · Dec 2020 · $4.7B

1000Memories lets families upload and organize historical photographs while building family trees and sharing memories with relatives.

ConsumerSan Francisco, US

Rudy Adler(Founder)in Jonathan Good(Founder)Brett Huneycutt(Founder)in

Co-investorsCrosslink Capital Draper Associates STARTUP IGNITION VENTURES W Capital Partners Y Combinator

AllTrailsalltrails.com in 𝕏Dec 2011

AllTrails offers a digital platform and mobile app for discovering, mapping, and navigating hiking, biking, and running trails, with detailed trail guides, reviews, and points of interest across national parks, state parks, and cities worldwide.

ConsumerSports TechTravel & HospitalitySan Francisco, US

Russell Cook in Ron Schneidermann in

BoardJustin J. Camp(Director)

Co-investors500 Global Great Oaks Venture Capital Voyager Capital

Animotoanimoto.com

Jason Hsiao(Founder)in

Co-investorsKindred Ventures Madrona Venture Group

Astoundastound.com 𝕏

Astound provides broadband internet and related connectivity services to residential and business customers across multiple U.S. markets.

Cloud ComputingConsumerEnterprise SoftwareMedia & Entertainment

Co-investorsCapitalG Stonepeak

Awardcoawardco.com in

Awardco provides an employee recognition and rewards platform that enables organizations to recognize employee achievements, incentivize performance improvements, and reward excellence while supporting charitable giving and community impact.

ConsumerEnterprise SoftwareFuture of WorkHR TechSaaSSales TechLindon, US

Steve Sonnenberg(Executive Officer, Director)inTanner Runia(Executive Officer, Director)inMichael Sonnenberg(Executive Officer, Director)

BoardNari Ansari(Director)Paul Kwan(Director)inAdam Gassin(Director)

Co-investorsGeneral Catalyst Sixth Street

Benchmark Mineral Intelligencebenchmarkminerals.com in 𝕏

Benchmark provides independent price reporting, market data, and supply chain intelligence for critical energy transition commodities including lithium, nickel, cobalt, and rare earth elements.

Climate TechData & InfrastructureEnergyNew Materials

Bitlybitly.com in 𝕏Mar 2012

Bitly is a technology company that provides link management products, including URL shortening and related connection tools for its customers.

AdTechData & InfrastructureMarketing TechSaaSNew York, US

Sam Mandel(Executive Officer, Director)in Peter Stern(Executive Officer, Director)inPeter(CEO)inKelsey(Chief Product and Technology Officer)inMatt(Chief Technology Officer)inKelly(Chief Legal & Administrative Officer)

Co-investorsBetaworks Kapor Capital LocalGlobe Uncork Capital RRE Ventures

BMI (Fitch)fitchsolutions.com in 𝕏

Fitch Solutions is part of the Fitch group, operating in financial decision-making and analytics services.

Data & InfrastructureEnterprise SoftwareFintech

Rachel Lojko(President)in

Co-investorsInvest Northern Ireland

Casetextthomsonreuters.com in 𝕏Acquired

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 SoftwareLegalTechSan Francisco, US

Jake Heller(Founder/CEO)in Steve Hasker(President and Chief Executive Officer)in

Board John Buttrick(Director)

Co-investors8VC Access Venture Partners Allen Institute for AI (AI2) Incubator BoxGroup BuildGroup Canvas Ventures +24 more

Customer.iocustomer.io in 𝕏

Customer.io offers a customer engagement platform with a visual workflow builder and AI features for building automated, cross-channel marketing and transactional messaging journeys across email, push, in-app, SMS, WhatsApp, Slack, and webhooks.

AI & Machine LearningData & InfrastructureMarketing TechSaaS

Colin Nederkoornin

Co-investorsBeyond Capital BoxGroup Earl Grey Capital FJ Labs Kima Ventures Knockout Capital +8 more

DataCampdatacamp.com in 𝕏Dec 2018

DataCamp is a learning platform for teams that teaches data and AI skills through hands-on coursework accessible via web browser and mobile app.

AI & Machine LearningData & InfrastructureEdTechNew York City, US

Jonathan Cornelissen(Executive Officer, Director, Promoter)in Dieter de Mesmaeker(Executive Officer, Director, Promoter)in Martijn Theuwissen(Executive Officer, Director, Promoter)in

Co-investorsCOTU Ventures imec.istart Techstars Accomplice Arthur Ventures

Datassentialdatassential.com in 𝕏acquired by New Mountain Capital

Datassential provides food and beverage market intelligence, using data and AI to help companies across the foodservice ecosystem develop, market, and sell their products.

