/Investor DB

Spectrum Equity

Growth equity

Boston · Growth · 47 people tracked

Also known as SPECTRUM EQUITY MANAGEMENT, INC.

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Investment thesis

Spectrum Equity positions itself as a tailored growth partner for founders and leadership teams, emphasizing that it avoids one-size-fits-all playbooks. Drawing on more than 30 years of experience across multiple sectors, the firm offers hands-on, supportive partnerships built on trust, open dialogue, and autonomy for founders. It connects portfolio company leaders to a curated network of experts across disciplines and convenes its community through events such as CEO summits, sales and marketing summits, finance leaders summits, and monthly function-specific round tables and workshops. Spectrum favors working with leaders who value humility, collaboration, and original or contrarian thinking.

Source: firm website, verified Oct 17, 2026.

Stage
Growth
Check
$25M – $250M
HQ
Boston, MA, US
Leads rounds
Leads
Instruments
Equity
Founded
1994
Last 12 months
3 investments
AUM
$7.3B
Tracked investments
110
Unicorns
3
Acquisitions
11

Team · 47 people

from the firm's website & curated & public directories
Adam Margolin· Managing Director
Ben Spero· Managing Directorin

A Managing Director at Spectrum Equity, shown in conversation with portfolio company leaders.

Brian Regan· Managing Director and Chief Financial Officerin

Managing Director and Chief Financial Officer who connects portfolio companies with expert resources and the firm's peer network to help them scale.

Emily Foxin
John Connolly· Managing Directorin

A Managing Director at Spectrum Equity, shown in conversation with portfolio company leaders.

Leah Palmer· Managing Director and General Counselin

Serves as Managing Director and General Counsel, acting as a connector who helps portfolio leaders navigate legal matters and facilitates a community of peers and experts.

Michael Radonich· Managing Directorin

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 Directorin

A Managing Director at Spectrum Equity, shown in conversation with portfolio company leaders.

Parag Khandelwal· Managing Directorin

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 Directorin

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 R. Bartlett· Managing Directorin

Venture Partner at Sandbox Industries (joined 2022) supporting investment activities, bringing payer CFO experience. Previously CFO of Blue Cross Blue Shield of Michigan for 25 years.

Matt Neidlinger· Managing Director
Annaliesa Routh· Principalin
Cameron Ghorbani· Principalin
Emily Calkins· Principalin

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 Operationsin

Marketing and PR professional who joined Rally in 2020, leading the firm's marketing, PR and editorial content and guiding portfolio community resources. Holds a BS from Saint Louis University.

Julia Kuo Chen· Principal
Kevan Olander· Principal
Anna Yuin
Coley Florance· Head of Talentin

Head of Talent who leads the firm's work with CEOs, founders, and management teams, emphasizing curiosity and relationship-building over playbooks.

Mahika Mehrotra· Associatein
Matthias Ferring· Associatein
Al Kelly· Executive Officer
Brent Reel· Director
Brion B. Applegate· Executive Officerin
Caroline Grier· Executive Officer
Craig Miller· Executive Officer
Darryl Dewberry· Directorin
James Dulin· Directorin
James J. Quagliaroli· Executive Officer
John Boylan· Director
Lew Semones· Director
Peter T Jensen· Executive Officer
Randy J. Henderson· Executive Officerin
Stephen McClure· Director
Victor E Parker, Jr.· Executive Officer
William P. Collatos· Executive Officer
Jack Damon· AI Leadin𝕏

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

Jun Li· Vice Presidentin

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 Professionalin

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.

Luke Manley

Founder mafia

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

What they invest in

from 80 of 110 portfolio companies

SaaS ×54Enterprise Software ×30AI & Machine Learning ×26Fintech ×17Data & Infrastructure ×13Healthtech ×13Consumer ×12Digital Health ×10

HQs:United States×45Australia×2Canada×2United Kingdom×2Belgium×1Germany×1

Who they back

founder profiles across 46 portfolio companies
46%
solo founders
21 of 46 mapped founding teams
37%
repeat founders
of 51 founders with career history
~4.5 yrs
old at investment
median across 18 dated deals

