How many investments has Updata Partners made?

Updata Partners has 89 tracked investments, 6 of which have exited, including 6 dated in the last 24 months.

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.

Does Updata Partners lead rounds?

Updata Partners has led 9 of the 12 rounds where its role is on record.

Who does Updata Partners co-invest with?

Updata Partners most often shares deals with Accel, Bonfire Ventures, Francisco Partners, among 80 tracked co-investors.

Updata Partners

Growth equity

Washington · Growth–Late Stage · 39 people tracked

Also known as UPDATA MANAGEMENT, LLC

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Alex Finkelsteinunlockedknows Alex Phelan · together at Spark Capital (overlapped)

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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.

Invests inAI & Machine Learning Enterprise Software SaaS United States Washington

Source: firm website, verified Sep 22, 2026.

Stage

Growth–Late Stage

Check

$20M – $200M

Washington, District of Columbia, US

Instruments

Equity

Founded

2014

Last 12 months

5 investments

Private fund assets

$2.6B

VC funds

Tracked investments

Acquisitions

Team · 39 people

from the firm's website & public directories

Barry Goldsmith· Operating Partner and Co-founder· Edison, New Jersey, United Statesin

Barry Goldsmith is an Operating Partner and co-founder of Updata Partners, with more than 35 years of experience in the information technology industry as an entrepreneur, executive, investor, and advisor. In 1968 he founded CGA Computer, Inc., an IT consulting and software provider that went public in 1969 and was later taken private through a leveraged buyout before its divisions were sold to Computer Associates and CapGemini. He subsequently co-founded Updata Software and Sablesoft, which were acquired by Online Software and Platinum Technologies. He is a graduate of Rutgers University.

Braden Snyder· General Partner· Washington, District of Columbia, United Statesin

Braden Snyder is a General Partner at Updata Partners. He previously worked as an Associate at Sagent Advisors, a middle-market investment banking firm, within its Software & Systems and Aerospace, Defense & Technology groups, providing M&A and strategic advisory services. He earned a B.S. in Commerce with concentrations in Finance and Accounting from the University of Virginia's McIntire School of Commerce.

Carter Griffin· General Partner· Chevy Chase, Marylandin

Carter Griffin is a General Partner and co-manager of Updata Partners, where he has been part of the investment team since 2005, with over 25 years of experience as an operator and investor in software. He previously co-founded Brivo Systems, an early SaaS provider in physical security access control, serving as Chairman and CEO until its sale, and spent four years as a Senior Vice President at Kaiser Associates advising Fortune 500 clients. Earlier roles included positions with the Coca-Cola Company in London, American Management Systems, and Arthur Andersen; he holds a B.S. from the University of North Carolina at Chapel Hill and an M.B.A. from Northwestern University's Kellogg School.

Ira Cohen· Operating Partner and Co-founderin

Ira Cohen is an Operating Partner and co-founder of Updata Partners, with more than 35 years in the IT industry as an executive, investor, and advisor to software, internet, and IT services companies. He previously served as CFO and Treasurer of CGA Computer, Inc., which he helped take private in a 1984 management buyout, and earlier led Tridex and Computer Magnetics through acquisitions, divestitures, financings, and an IPO. He is a CPA, holds an M.S. in Finance from Boston University and a B.S. in Accounting from City University of New York, and completed Harvard Business School's Executive Education program.

Jon Seeber· General Partner· McLean, VAin

Jon Seeber is a General Partner at Updata Partners and co-manages the firm, having joined its investment team in 2006. Before Updata, he worked in Business Development at IBM Global Services, handling acquisitions, divestitures, investments, and partnerships, and earlier served as an officer in the U.S. Air Force and worked as a developer with two U.S. patents in network optimization and security. He holds a B.A. in Computer Science and History from Duke University and an M.B.A. from Harvard Business School.

James Socas· General Partner

Alex Phelan· Principal· Washington, District of Columbia, United Statesin

Alex Phelan is a Principal at Updata Partners. He previously invested in growth-stage technology companies at Summit Partners, worked in the software group at investment bank William Blair, and did venture capital investing at Spark Capital. He holds a B.A. in Business, Entrepreneurship & Organizations from Brown University.