AI & Machine LearningData & InfrastructureFoodTechChicago, US

Jack Li(Founder)in Jim Emling in

Co-investorsNew Mountain Capital

Definitive Healthcaredefinitivehc.com in 𝕏

Definitive Healthcare delivers market intelligence and data analytics on healthcare organizations, clinicians, and consumers, serving life sciences companies, healthcare providers, and other industries that interact with healthcare.

AI & Machine LearningData & InfrastructureEnterprise SoftwareHealthtech

Kevin Coop(Chief Executive Officer)in

DispatchTrackdispatchtrack.com in 𝕏May 2020 · $144M

DispatchTrack provides a delivery management platform that optimizes last-mile logistics operations for retailers, distributors, and logistics providers globally.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaS

Satish Natarajan(Founder, CEO)Shailu Satish(Co-Founder, COO)in

Disputegetdispute.comJul 2025 · $300M

Dispute is an online secretarial, mailing, and e-scrivery service that provides self-help legal services to individuals.

LegalTechSaaS

Co-investorsResolute Ventures

EagleVieweagleview.com in 𝕏

EagleView provides an aerial imagery archive with over 25 years of high-resolution orthogonal and oblique imagery covering 96% of the US population and expanding coverage in Canada.

AI & Machine LearningData & InfrastructurePropTechSaaS

Co-investorsBuilding Ventures Vista Equity Partners Clearlake Capital Group

Easeease.com in 𝕏

Ease provides a cloud-based benefits administration platform designed for small group employers, brokers, and benefits professionals to streamline employee benefits enrollment, management, and decision-making.

Enterprise SoftwareHR TechInsurTechSaaSSan Francisco, US

Courtney Guertin(Founder)in

Co-investorsCompound Insignia Ventures Partners Propel Venture Partners Runway Venture Partners Transmedia Capital

Employee Navigatoremployeenavigator.com in 𝕏

Employee Navigator provides a benefits administration, HR management, and compliance platform used by employers and insurance brokers to manage employee benefits, ACA reporting, payroll integrations, onboarding, and time-off tracking.

HR TechInsurTechSaaSFrederick, US

Cherie Marks(Founder)in

Co-investorsJMI Equity Centana Growth Partners Centana Partners Freestyle Capital Transmedia Capital

Empyrean Solutionsempyreansolutions.com in

Empyrean Solutions provides integrated treasury, FP&A, and analytics software for banks and credit unions, covering asset-liability management, budgeting and planning, and profitability measurement.

Enterprise SoftwareFintechSaaS

Ethocaethoca.com in

Ethoca provides collaboration-based intelligence and technology solutions that help businesses combat fraud, prevent payment disputes, and enhance customer experience through real-time sharing of fraud and purchase data across the payments ecosystem.

CybersecurityEnterprise SoftwareFintechSaaS

Co-investorsCapital One Ventures FINTOP Capital Lloyds Banking Group

Everly Healtheverlywell.com in 𝕏

Everlywell offers at-home lab testing kits and virtual healthcare services across multiple wellness categories including daily health screening, digestive analysis, sexual health testing, and hormone monitoring.

ConsumerDigital HealthHealthtechWellness & Fitness

Julia Cheek(Founder & CEO)in

Co-investorsAnsa Capital Breyer Capital Cerity Partners Ventures Foresite Capital Halogen Ventures Management Company Llc Lux Capital +12 more

ExamSoftexamsoft.com in 𝕏

ExamSoft is a digital exam platform that delivers secured, offline high-stakes assessments by locking down testing devices and blocking internet-based tools, while providing performance data tied to learning outcomes and accreditation.

EdTechSaaS

Extreme Reachextremereach.com inJun 2015

Extreme Reach provides a platform for advertising operations that manages production, playout, payments, and content syndication for advertising and entertainment productions.