Founding team size:solo founder×212 founders×113 founders×64+ founders×8

Where their founders studiedfrom 53 founders with education data

Harvard University ×3University of Oxford ×3Harvard Business School ×2KU Leuven ×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 51 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 51 with degree data)

Investments · 110 tracked

founders shown can be your intro path

By year:2026 · 22025 · 32024 · 12023 · 12022 · 32021 · 52020 · 22019 · 22018 · 12017 · 32016 · 12015 · 333 dated

CINC Systemscincsystems.comin✓ 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 Blantonin

CyberCubecybcube.comin𝕏✓ 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 CapitalMTECH CAPITALHudson Structured Capital ManagementStone PointHSCM Ventures

Digital Marketing Institutedigitalmarketinginstitute.comin𝕏Sep 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)inAnthony Quigley(Founder)in

SavvyMoneysavvymoney.comin𝕏Oct 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 VenturesCore Venture CapitalTransUnion

Tenstreettenstreet.comin𝕏Nov 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.cominMar 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-investorsBOOOMs16Visionaries ClubCincyTech

1000Memoriesancestry.cominacquired 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)inJonathan Good(Founder)Brett Huneycutt(Founder)inDan Taggart(Founder)Paul Allen(Founder)Sean Ahrens(Full Stack Software Engineer)in

Co-investorsCrosslink CapitalDraper AssociatesSTARTUP IGNITION VENTURESW Capital PartnersY Combinator

AllTrailsalltrails.comin𝕏Dec 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 CookinRon Schneidermannin

BoardJustin J. Camp(Director)

Co-investors500 GlobalGreat Oaks Venture CapitalVoyager Capital

Animotoanimoto.com

Jason Hsiao(Founder)inBrad Jefferson(Founder)Stevie Clifton(Founder)Tom Clifton(Founder)

Co-investorsKindred VenturesMadrona Venture Group

Astoundastound.com𝕏

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

Cloud ComputingConsumerEnterprise SoftwareMedia & Entertainment

Co-investorsCapitalGStonepeak

Awardcoawardco.comin

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(Founder)inTanner Runia(Executive Officer, Director)inMichael Sonnenberg(Executive Officer, Director)Mike Sonnenberg(Founder)

BoardNari Ansari(Director)Paul Kwan(Director)in

Co-investorsGeneral CatalystSixth Street

Benchmark Mineral Intelligencebenchmarkminerals.comin𝕏

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.comin𝕏Mar 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)inPeter Stern(Founder)inPeter(CEO)inKelsey(Chief Product and Technology Officer)inMatt(Chief Technology Officer)inKelly(Chief Legal & Administrative Officer)

Co-investorsBetaworksKapor CapitalLocalGlobeRRE VenturesUncork Capital

BMI (Fitch)fitchsolutions.comin𝕏

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

Canapi Venturescanapi.comin𝕏

FISPAN provides embedded ERP banking infrastructure that lets banks integrate treasury and payment services directly into the accounting and enterprise software their commercial clients use, such as NetSuite, Microsoft Dynamics, Sage Intacct, and QuickBooks.

AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US

Gene Ludwig(Founder)in

Co-investorsTruist VenturesPlexus Capital

Casetextthomsonreuters.comin𝕏Acquired

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(CEO)inSteve Hasker(President and Chief Executive Officer)inLaura Safdie(Founder)Pablo Arredondo(Founder)Joanna Hueyr w(CTO)

Co-investors8VCAccess Venture PartnersAllen Institute for AI (AI2) IncubatorBoxGroupBuildGroupCanvas Ventures+24 more

Choicechoiceqr.com

Platform that digitizes restaurant-customer interactions with QR menus, payments, table orders, reservations, loyalty features, and POS integrations.