Ryan Brady· Principal, Head of Value Creation· Washington, District of Columbia, United Statesin

Ryan Brady is a Principal and Head of Value Creation at Updata Partners. He previously worked in the PEVC practice at Cuesta Partners, a strategy and technology consulting firm, where he was a Manager and also served as Director of Operations, and he started his career at Liberty Advisor Group, a technology-focused consulting firm in Chicago. Brady holds a B.S. in Accounting and Business Administration from Washington & Lee University.

Alex Pinchev· Operating Advisor

Chris Cook· Operating Advisor· San Francisco Bay Areain

Daniel Anstandig· Operating Advisor· Austin, Texas, United Statesin

Daniel Anstandig is a technology entrepreneur, executive, and board member focused on AI, media, and financial technology. He is founder and CEO of Futuri, a subscription technology company serving media brands across 22 countries, and co-founded SparkTrade.io and the mental wellness app HappiSeek. He is a partner at 3D MediaVentures, where he advises media and tech executives.

Derek Langone· Operating Advisor· Sarasota, Florida, United Statesin

Dilan Amin· Associate· Washington, District of Columbia, United Statesin

Dilan Amin is an Associate at Updata Partners, where he previously worked as an Analyst and Summer Analyst. He earned a B.S. in Finance with a minor in Computer Science from Wake Forest University.

Eli Cuene· Associate· Washington, District of Columbia, United Statesin

Eli Cuene is an Associate at Updata Partners, where he previously worked as a Summer Analyst. Before that, he was an Investment Analyst Intern at Groove Capital, a Minneapolis-based venture capital firm. He holds a B.S. in Computer Science from Duke University.

Elizabeth Cholawsky· Operating Advisor· Santa Barbara, California, United Statesin

Elizabeth Cholawsky was most recently CEO of HG Insights, a big data and SaaS platform providing technology intelligence to B2B customers, where recurring revenue grew to over $60M ARR. She previously served as CEO of Support.com (Nasdaq: SPRT) and held executive roles at Citrix, ValueClick, and other technology companies. Her experience spans general management, marketing, product management, client services, and customer success, including sponsoring and integrating multiple acquisitions.

Erica Snow· Executive Assistant· Washington, District of Columbia, United Statesin

Erica Snow is an Executive Assistant at Updata Partners. She previously served as Director of Operations for the women's basketball program at Virginia Commonwealth University. She holds a B.A. in Communications and Media Arts from Montclair State University and an M.A. from VCU's Center for Sport Leadership.

Greg Olear· Chief Financial Officer· Riverside, New Jersey, United Statesin

Greg Olear is the Chief Financial Officer at Updata Partners, with twenty-five years of experience in finance and accounting. Before joining the firm, he served as Vice President of Finance at Digital 5, a company providing software for streaming multimedia content. He holds a B.S. in Commerce from Rider University and is a licensed CPA in New Jersey.

Ian Belloli· Senior Associate, Value Creation· Washington DC-Baltimore Areain

Ian Belloli is a Senior Associate for Portfolio Value Creation at Updata Partners. He previously worked at L.E.K. Consulting on private equity due diligence and growth strategy engagements in software and business services, and held an internal strategy role at Weave Communications, a SaaS company. He started his career with Teach for America teaching middle school STEM in Hawaii, and holds an MBA from Northwestern's Kellogg School of Management and a BS in Economics from Brigham Young University.

Jack Carroll· Associate· Washington, District of Columbia, United Statesin

Jack Carroll is an Associate at Updata Partners. He previously worked at America's Growth Capital, a boutique investment bank advising growth-stage technology companies. He earned a BSBA in Finance from Georgetown University's McDonough School of Business.

Jack Larson· Vice President· San Francisco Bay Areain

Jack Larson is a Vice President at Updata Partners. He previously served as Head of Finance & Strategy at dbt Labs, a data infrastructure company that scaled past $100 million in annual recurring revenue, and worked as an investor at Accel. He started his career as an analyst in Goldman Sachs's technology, media, and telecom investment banking group and holds a B.S. in Computer Science from the University of Notre Dame.