AdTechEnterprise SoftwareMarketing TechSaaSNeedham, US

John Roland(Chief Executive Officer, President)inPatrick Hanavan(Chief Revenue Officer)Avi Brown(Chief Digital Officer)Timothy Conley(Executive Officer, Director)Robert Haskitt(Chief Talent Officer)inMichael Greiner(Chief Financial Officer)in

Co-investorsCross Creek Advisors Gamut Greycroft Ares Greycroft Partners

FamilyWallfamilywall.com 𝕏

FamilyWall is a private cloud-based family communication and organization platform that enables families to share messages, contacts, calendar events, and location information without using social networks.

ConsumerSocialParis, FR

Nicolas Frattaroli(Founder)Eric Vieillevigne(Founder)

FinalSitefinalsite.com in 𝕏

Finalsite provides website, communications, and enrollment management tools designed for schools to attract students, engage families, and strengthen community relationships.

EdTechEnterprise SoftwareMarketing TechSaaS

Co-investorsVeritas Capital

Goldbellygoldbelly.com in 𝕏Oct 2024 · $100M

Goldbelly is an online marketplace that ships iconic foods, meals, desserts, regional specialties, and gourmet food gifts from restaurants and local shops to customers across the United States.

ConsumerE-commerceFoodTechMarketplacesMobility & TransportationNew York City, US

Joe Ariel(Founder/CEO)in Joel Gillman(Founder/Vice President of Engineering)in Vanessa Torrivilla(Founder/CPO)inTrevor Stowin

Co-investors3Spoke Capital 500 Global 645 Ventures FundersClub Intel Capital Tuesday Capital +5 more

Grubhubgrubhub.comAcquired

Chicago-based online food ordering and delivery platform, formerly NYSE-listed, now owned by Marc Lore's Wonder Group.

Matt Maloney(Founder)in

Co-investorsDag Ventures Felicis Ventures Lightspeed Venture Partners Origin Ventures Silver Lake Partners Stripes +2 more

Headspaceheadspace.com in 𝕏Sep 2017 · $37M

Headspace is a mental health app that delivers personalized support through meditation, mindfulness, AI-powered guidance, coaching, therapy, and psychiatry services for individuals and organizations worldwide.

Digital HealthHealthtechMental HealthWellness & FitnessSanta Monica, US

Andy(Co-founder)Richard Marsh Pierson(Executive Officer, Director)Andrew David Puddicombe(Executive Officer, Director)Sean Brecker(Executive Officer)inTom Pickett(Chief Executive Officer)in

BoardScott Kriens(Director)

Co-investors1435 Capital Advance Venture Partners Advancit Capital Bessemer Venture Partners Breyer Capital City Light +17 more

HealthiNationgoodrx.comAug 2014

New York, US

Patrick Vogt(Executive Officer, Director)Andrew Graf(Executive Officer)in

Board Kirk Wolfe(Director)in Mark Koulogeorge(Director)inMarc Yi(Director)Seth Solomons(Director)

Co-investorsICONIQ Lerer Hippeau MK Capital Upfront Ventures Intel Capital

iPay Technologiesjackhenry.com in

Jack Henry is a company focused on serving financial institutions and their accountholders, emphasizing an inclusive workplace culture built around its core values and employee business innovation groups.

Cloud ComputingEnterprise SoftwareFintechSaaS

Jack Henry inJerry HallGreg Adelson(President and CEO)

Co-investorsSilversmith Capital Partners Bain Capital Ventures

iSelectiselect.com.auAcquired

iSelect was an Australian online comparison service, founded in 2000, that let consumers compare and purchase health, life and general insurance, energy, telecom, and personal finance products.

Co-investorsStarfish Ventures

ITA Softwareitasoftware.com 𝕏

ITA Software provides pricing, shopping, and availability technology for airlines and travel companies, including its QPX solution for flight pricing, revenue shopping, award shopping, merchandising, and seat availability distribution.

Enterprise SoftwareSaaSTravel & Hospitality

Co-investorsBattery Ventures General Catalyst

JAGEXjagex.com in 𝕏

Jagex is a video game developer based in Cambridge, UK, and the creator of RuneScape, a long-running online game universe that has attracted over 300 million accounts since launch.

GamingMedia & EntertainmentCambridge, GB

Rod Cousensin

Co-investorsInsight Partners

Kajabikajabi.com

Kajabi provides a platform for subject matter experts to build and monetize their knowledge-based businesses.