Alex Ilyash(Founder)Vladimir Olyanitsky(Founder)

Co-investorsPresto VenturesPurple VenturesReflex CapitalJ&T Ventures

Customer.iocustomer.ioin𝕏

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 Nederkoorn(Founder)inJohn Allison(Founder)

Co-investorsBeyond CapitalBoxGroupEarl Grey CapitalFJ LabsKima VenturesKnockout Capital+9 more

DataCampdatacamp.comin𝕏Dec 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)inDieter de Mesmaeker(Executive Officer, Director, Promoter)inMartijn Theuwissen(Executive Officer, Director, Promoter)in

Co-investorsCOTU Venturesimec.istartTechstarsAccompliceArthur Ventures

Datassentialdatassential.comin𝕏acquired 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)inJim Emlingin

Co-investorsNew Mountain Capital

Definitive Healthcaredefinitivehc.comin𝕏

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.comin𝕏May 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.comin𝕏

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 VenturesVista Equity PartnersClearlake Capital Group

Easeease.comin𝕏

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-investorsCompoundInsignia Ventures PartnersPropel Venture PartnersRunway Venture PartnersTransmedia Capital

Ease Healtheasehealth.comin𝕏

Ease Health builds an AI-native electronic health record system designed for behavioral health practices that integrates CRM, EHR, and revenue cycle management into a single platform.

AI & Machine LearningDigital HealthHealthtechSaaSNew York City, US

Zach Cohen(Founder)inRaymond W.(Founder)inCourtney Guertin(Founder)David Reid(Founder)Guadalupe Lazaro(Founder)Rio Hoe(Founder)

Co-investorsAbstract VenturesAndreessen HorowitzMaven VenturesSunflower Capital Management FundCSA Partners LLCFreestyle Capital+3 more

Employee Navigatoremployeenavigator.comin𝕏

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 EquityCentana Growth PartnersCentana PartnersFreestyle CapitalTransmedia Capital

Empyrean Solutionsempyreansolutions.comin

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.comin

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 VenturesFINTOP CapitalLloyds Banking Group

Everly Healtheverlywell.comin𝕏

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 CapitalBreyer CapitalCerity Partners VenturesForesite CapitalHalogen Ventures Management Company LlcLux Capital+12 more

ExamSoftexamsoft.comin𝕏

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

Co-investorsGemini Ventures

Extreme Reachextremereach.cominJun 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 AdvisorsGamutGreycroftAres

FamilyWallfamilywall.com𝕏

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.comin𝕏

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.comin𝕏Series C · Oct 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(CEO)inJoel Gillman(Vice President of Engineering)inVanessa Torrivilla(CPO)inTrevor Stow(CTO)inNeel Murthy(Vice President of Product)in

Co-investors3Spoke Capital500 Global645 VenturesFundersClubIntel CapitalOlive Hill Ventures+7 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)inMike Evans(Founder)

Co-investorsArba LLCDag VenturesFelicis VenturesLightspeed Venture PartnersOrigin VenturesSilver Lake Partners+3 more

Headspace Healthheadspace.comin𝕏Sep 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)inAndy Puddicombe(Founder)

Co-investors1435 CapitalAdvance Venture PartnersAdvancit CapitalBessemer Venture PartnersBreyer CapitalCity Light+18 more

HealthiNationgoodrx.comAug 2014

New York, US

Patrick Vogt(Executive Officer, Director)Andrew Graf(Executive Officer)inDoug Hirsch(Founder)Scott Marlette(Founder)Trevor Bezdek(Founder)

BoardKirk Wolfe(Director)in

Co-investorsICONIQLerer HippeauMK CapitalUpfront VenturesICONIQ CapitalIntel Capital+1 more

iPay Technologiesjackhenry.comin

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 HenryinJerry HallGreg Adelson(President and CEO)in

Co-investorsRevolutionSilversmith Capital PartnersBain 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.

Melbourne, AU

Damien Waller(Co-founder)

Co-investorsStarfish Ventures

ITA Softwareitasoftware.com𝕏

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 VenturesGeneral Catalyst

JAGEXjagex.comin𝕏

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 CousensinAndrew Gower(Founder)Paul Gower(Founder)

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 KhaninKenny Rueter Travis Rosser(Founder)

Co-investorsTidemarkOwl Rock CapitalTiger Global ManagementTPG

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.comin

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)inSean Fitzpatrick(CEO)in

Co-investorsF-Prime CapitalEight Roads Ventures

Lighthouselighthousehq.com

Lighthouse helps founders, engineers, and researchers obtain U.S. work and immigration visas, handling cases from initial evaluation through approval with case-status transparency.