Jill Nelson· Operating Advisor

Jim Liang· Operating Partner· Charleston, South Carolina, United Statesin

Jim Liang is an Operating Partner at Updata with over 40 years in the technology and software industries. He previously served as Senior Vice President of Strategy & Corporate Development at Amdocs and as VP of Strategy for IBM's Global Technology Services division, and earlier held an investment banking career that included leading Global Technology Investment Banking at Morgan Stanley. He holds a Sc.B. in Applied Mathematics/Economics from Brown University and an M.B.A. in Finance/Marketing from the University of Chicago.

Justin Williams· Vice President· Washington, District of Columbia, United Statesin

Justin Williams is a Vice President at Updata Partners. He previously invested in growth-stage technology companies at LLR Partners and in media and entertainment at Domain Capital Group, and started his career in investment banking at SunTrust Robinson Humphrey (Truist Securities). He holds a B.A. in Business Administration with a concentration in Finance from Hampton University.

Kate Winkler· Operating Partner· Santa Cruz, California, United Statesin

Kate Winkler is a three-time CEO of private equity-backed companies, including a three-year tenure at Ruby, an Updata portfolio company acquired by a strategic buyer in 2022. Over a 25-year career in technology, she spent a decade as a technology investment banker, working with more than 75 companies. Her areas of expertise include technology-enabled business solutions, high-growth business models, and complex M&A.

Larry Freed· Operating Advisor

Mary Hampton McNeal· Vice President· Washington, District of Columbia, United Statesin

Mary Hampton McNeal is a Vice President at Updata Partners. She previously worked at Evercore, advising clients on M&A and other financial matters. She earned a B.S. in Accounting and Business Administration from Washington & Lee University, where she played on the women's tennis team.

Matthew Chilton· Senior Associate· Washington, District of Columbia, United Statesin

Matthew Chilton is a Senior Associate at Updata Partners. He previously worked as an Associate at KippsDeSanto & Co., a middle-market investment banking firm focused on the aerospace, defense, and government services sectors. He earned a B.S. in Commerce with a concentration in Finance from the University of Virginia's McIntire School of Commerce and a B.A. in Computer Science from the University of Virginia.

Nayana Celine Xavier· Analyst· Washington DC-Baltimore Areain

Nayana Celine Xavier is an Analyst at Updata Partners. She previously worked at Accel-KKR as a Summer Analyst on the Growth Equity team. She earned a B.S. in Commerce with concentrations in Finance and Management, including a Global Commerce & Society Track, from the University of Virginia's McIntire School of Commerce.

Neal Singal· Associate· Washington, District of Columbia, United Statesin

Neal Singal is an Associate at Updata Partners. Before joining the firm, he co-founded Global Pal, a startup that worked on digitizing restaurant ordering and payment processing. He earned a BSBA in Operations & Analytics and Management from Georgetown University's McDonough School of Business.

Pat Cox· Operating Advisor

Rick Lottenbach· Controller· Washington, District of Columbia, United Statesin

Rick Lottenbach is the Financial Controller at Updata Partners, responsible for the firm's financial operations and reporting. Before Updata, he worked for eight years at Alvarez & Marsal in the Federal Tax practice, rising to Senior Director with a focus on private equity and real estate. He is a CPA licensed in Virginia, with a B.S. in Accounting from the University of Richmond and an M.S. in Accounting-Tax from the University of Virginia.

Ryan Duguid· Operating Advisor

Shahaan Bashir· Analyst· Washington, District of Columbia, United Statesin

Shahaan Bashir is an Analyst at Updata Partners. He previously worked as a Summer Analyst at Resolve Growth Partners and as a Strategy Consulting Intern on the Health and Life Sciences Desk at DGA-Albright Stonebridge Group, a D.C.-based political risk and strategy consulting firm. He earned a B.S. in International Business from The George Washington University School of Business.

Simon Wilson· Operating Advisor

Sloan Gaon· Operating Partner· New York, New York, United Statesin

Sloan Gaon is a CEO focused on special situations such as turnarounds, strategic pivots, and business scaling at public and private/VC-backed companies. He was most recently CEO of PulsePoint, a healthcare data and technology company that was sold to WebMD, and previously led Dotmenu (Campusfood.com and Allmenus.com), which was sold to Grubhub. Earlier in his career he held senior strategic roles at Adknowledge, MIVA, Register.com, and TurboChef. He is a graduate of Syracuse College of Law and Clark University.