Creator EconomyEdTechSaaS

Kenny Rueter(Founder)inAhad Khanin

Co-investorsTidemark Owl Rock Capital Tiger Global Management TPG

Leaf Groupworldofgoodbrands.comMay 2017

Santa Monica, US

Shawn Colo(President & Director)Dion C. Sanders(Executive Officer)Jill Angel(Executive Officer)Brian Pike(Executive Officer)Sean Moriarty(Executive Officer, Director)inDaniel Weinrot(Executive Officer)

Lighthousemylighthouse.com in

Lighthouse is a commercial platform for the travel and hospitality industry, offering market insights, business intelligence, and pricing tools to help properties manage revenue.

AI & Machine LearningData & InfrastructureSaaSTravel & HospitalityGhent, BE

Matthias Geeroms(Co-founder & Head of Corporate Development)in Sean Fitzpatrick(CEO)in

Co-investorsF-Prime Capital Eight Roads Ventures

Linxuplinxup.com in 𝕏

Linxup provides GPS fleet-tracking and safety software delivered through a single app for managing vehicles, equipment, and field crews.

IoTLogistics & Supply ChainSaaSChesterfield, US

Co-investorsGilead Group Runway Growth Capital

Lucid Software, Inc.lucid.co in 𝕏

Lucid provides cloud-based visual collaboration and communication software for teams to visualize workflows, create diagrams, whiteboards, and roadmaps.

AI & Machine LearningCloud ComputingEnterprise SoftwareFuture of WorkSaaSSocialSouth Jordan, US

Ben Dilts(Chief Engineer and Co-Founder)in Karl Sun(Board Chair & Co-Founder)inDarrell SwainElliot Smithin Dave Grow(Chief Executive Officer)in

BoardBenjamin Spero(Director)

Co-investors3Spoke Capital 500 Global Alkeon Innovation Baleon Capital Bling Capital Cross Creek Advisors +10 more

Lyndalynda.com

Lynda.com redirects to LinkedIn Learning, an online education platform offering video courses, quizzes, exercise files, curated learning pathways, and professional certificates.

EdTechFuture of WorkSaaS

Co-investorsAccel HOLT Ventures Meritech Capital Partners Owl Ventures S3 Ventures Sierra Ventures +3 more

MedHOKmhk.comNov 2015

Helping health plans, PBMs, and provider organizations improve quality of care and operational efficiency, maximize revenue, and meet compliance demands

Co-investorsSilversmith Capital Partners Bain Capital Ventures

Membersymembersy.comSep 2021 · $66M

Clerri is a dental membership platform that lets DSOs and independent dental practices create and run their own recurring membership plans, integrating with practice management software so staff can surface membership opportunities, show patient savings, and enroll patients directly.

Digital HealthHealthtechSaaS

Net Healthnethealth.com in 𝕏

Net Health provides clinical intelligence and specialty software solutions for healthcare organizations delivering wound care, rehabilitation therapy, occupational health, and skilled nursing services.

AI & Machine LearningDigital HealthHealthtechMedical DevicesSaaSPittsburgh, US

Co-investorsLevel Equity Silversmith Capital Partners ACE & Company

Netcraftnetcraft.com in 𝕏Jul 2023 · $100M

Netcraft provides brand protection, external threat intelligence, and digital risk protection services to help organizations protect against cybercrime and online threats.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaS

Ryan Woodleyin

Netsmart Technologiesntst.com in 𝕏

Netsmart provides behavioral health information technology solutions and advocacy services supporting the expansion of Certified Community Behavioral Health Clinics and integrated mental health care delivery.

Enterprise SoftwareGovTechHealthtechMental HealthSaaS

Co-investorsBessemer Venture Partners Genstar Insight Partners

OffSecoffsec.com

OffSec provides hands-on cybersecurity training through live labs, courses, certifications, and configurable cyber ranges for individual security professionals and enterprise teams.

CybersecurityEdTechEnterprise Software

Co-investorsLeeds Ten Eleven

Origami Riskorigamirisk.com in

Origami Risk provides risk management and insurance software for the risk and insurance industry, aiming to turn data into insights.

Enterprise SoftwareInsurTechSaaS

Stephen Fischer(Founder)in

OTA Insightotainsight.comNov 2021 · $80M

Lighthouse (Ota Insight) operates a commercial platform for hoteliers that aggregates market rate, demand, and parity data and applies AI to support pricing, demand forecasting, performance benchmarking, and direct bookings.

