What stage does ThornTree Capital Partners invest at?

ThornTree Capital Partners invests at the Seed, Late Stage stages.

What sectors does ThornTree Capital Partners focus on?

ThornTree Capital Partners focuses on Sector Agnostic.

Where is ThornTree Capital Partners located?

ThornTree Capital Partners is headquartered in Boston, US.

ThornTree Capital Partners

Crossover fund

Boston · Seed–Late Stage · 7 people tracked

Also known as THORNTREE CAPITAL PARTNERS LP

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Investment thesis

ThornTree Capital is a fundamental long-short public equity manager pursuing meaningful stock-specific returns over multi-year time frames. Its approach is global and sector-agnostic, concentrating on areas where shifting consumer behavior, technological innovation, and competitive dynamics drive structural transformation. The firm evaluates businesses through a consumer lens, studying industry ecosystems to identify winners and losers amid changing competitive dynamics. Its investment process rests on three pillars: the creation of unique consumer surplus, a management culture and resource allocation strategy aligned to evolving demand, and grounded valuation supported by reasonable assumptions and sound judgement. The firm emphasizes diligent capital stewardship, transparency, and both long and short return generation.

Invests inSector AgnosticBoston Global

Source: firm website, verified Aug 25, 2026.

Stage

Seed–Late Stage

Boston, US

Founded

2016

AUM

$955.3M

Team · 7 people

from the firm's website

Mark Moore· Managing Partner and Founder

Founder and Managing Partner of ThornTree with 22 years of investment experience. Previously a Senior Partner at Bain Capital Public Equity (Brookside Capital) leading consumer, tech, and emerging markets portfolios, and a McKinsey consultant. Holds an engineering degree from University of Michigan and an MBA from Harvard Business School.

Philip· Senior Partner· Boston, Massachusetts, United States

Senior Partner with 16 years of investment experience. Formerly President and CEO of DTC grocery business Walden Local, and previously led internet, consumer tech, and communications sectors at Bain Capital Public Equity, with prior roles at Berkshire Partners and McKinsey. Holds a BS from University of Virginia and an MBA from Harvard Business School.

Mike· Managing Director

Managing Director with over 10 years of investment experience. Previously a Managing Director at Bain Capital Public Equity leading internet, media, and communications, and a founding Principal of Bain Capital Tech Opportunities, with earlier roles at Advent International and Bain & Company. Holds an MBA from Harvard Business School and graduated from Williams College.

Dave· Head of Investor Relations· Boston, Massachusetts, United States

Head of Investor Relations, previously Director of Marketing at Endeavour Capital Advisors and prior roles at Bogle Investment Management and Crosswind Investments. Holds a BS from University of Connecticut and is a CFA Charterholder.

Kevin· Head of Capital Markets· Boston, Massachusetts, United States

Head of Capital Markets, previously Head Derivatives Trader at Highfields Capital Management and a Derivatives Trader at Balyasny Asset Management, starting his career at Bernstein. Graduated from Georgetown University with a BS in Business Administration, Finance and Economics.

Laura Spillane· Senior Executive Coordinator and Office Managerin

Senior Executive Coordinator and Office Manager. Previously an early childhood educator and a retail entrepreneur. Earned a BA in Education from St. Nicholas College in Dublin.

Nick· Analyst· Boston, Massachusetts, United States

Analyst, previously a Senior Associate on the investment team at Harvard Management Company covering public equity, private equity, venture capital, and real estate. Graduated from Harvard College with a degree in Statistics.

Frequently asked questions

What stage does ThornTree Capital Partners invest at?: ThornTree Capital Partners invests at the Seed, Late Stage stages.
What sectors does ThornTree Capital Partners focus on?: ThornTree Capital Partners focuses on Sector Agnostic.
Where is ThornTree Capital Partners located?: ThornTree Capital Partners is headquartered in Boston, US.

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