Stephanie Moore· Fund Accountant· Burke, Virginia, United Statesin

Stephanie Moore is a Fund Accountant at Updata Partners with more than twenty years of corporate accounting experience. She previously worked as Corporate Accounting Manager at Armacell LLC and handles day-to-day accounting tasks including payables, receivables, tax, and monthly financials. She earned a B.S. in Business Administration in Finance & Accounting from Elon University.

Steven Aldrich· Operating Advisor· San Francisco Bay Areain

Steven Aldrich spent seven years at GoDaddy, serving as Chief Product Officer from 2016 and joining in 2012 when the company acquired his startup Outright; there he helped grow the company through its transition from private to public. Earlier he spent over a decade in leadership roles at Intuit's consumer and small business divisions, joining in 1996 after selling them InsureMarket, an online insurance marketplace he co-founded. He holds an M.B.A. from Stanford, where he was an Arjay Miller Scholar, and a B.A. in physics from the University of North Carolina.

Suhas Chinthalapuri· Associate· Washington, District of Columbia, United Statesin

Suhas Chinthalapuri is an Associate at Updata Partners. He previously worked on the Corporate Strategy & Development team at Global Payments (NYSE:GPN), executing acquisitions, divestitures, and joint ventures totaling over $40 billion in enterprise value, and earlier held roles as an Investment Banking Analyst at Barclays and a Private Equity Summer Analyst at The Riverside Company. He earned a B.B.A. in Finance & Accounting from the University of Michigan Ross School of Business.

William Spruill· Operating Advisor

Founder mafia

The Updata Partners mafia →

9 people who came through Updata Partners went on to found or lead other companies.

Derek LangoneOperating AdvisorFounded Xebialabs +1 Jake SteinInternFounded RJMetrics +1 Steven AldrichOperating AdvisorFounded Positscience Elizabeth CholawskyOperating AdvisorFounded HG Insights Chris CookOperating AdvisorFounded Delphix Devon WatsonAssociate (internship)Founded Envera Systems Eric FutoranVenture Capital AssociateFounded Embrace Tom HessenVenture Capital InternFounded 9Lenses Rich EricksonGeneral PartnerFounded Lightview Capital

What they invest in

from 37 of 89 portfolio companies

SaaS ×28Enterprise Software ×21AI & Machine Learning ×17Cybersecurity ×7Data & Infrastructure ×7Marketing Tech ×7Cloud Computing ×6Fintech ×6

HQs:United States×28United Kingdom×2Australia×1Canada×1Cyprus×1Netherlands×1

Who they back

founder profiles across 23 portfolio companies

57%

solo founders

13 of 23 mapped founding teams

39%

repeat founders

of 23 founders with career history

~5.5 yrs

old at investment

median across 12 dated deals

Founding team size:solo founder×132 founders×93 founders×1

What their founders studiedfrom 23 founders with field-of-study data

Computer Science ×7Engineering ×5Business & Management ×3Finance & Accounting ×3

Where their founders worked beforefrom 23 founders with career history

American Campus Communities ×2

1 founders hold a PhD · 3 hold an MBA (of 23 with degree data)

Investments · 89 tracked

founders shown can be your intro path

By year:2026 · 4 2025 · 2 2023 · 5 2022 · 3 2021 · 1 2020 · 2 2019 · 2 2018 · 1 2016 · 3 2015 · 1 2014 · 2 2012 · 331 dated

Portnoxportnox.com in 𝕏Apr 2025 · $37.5M✓ verified

Portnox is a cloud-native enterprise platform that unifies zero trust access control, passwordless authentication, and policy enforcement across networks, applications, and infrastructure.