AI & Machine LearningSaaSTravel & Hospitality

Co-investorsLoric Ventures Eight Roads Ventures F-Prime Capital

otter aiotter.ai in 𝕏Feb 2021

Otter.ai is an AI-powered meeting assistant that records, transcribes, and summarizes conversations in real time across multiple languages, automatically capturing decisions and action items.

AI & Machine LearningFuture of WorkSaaSMountain View, US

Sam Liang(Founder & CEO)inEli M(Founder)

Co-investors500 Global Aidenlair Capital DFJ DragonFund Draper Dragon Duke Capital Partners Foothill Ventures +12 more

OurFamilyWizardourfamilywizard.com in 𝕏Apr 2020

OurFamilyWizard is a co-parenting platform that offers family law and mental health practitioners a Professional Account feature to securely monitor client co-parenting interactions, generate court-admissible documentation, and manage custody cases from a centralized dashboard.

ConsumerFuture of WorkLegalTechSaaSMinneapolis, US

PicMonkeypicmonkey.com in 𝕏Jul 2015

PicMonkey is a web-based image and video design editor that offers features like photo editing, graphic creation, animation, and templating for creators, small businesses, and teams.

Creator EconomyDirect to ConsumerMarketing TechSaaSSeattle, US

Charlie Whiton(Founder)in

Poppins Payrollpoppinspayroll.com in

Poppins Payroll provides payroll and tax filing services for people who employ household workers such as nannies and caregivers.

FintechHR TechSaaS

Mike Wussow(Founder)in

Presencepresence.com in 𝕏

Presence provides remote special education, mental health evaluation, and teletherapy services for PreK–12 schools, connecting students with diverse needs to credentialed practitioners such as speech-language pathologists and school psychologists.

Digital HealthEdTechHealthtechMental HealthSaaSNew York, US

Kate Eberle Walker(Chief Executive Officer)inJessica Wang(Chief Operating Officer)in Brian Stephen(General Counsel)inAnne Hogarty(Chief Commercial Officer)in Fletcher Hutson(Chief Revenue Officer)inJess Compagnola(Chief Financial Officer)in

Co-investorsBain Capital Double Impact Fund LP Bessemer Venture Partners

Preziprezi.com in 𝕏Nov 2014 · $57M

Prezi offers an AI-powered presentation tool that generates fully designed decks from a prompt or an uploaded file (PPTX, PDF, DOCX), with conversational refinement and support for its zooming presentation format.

AI & Machine LearningFuture of WorkSaaSSan Francisco, US

Peter Halacsy(Director)in Peter Arvai(Executive Officer, Director)in Adam Somlai-Fischer(Director)in Jim Szafranski in

Board Christian Lindegard Jepsen(Director)inAndre Haddad(Director)in

Co-investorsAccel Heartcore Capital Sunstone Capital

QTC Medical Servicesqtcm.com

Leidos QTC Health Services provides independent medical examinations, disability evaluations, occupational health services, diagnostic testing, telehealth, and case management for active-duty service members, veterans, government employees, and civilians across the US.

Digital HealthGovTechHealthtech

Quantilequantile.com inJan 2021 · $51Macquired by London Stock Exchange

Quantile provides portfolio compression and optimisation services that use algorithms to reduce risk, notional, margin and capital requirements for financial institutions.

Enterprise SoftwareFintech

Co-investorsCorrelation Ventures First Round Capital

Quavoquavo.com in 𝕏Jul 2025 · $300M

Quavo provides automated fraud and dispute management software and expert-led services for financial institutions, including issuers, processors, and fintechs, helping them handle chargebacks and dispute resolution while maintaining regulatory compliance.

AI & Machine LearningCybersecurityEnterprise SoftwareFintechSaaSWilmington, US

Daniel Penne(Founder)in Joseph W. McLean(Founder)in Joseph McLean(CEO & Co-Founder)inDave(CPO & Co-Founder)Dan(CFO & Co-Founder)Rich(Executive Advisor & Co-Founder)

Co-investorsFINTOP Capital

RainKingdiscoverorg.com

Sales intelligence on technology, marketing and finance decision makers (acquired by Zoominfo/DiscoverOrg).

Henry Schuck(Founder)in

Rapid Ratingsrapidratings.com in 𝕏

RapidRatings provides data services to evaluate supplier performance and mitigate supply chain disruptions for large enterprises.

