Updata Partners
Growth equityWashington · Growth–Late Stage · 39 people tracked
Also known as UPDATA MANAGEMENT, LLC
Investment thesis
Updata Partners invests in growth-stage B2B software and AI-driven companies based outside the Bay Area. It targets bootstrapped or lightly capitalized businesses with $5-50M ARR growing 25-100%+, writing equity checks of roughly $20-200M. The firm favors leaders who combine a growth mindset with capital efficiency, typically those with recurring-revenue models, repeatable go-to-market engines, and strong unit economics. Positioning itself as built by operators for operators, Updata offers board-level support, a curated network of vetted executives and advisors, and its proprietary BASE framework, emphasizing durable unit economics and thoughtful capital allocation over growth at all costs.
Source: firm website, verified Aug 3, 2026.
Team · 39 people
from the firm's websiteWhat they invest in
from 8 of 86 portfolio companiesEnterprise Software ×6SaaS ×5AI & Machine Learning ×4Marketing Tech ×3Healthtech ×2AdTech ×1Cybersecurity ×1Data & Infrastructure ×1
HQs:United States×11Netherlands×1
Investments · 86 tracked
founders shown can be your intro pathBeaverton, US
JOHN DESMOND(Director)BRUCE CHATTERLEY(Director)JEFF BURCHETT(Executive Officer)JOEL MULKEY(Executive Officer, Director)
Board seatJon Seeber· per SEC Form D
Concord, US
Daniel Moss(Director)Jessica Bailey(Executive Officer)Carter Griffin(Director)Robert Scott(Executive Officer, Director)John Bullock(Director)Harry Ruda(Director)
Board seatCarter Griffin· per SEC Form D
Chicago, US
Maria Katris(Chief Executive Officer and Manager)Ellen Carnahan(Manager)Richard Burke(Manager)Matt Moog(Manager)
Board seatCarter Griffin· per SEC Form D · $22M raise · filed Jul 2019
Santa Barbara, US
James Morouse(Director)Erwin Lenowitz(Director)Tim Baskerville(Executive Officer, Director)Dave Ruehlman(Executive Officer)Kent Madsen(Director)Arthur J. Rice, III(Director)
Board seatJon Seeber· per SEC Form D · $12M raise · filed Mar 2016
New York, US
Josh Stein(Director)Carter Griffin(Director)Vincent Passione(Executive Officer, Director)Danny Schultz(Director)
Board seatCarter Griffin· per SEC Form D · $6.6M raise · filed Mar 2016
Houston, US
Dan Moss(Director)Paul Chisholm(Director)James Pastoriza(Director)Michelle Accardi(Executive Officer, Director)Carter Griffin(Director)Mayank Singhvi(Executive Officer)
Board seatCarter Griffin· per SEC Form D · $3.5M raise · filed May 2026
Vancouver
William Tucker(Executive Officer)Ben Dombowsky(Executive Officer)Ram Charan(Director)Ronald Sugar(Director)James Socas(Director)Todd Buchanan(Executive Officer)
Board seatJames Socas· per SEC Form D · $10M raise · filed Sep 2023
Piano provides event tracking and analytics infrastructure serving over 1,000 clients across 12 countries.
AdTechAI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSaaSAmsterdam, NL
Jon Seeber(Director)Tim Dirrenberger(Executive Officer)Allison Munro(Executive Officer)Trevor Kaufman(Executive Officer, Director)Kweli Washington(Executive Officer)Sever Totia(Director)
Board seatJon Seeber· per SEC Form D
Portland, US
Jon Seeber(Director)Jill Nelson(Executive Officer, Director)Carter Griffin(Director)
Board seatCarter GriffinJon Seeber· per SEC Form D
Bethesda, US
Guy Wolcott(Executive Officer, Director)Thomas Byrne(Director)Katy Murray(Director)Mark Walsh(Executive Officer, Director)Robert Stewart(Director)William Savage, Jr.(Director)
Board seatCarter Griffin· per SEC Form D · $7M raise · filed Feb 2018
Toronto
Bernard Lim(Director)Jim Liang(Director)Kelly Dore(Director)Dan Moss(Director)Rich Emrich(Executive Officer, Director)Matt Holland(Director)
Alert Logic delivers managed security services including threat detection and response, cloud security, and incident readiness for enterprises.
CybersecurityEnterprise Software
Paul Marvin(Executive Officer)Lisa Pearson(Director)Darren Battistoni(Director)Jim Lewandowski(Executive Officer)Tony de Nicola(Director)Robert Grayson Hall(Executive Officer, Director)
Complete live streaming solution for organizations including colleges, high schools, churches, and businesses
Cleveland, US
Sam Gerace(Director)Gordon Daily(Executive Officer, Director)Tera Mitter(Executive Officer)Peter Spaulding(Executive Officer)Edward Cochran(Director)Mike Griffith(Executive Officer)
WellSky operates a network connecting post-acute and social care providers with health plans and government organizations to coordinate care management and reduce costs.
Enterprise SoftwareHealthtech
HG Insights provides AI-driven Revenue Growth Intelligence platform for B2B technology teams to unify market, account, technology, and buyer intent data for go-to-market planning and execution.
Marketing TechSaaSSales Tech
Jama Connect is a requirements management platform used by technology and aerospace companies for product development and compliance.
Developer ToolsEnterprise SoftwareSaaS
Austin, US
Ashley Rose(Executive Officer, Director, Promoter)Drew Rose(Secretary, Chief Security Officer)
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Fund performance · per public LP disclosures · 8
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Updata Partners VII, L.P.LPs: Texas Municipal Retirement System, District of Columbia Retirement Board | 2022 | — | 33.6% | 1.64x | 0.40x |
| Updata Partners VI, L.P.LPs: Texas Municipal Retirement System, District of Columbia Retirement Board | 2020 | — | 17.2% | 1.89x | 0.70x |
| Updata Co-InvestmentLPs: San Diego City Employees' Retirement System | 2014 | — | 16.5% | 2.83x | 2.83x |
| Updata Partners V, L.P.LPs: Texas Municipal Retirement System | 2014 | — | 18.4% | 2.16x | 1.34x |
| Updata Partners IVLPs: The Regents of the University of California | 2007 | — | 9.9% | 1.31x | 1.31x |
| Updata Venture Partners IV, L.P.LPs: The Regents of the University of California | 2007 | — | 12.5% | 1.37x | 0.10x |
| Updata Partners IIILPs: The Regents of the University of California | 2005 | — | 7.6% | 1.55x | 1.55x |
| Updata Venture Partners III, L.PLPs: The Regents of the University of California | 2004 | — | -0.5% | 0.97x | 0.67x |
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
- What stage does Updata Partners invest at?
- Updata Partners invests at the Growth, Late Stage stages.
- What is Updata Partners's typical check size?
- Updata Partners typically writes checks of $20M – $200M.
- What sectors does Updata Partners focus on?
- Updata Partners focuses on AI & Machine Learning, Enterprise Software, SaaS.
- Where is Updata Partners located?
- Updata Partners is headquartered in Washington, US.
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