Cloud ComputingCybersecurityEnterprise SoftwareNew York, US

Ofer Amitai(Co-founder & CEO)in Idan Kuperman inNir AraninBen Kapuler

Co-investorsElsewhere Partners

Bigleaf Networksbigleaf.net in 𝕏Oct 2023

Bigleaf provides SD-WAN and network optimization technology that manages connectivity across satellite, cellular, and metered circuits, offering automatic failover, redundancy, and data cap enforcement.

Cloud ComputingEnterprise SoftwareSaaSBeaverton, US

JOEL MULKEY(Executive Officer, Director)inJOHN DESMOND(Director)BRUCE CHATTERLEY(Director)JEFF BURCHETT(Executive Officer)

Board seat Jon Seeber· per SEC Form D

Co-investorsAlliance of Angels Breakwater Ventures Eastward Capital Partners GoAhead Ventures Oregon Venture Fund Portland Seed Fund +1 more

Bradford Networksbradfordnetworks.com inJun 2016

Concord, US

Jessica Bailey(Executive Officer)Robert Scott(Executive Officer, Director)

Board John Bullock(Director)Daniel Moss(Director)Harry Ruda(Director)

Board seat Carter Griffin· per SEC Form D

Co-investorsWindspeed Ventures

Cdatacdata.com in 𝕏Mar 2020

CData provides a centralized data connectivity layer that unifies hundreds of SaaS apps, databases, and on-prem systems behind one relational interface, giving AI agents governed, authenticated, and audited access to live business data via MCP.

AI & Machine LearningData & InfrastructureEnterprise SoftwareChapel Hill, US

Gent Hito(Executive Officer, Director)inAmit Sharma(Executive Officer, Director)inKathy Priest(Executive Officer)

BoardJohn Burton(Director)inReid Conrad(Director)

Board seat Carter Griffin· per SEC Form D

Co-investorsAccel Warburg Pincus

Lendkeylendkey.com in 𝕏Mar 2016

LendKey operates an online lending platform that connects borrowers with credit unions and community banks for private student loans, auto loans, and personal loans.

B2B MarketplacesFintechMarketplacesSaaSNew York, US

Vince Passione(CEO & Founder)in Anoop Thyagarajan(Co-founder, Platform Engineering, Information and Data Security, and Infrastructure)in

Board Josh Stein(Director)in Danny Schultz(Director)in

Board seat Carter Griffin· per SEC Form D

Co-investorsNorth Atlantic Capital Gotham Ventures Stifel Financial Corp Threshold Ventures Zelkova Ventures TTV Capital

Performyardperformyard.com in 𝕏Dec 2023

PerformYard is a performance management platform that combines performance reviews, goal tracking, continuous feedback, engagement surveys, and 1:1 meetings in one AI-assisted system.

AI & Machine LearningFuture of WorkHR TechSaaSArlington, US

Sean Dunn inBenjamin Hastings(Executive Officer, Director)

Board seat Carter Griffin· per SEC Form D

Co-investorsChartline Capital Partners

Pianopiano.io inDec 2018 · $88M

Piano provides event tracking and analytics infrastructure serving over 1,000 clients across 12 countries.

AdTechAI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSaaSAmsterdam, NL

Trevor Kaufman(Executive Officer, Director)inTim Dirrenberger(Executive Officer)Allison Munro(Executive Officer)Kweli Washington(Executive Officer)Alex Franta(Executive Officer)

Board seat Jon Seeber· per SEC Form D

Co-investors3TS Capital Partners Neulogy Ventures Rittenhouse Ventures Runway Growth Capital VCFA Group

Ruby Receptionists inDec 2014

Portland, US

Board Jill Nelson(Executive Officer, Director)

Board seat Carter Griffin Jon Seeber· per SEC Form D

Co-investorsStepstone Group

Vertical Insureverticalinsure.comJul 2026SEC filingmedium confidence

Vertical Insure provides embedded insurance solutions integrated into e-commerce and service platforms across verticals including youth sports, events, pets, education, and travel.