Data & InfrastructureEnterprise SoftwareFintechSaaSNew York, US

Co-investorsFTV Capital LLR

Roverrover.com inAcquired

Rover Group operates online community marketplaces connecting pet owners with vetted pet care providers including sitters, dog walkers, groomers, and trainers across North America, Europe, and Australia.

ConsumerMarketplaces

Philip Kimmey(Cofounder)inAaron Easterly(Founder)inBrent Turner(CEO)

Co-investors408 Ventures Criteria Venture Tech Cross Creek Advisors Foundation Capital Foundry K2 Global +7 more

RxVantagerxvantage.com inJan 2022

Platform connecting healthcare providers with life science experts to access critical information and insights.

Co-investorsJavelin Venture Partners McKesson Ventures Merck Global Health Innovation Fund MSD Global Health Innovation Fund Slater Technology Fund

Scribdscribd.com in 𝕏Nov 2019

Scribd is a digital platform that provides access to millions of user-uploaded documents across diverse categories, allowing users to explore, learn, and discover information on a wide range of topics.

ConsumerEdTechMarketplacesMedia & EntertainmentSaaSSan Francisco, US

Jared Friedman(Founder/CTO)inJohn Adler(Executive Officer, Director)Trip Adler(Founder)in Tod Harmon(Executive Officer)in

BoardGeoffrey Yang(Director)Peter T. Jensen(Director)

Co-investorsCRV (Charles River Ventures)Felicis Ventures Redpoint Ventures Saints Capital VantagePoint Capital Partners Y Combinator +2 more

Splosesplose.com inFeb 2026

splose provides practice management software for allied health professionals such as physiotherapists, occupational therapists, and speech pathologists.

AI & Machine LearningDigital HealthHealthtechSaaSAdelaide, AU

Nicholas Sanderson(Founder)in

Co-investorsAthletic Ventures EVP Athletico Ventures

SponsorUnited inNov 2022 · $35M

Stamford, US

Robert E. Lynch(Executive Officer, Director, Promoter)

Spreedlyspreedly.comMay 2014 · $75M

Spreedly runs an open payments platform that lets merchants centralize payment methods in a PCI-compliant vault, orchestrate multiple processors, and manage fraud, optimization, and reporting across their payment stack.

AI & Machine LearningFintechSaaSDurham, US

Nathaniel Talbott(Executive Officer, Director)Justin Benson(Executive Officer, Director)in

BoardChristian O'Melia(Director)

Co-investorsE-Merge

SurveyMonkeysurveymonkey.com in 𝕏Jan 2012

SurveyMonkey is an online platform for creating surveys and forms to run market research, customer satisfaction, event registration, and employee feedback programs.

Data & InfrastructureMarketing TechSaaSPalo Alto, US

Ryan Finley(Director)inChris Finley(Director)inDavid Goldberg(Executive Officer, Director)Zander Lurie(Director)in Noreen Bergin(Executive Officer)inTimothy Maly(Executive Officer)

Co-investorsAnsa Capital Bain Capital Ventures CapitalG Red Dog Capital Silversmith Capital Partners Stg +1 more

Teachers Pay Teachersteacherspayteachers.com 𝕏

Teachers Pay Teachers is a marketplace where educators share and sell teaching resources and lesson plans.

Creator EconomyEdTechMarketplacesNew York City, US

Paul Edelman

Co-investorsOwl Ventures Bain Capital Ventures

The Knot Worldwidetheknotww.com in

The Knot Worldwide operates a global online marketplace connecting couples with wedding vendors and provides wedding planning tools, personalized websites, invitations, and registry services.

AI & Machine LearningConsumerMarketplacesSaaS

David Liu in Carley Roney inRob FassinoMichael Wolfson

Co-investorsBlackPines Capital Partners

Trintechtrintech.com in 𝕏

Trintech provides AI-powered intercompany accounting software that automates transaction creation, reconciliation, settlement, and compliance across multiple entities and global organizations.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Co-investorsVista Equity Partners

Varicent Softwarevaricent.com in 𝕏

Varicent builds a SaaS platform for sales performance management that includes sales planning, incentive compensation, and AI-driven insights to help revenue organizations set goals, allocate territories, and achieve revenue targets.