LegalTechSaaS

Jonathan Brun(Founder)Justine Massicotte(Founder)Minn Kim(Founder)

Co-investorsAccelAdapt VenturesF-Prime Capital

Linxuplinxup.comin𝕏

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 GroupRunway Growth Capital

Litmuslitmushiring.comin𝕏

Litmus is a hiring platform that evaluates software engineers through practical assessments aligned with how modern engineering teams actually work, replacing traditional interview processes.

AI & Machine LearningEnterprise SoftwareHR TechNew York City, US

Shaivi Rau(CEO)inElena Zhao(CTO)in

Co-investorsVela PartnersY CombinatorAV CapitalInsight PartnersInventum VenturesLyra Capital Pty Ltd+5 more

Lucid Software, Inc.lucid.coin𝕏

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(Founder)inKarl Sun(Founder)inDarrell SwainElliot SmithinDave Grow(Chief Executive Officer)in

BoardBenjamin Spero(Director)

Co-investors3Spoke Capital500 GlobalAlkeon InnovationBaleon CapitalBling CapitalCross Creek Advisors+12 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-investorsAccelHOLT VenturesMeritech Capital PartnersOwl VenturesS3 VenturesSierra Ventures+3 more

MedHOKmhk.comNov 2015

MHK provides integrated software for health plans to manage utilization and care management, compliance, and coordination across departments from enrollment through the care journey.

Digital HealthHealthtechSaaS

Co-investorsSilversmith Capital PartnersBain 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.comin𝕏

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 EquitySilversmith Capital PartnersACE & Company

Net Quotenetquote.com

NetQuote is an online insurance comparison service that lets consumers fill out a single form and receive multiple quotes from insurance providers.

FintechInsurTechMarketplaces

Netcraftnetcraft.comin𝕏Jul 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.comin𝕏

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 PartnersGenstarInsight 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-investorsLeedsTen Eleven

Origami Riskorigamirisk.comin

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 VenturesEight Roads VenturesF-Prime Capital

otter aiotter.aiin𝕏Feb 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)inEli M(Founder)inYun Fu(Founder)

Co-investors500 GlobalAidenlair CapitalDFJ DragonFundDraper DragonDuke Capital PartnersFoothill Ventures+13 more

Other

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

B StockBats Global MarketsExactBidExpert InstituteGoodRxIBfxIn TandemMortgagebotNetscreenPassport HealthPayer CompassPWNHealthQuavo Fraud & DisputesRightSideRiskmetrics GroupSeisintVaricentVBAVerafinXapien

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

Fund performance · per public LP disclosures · 13

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
Spectrum Equity X-A L.P.LPs: California State Teachers' Retirement System, Sacramento County Employees' Retirement System2024—-8.5%0.94x—
Spectrum IX-A Discretionary Overage Progam IILPs: California State Teachers' Retirement System2021—-1.2%0.96x0.05x
Spectrum Select Opps A L.P.LPs: California State Teachers' Retirement System2021—-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 Foundation2020—4.5%1.15x0.11x
Spectrum VIII-A Discretionary Overage ProgramLPs: California State Teachers' Retirement System2019—91.3%2.98x2.40x
Spectrum Equity Investors VIII, L.P.LPs: District of Columbia Retirement Board2018—29.1%2.34x1.77x
Spectrum Equity VIII L.P.LPs: Sacramento County Employees' Retirement System2018—30.6%2.48x1.52x
Spectrum Equity VIII-A, L.P.LPs: California State Teachers' Retirement System, John D. and Catherine T. MacArthur Foundation2018—29.6%2.30x1.45x
Spectrum Equity Investors VII, L.P.LPs: Sacramento County Employees' Retirement System, District of Columbia Retirement Board2014—35.2%3.50x2.99x
Spectrum Equity VII, L.P.LPs: California State Teachers' Retirement System2014—37.2%3.73x2.82x
Spectrum Equity Investors VI, L.P.LPs: California State Teachers' Retirement System, Hawaii Employees' Retirement System, Sobrato Family Foundation2010—21.8%2.75x2.72x
Spectrum Equity Investors V, L.P.LPs: California State Teachers' Retirement System, Hawaii Employees' Retirement System2006—17.9%2.44x2.43x
Spectrum Equity Investors IV, L.P.LPs: Washington State Investment Board2000—7.5%1.30x1.33x

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 110 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 Growth stage.
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 201 tracked co-investors.

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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

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