InsurTechSaaSMinneapolis, US

Brock Noland(Executive Officer, Director, Promoter)Peter Zugschwert(Executive Officer, Director, Promoter)Charles Wyatt(Executive Officer)inRodney Salazar(Executive Officer)Ryan Kasprzak(Executive Officer)in

BoardRick Ehrman(Director)

Board seat Jon Seeber· per SEC Form D · $21M raise · filed Aug 2026

Co-investorsDundee VC Dundee Venture Capital GROOVE CAPITAL Rally Ventures Management, Llc

Acuity Insightsacuityinsights.comJul 2023

Acuity Insights provides admissions assessment products and services that evaluate students beyond academic performance to inform holistic college and program selection decisions.

EdTechEnterprise SoftwareSaaSToronto

Kelly Dore(Director)inRich Emrich(Executive Officer, Director)

Board Jim Liang(Director)inBernard Lim(Director)Dan Moss(Director)Matt Holland(Director)

Adthenaadthena.com inMar 2019 · $14M

Adthena provides a search intelligence platform that helps enterprise brands monitor and act on competitive activity across paid search surfaces, from Google Ads to AI-driven results like ChatGPT.

AdTechAI & Machine LearningMarketing Tech

Andrew Evetts(Founder)in

alert logicwelshcarson.comJan 2012Acquired

Houston-based provider of Security-as-a-Service and managed detection and response, now part of LevelBlue.

Co-investorsAccess Venture Partners Covera Ventures DH Capital Industry Ventures OCA Ventures

Alert Logicalertlogic.com in 𝕏Dec 2014

Alert Logic delivers managed security services including threat detection and response, cloud security, and incident readiness for enterprises.

CybersecurityEnterprise SoftwareHouston, US

Paul Marvin(Executive Officer)Jim Lewandowski(Executive Officer)Robert Grayson Hall(Executive Officer, Director)

BoardDarren Battistoni(Director)Tony de Nicola(Director)Lisa Pearson(Director)

Co-investorsMercury Fund WCAS

Amber Roadamberroadtrade.com in 𝕏

Amber Road provides cloud-based global trade management software that helps companies optimize their supply chains through automation, visibility, and compliance tools.

Cloud ComputingEnterprise SoftwareLogistics & Supply ChainSaaSEast Rutherford, US

Co-investorsGoldman Sachs Stonebridge Ventures

Benivobenivo.com in 𝕏Dec 2022 · $12M

Benivo provides employee relocation services combined with a SaaS platform for global mobility management, supporting policies such as managed services, lump sum, core-flex, and immigration on a single platform.

Future of WorkHR TechSaaSLondon, GB

Nitzan Yudan(Founder & CEO)in

Co-investorsGranatus Ventures Salica Investments

BoxCastboxcast.com in 𝕏

BoxCast provides live video streaming hardware and software, including pocket-sized encoders, a proprietary streaming protocol, OTT apps, and cloud-based audio mixing tools for broadcasters.

Creator EconomyHardwareMedia & EntertainmentSaaSCleveland, US

Gordon Daily(Executive Officer, Director)in Sam Brenner(Executive Officer)in Tera Mitter(Executive Officer)in Peter Spaulding(Executive Officer)in Mike Griffith(Executive Officer)in Ron Hopper(Executive Officer)in

Co-investorsFirst Leaf Capital Jumpstart Ventures Innovation Fund sa/nv

Built Inbuiltin.com in

Capital One operates as a technology-driven financial services company that leverages digital capabilities and data analytics to deliver banking and credit card services.

Cloud ComputingDeveloper ToolsEnterprise SoftwareFintechFuture of WorkHR TechMarketplacesSaaSSan Francisco, US

Co-investorsBonfire Ventures Deciens Dundee Venture Capital Pre-Seed to Succeed Service Provider Capital SteelSky Ventures +1 more

Contactmonkeycontactmonkey.com in 𝕏

ContactMonkey provides internal communications and employee newsletter software, with features for email creation, sending, and analytics.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechMarketing TechSaaS

Scott Pielsticker(Founder & CEO)in Jeff Cates(CEO)in

First Insightfirstinsight.com in

First Insight provides an AI-powered decision platform for retailers, brands, and manufacturers, using consumer feedback and predictive analytics to guide product design, merchandising, assortment planning, pricing, and supply chain decisions.