AI & Machine LearningEnterprise SoftwareSaaSSales TechToronto, CA

Co-investorsFTV Capital Golub Growth Warburg Pincus

VBA Softwarevbasoftware.com in 𝕏

VBA provides a suite of software for administering health benefits, including a core platform for managing multiple lines of business, member web and mobile portals, analytics, APIs, and healthcare data management services.

Enterprise SoftwareHealthtechInsurTechSaaSMilwaukee, US

Rick Ellsworth(Chief Operating Officer)inMichael Clayton(Senior Advisor (Former CEO))

Co-investorsArthur Ventures

Verafin™ Inc.verafin.com inacquired by Nasdaq

Verafin integrates and enriches data from hundreds of sources and thousands of institutions across the cloud, serving financial institutions to manage assets and transaction monitoring at scale.

Cloud ComputingData & InfrastructureFintech

Co-investorsKillick Capital

Verisysverisys.com in 𝕏

Verisys provides data verification and compliance solutions for healthcare organizations, helping them prevent fraud, manage provider credentialing, and maintain regulatory compliance.

Digital HealthEnterprise SoftwareHealthtechSaaSLouisville, US

Visual Leasevisuallease.com in 𝕏Jun 2019

Visual Lease provides lease accounting and management software that helps organizations maintain compliance and manage the financial and operational performance of their lease portfolios.

FintechPropTechSaaSWoodbridge, US

Marc Betesh(Executive Officer, Director)inAlexandra Betesh(Executive Officer, Director)in

BoardNathan Grossman(Director)Stephen Wolfe(Director)in

Co-investorsGrowth Street Partners

WIN Realitywinreality.com inMay 2022

Austin, US

Walker Cole Arldge(Director)Christopher O'Dowd(Executive Officer, Director)Daniel O'Dowd(Executive Officer, Director)

Board John Connolly(Director)in

Co-investorsLAGO Innovation Fund

Zenworkzenwork.com in 𝕏Nov 2021

Zenwork provides cloud-based tax compliance and eFiling solutions for individuals and businesses, including IRS-approved platforms for filing 1099s, W2s, 2290s, FBAR, and tax extensions.

Enterprise SoftwareFintechLegalTechSaaS

Sanjeev K. Singh(Founder)in Edward Pratt, Jr.(Founder)in

編集jimdo.com in 𝕏

Jimdo provides digital tools for self-employed people and small business owners, including a website builder, online store, a Legal Text Generator, and Facebook for Business integration.

E-commerceMarketing TechSaaSGermany, DE

Co-investorsArmada Investment AG Japan startup support Association Open Network Lab

Other

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

B StockBats Global MarketsChoiceExactBidExpert InstituteIBfxIn TandemLitmusMortgagebotNet QuoteNetscreenPassport HealthPayer CompassPWNHealthQuavo Fraud & DisputesRightSideRiskmetrics GroupSeisint

Exits · 11

11 acquisitions · showing 7

Digital Marketing Instituteacq. by BPP1000Memoriesacq. by Exit BlackstoneBats Global Marketsacq. by CBOEDatassentialacq. by New Mountain CapitalPayer Compassacq. by ZelisQuantileacq. by London Stock ExchangeVerafin™ Inc.acq. by Nasdaq

Portfolio news

latest coverage across their companies

Buy and Sell Everly Health Stock, $3.5B Valuation - Forge

Everly Health · forgeglobal.com · Sep 7, 2026

Datassential Launches AI chat for Instant, Data-Backed Answers Across the Food Industry

Datassential · prnewswire.com · Apr 14, 2026

Sell or Invest in Otter.ai Stock Pre-IPO

otter ai · nasdaqprivatemarket.com · Dec 23, 2025

SavvyMoney Raises $225M to Accelerate Innovation for Financial Institutions | SavvyMoney

SavvyMoney · savvymoney.com · Oct 27, 2025

Anchor Browser Raises $6M Seed Round to Power the Next Generation of Agentic AI with Reliable Browser Automation

Casetext · finance.yahoo.com · Oct 22, 2025

Quavo's AI-Powered Platform Grabs $300M To Combat Mounting Financial Fraud

Quavo · finance.yahoo.com · Aug 9, 2025

Awardco Raises $165M; Valued at Over $1 Billion

Awardco · finsmes.com · May 22, 2025

Fund performance · per public LP disclosures · 13

as of Jun 2025

Fund	Vintage	Committed	Net IRR	TVPI	DPI
Spectrum Equity X-A L.P.LPs: California State Teachers' Retirement System, Sacramento County Employees' Retirement System	2024	—	-8.5%	0.94x	—
Spectrum IX-A Discretionary Overage Progam IILPs: California State Teachers' Retirement System	2021	—	-1.2%	0.96x	0.05x
Spectrum Select Opps A L.P.LPs: California State Teachers' Retirement System	2021	—	-0.3%	0.99x	—
Spectrum Equity IX - A, L.P.LPs: California State Teachers' Retirement System, Sacramento County Employees' Retirement System, John D. and Catherine T. MacArthur Foundation	2020	—	4.5%	1.15x	0.11x
Spectrum VIII-A Discretionary Overage ProgramLPs: California State Teachers' Retirement System	2019	—	91.3%	2.98x	2.40x
Spectrum Equity Investors VIII, L.P.LPs: District of Columbia Retirement Board	2018	—	29.1%	2.34x	1.77x
Spectrum Equity VIII L.P.LPs: Sacramento County Employees' Retirement System	2018	—	30.6%	2.48x	1.52x
Spectrum Equity VIII-A, L.P.LPs: California State Teachers' Retirement System, John D. and Catherine T. MacArthur Foundation	2018	—	29.6%	2.30x	1.45x
Spectrum Equity Investors VII, L.P.LPs: Sacramento County Employees' Retirement System, District of Columbia Retirement Board	2014	—	35.2%	3.50x	2.99x
Spectrum Equity VII, L.P.LPs: California State Teachers' Retirement System	2014	—	37.2%	3.73x	2.82x
Spectrum Equity Investors VI, L.P.LPs: California State Teachers' Retirement System, Hawaii Employees' Retirement System, Sobrato Family Foundation	2010	—	21.8%	2.75x	2.72x
Spectrum Equity Investors V, L.P.LPs: California State Teachers' Retirement System, Hawaii Employees' Retirement System	2006	—	17.9%	2.44x	2.43x
Spectrum Equity Investors IV, L.P.LPs: Washington State Investment Board	2000	—	7.5%	1.30x	1.33x

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 Spectrum Equity made?: Spectrum Equity has 100 tracked investments, 11 of which have exited, including 5 dated in the last 24 months.
What stage does Spectrum Equity invest at?: Spectrum Equity invests at the Series A, Series B, Series C, Growth, Late Stage stages.
What is Spectrum Equity's typical check size?: Spectrum Equity typically writes checks of $25M – $250M.
What sectors does Spectrum Equity focus on?: Spectrum Equity focuses on AI & Machine Learning, Cybersecurity, Data & Infrastructure, Enterprise Software, Fintech, Healthtech, Media & Entertainment, SaaS.
Where is Spectrum Equity located?: Spectrum Equity is headquartered in Boston, US.
Does Spectrum Equity lead rounds?: Yes, Spectrum Equity leads investment rounds.
Who does Spectrum Equity co-invest with?: Spectrum Equity most often shares deals with 500 Global, Silversmith Capital Partners, Y Combinator, among 188 tracked co-investors.

From the blog

visit blog ↗

Spectrum Equity's recent posts explore leadership partnerships and strategic decision-making through founder and executive conversations: earning trust between bootstrapped founders and investors while scaling operations, adapting to rapidly evolving cybersecurity threats driven by AI-powered fraud tools, and managing the finance function's evolution toward strategic impact in public companies. AI summary

Inside the CFO Mindset: A Conversation with Zillow's Jeremy HofmannJan 2026Zillow CFO Jeremy Hofmann discusses building a strategic finance function grounded in operational basics, transitioning from growth-at-all-costs to disciplined growth, and partnering across functions to solve stakeholder problems.The New Face of Fraud: A Conversation with Netcraft CEO Ryan WoodleyJan 2026Netcraft CEO Ryan Woodley explains how AI tooling has accelerated online fraud, enabling threat actors to create sophisticated scams targeting broad audiences within minutes, making speed critical to limiting victim harm.Partners in Conversation: Earning Trust, Scaling TogetherJan 2026Spectrum Equity partner Mike Farrell and CINC Systems CEO Ryan Davis discuss how a bootstrapped founder, committed investor, and incoming CEO built trust to scale the property management software business through the 2020 pandemic and major operational changes.

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