AI & Machine LearningRetail TechSaaSSewickley, US

Gregory J. Petro(Executive Officer, Director)Matthew Marshall(Executive Officer)James Maloney(Executive Officer)in

BoardRichard Marcus(Director)Joel Adams(Director)

Co-investorsAdams Capital Management Escalate Capital Partners HLM Venture Partners

Fusionauthfusionauth.io in 𝕏

FusionAuth provides enterprise-grade authentication and authorization infrastructure that can be self-hosted, cloud-deployed, or managed by the company.

Cloud ComputingCybersecurityDeveloper ToolsEnterprise SoftwareSaaS

Glassboxglassbox.com in 𝕏Dec 2011

Glassbox provides a digital experience intelligence platform that automatically captures interactions from websites and mobile apps to analyze user behavior, performance, and session data.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechMarketing TechSaaSGlen Head, US

Yaron Gueta‏(Founder)inYaron Gueta(Founder)inRichard Levinson(Executive Officer)Christopher Hummel(Executive Officer)Dorothy Young(Executive Officer, Director)

BoardMarianne Caponnetto(Director)

Co-investorsBrighton Park Capital Gefen Capital Ibex Investors Stand Up Ventures Susquehanna Growth Equity FinTech Collective +3 more

Harmony Information Systemsharmonyis.com inacquired by WellSky

WellSky provides a connected network and care management software linking post-acute and social care providers, aimed at reducing fragmentation in healthcare.

Digital HealthHealthtechSaaS

Co-investorsJMI Equity

HG Insightshginsights.com in

HG Insights provides AI-driven B2B intelligence datasets covering markets, technology adoption, IT spend, and buyer intent, along with analytics, copilots, and AI agents that automate go-to-market execution.

AI & Machine LearningData & InfrastructureMarketing TechSaaSSales Tech

Rohini Kasturi(Chief Executive Officer)in Satish Grandhi(Chief Technology Officer)in Vibhu Pratap(Chief Development Officer)in Scott Gordon(Chief Marketing Officer)in

Co-investorsBenhamou Global Ventures Bonfire Ventures Counterpart Ventures EPIC VENTURES Riverwood Capital ScOp Venture Capital

Improvadoimprovado.io in 𝕏May 2022 · $22M

Improvado offers a marketing data platform with partnership programs for technology and solution providers, connecting marketing data sources to BI tools, data warehouses, and visualization platforms.

AI & Machine LearningData & InfrastructureMarketing TechSaaS

Daniel Kravtsov(CEO, Founder)in Dmitry Nasikanov(CTO, Co-Founder)inAli Flynn(Director of Sales, Co-Founder)in

Co-investorsBessemer Venture Partners 500 Global AAF Management Ltd.Bullpen Capital Cabra VC FundersClub +1 more

Jama Softwarejamasoftware.com in

Jama Connect is a requirements management platform used by technology and aerospace companies for product development and compliance.

Developer ToolsEnterprise SoftwareSaaS

Co-investorsFrancisco Partners Insight Partners Madrona Venture Group Oregon Venture Fund

Jellyvisionjellyvision.com in 𝕏

Jellyvision creates custom digital communication tools and content—such as videos and interactive experiences—to help employers raise employee awareness and engagement with their benefits programs.

HealthtechHR TechInsurTechSaaS

Brian Meager(President)in Brynn Michelich(Chief Operating Officer)in Ashley Ferguson(Chief Revenue Officer)in Deepa Sharan(Chief Technology Officer)in

Co-investorsJackson Square Ventures

July Systems inFeb 2012

Santa Monica, US

Rajesh Reddy(Executive Officer, Director)inVenkat Ramaswamy(Director)Gopal Rangachary(Executive Officer)in

Board Carter Griffin(Director)inNeill Brownstein(Director)Surendra Jain(Director)

Co-investorsIntel Capital WestBridge Capital

Kryon Systemskryonsystems.com inacquired by Nintex

Nintex provides robotic process automation software that uses bots to automate repetitive, rule-based business tasks for enterprises.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaS

Co-investorsAquiline Technology Growth Francisco Partners Oak HC/FT R136 Ventures Savano Capital Partners Vertex Ventures Israel +1 more

LandTechland.tech in 𝕏

LandFund is a development finance platform that connects property developers and investors with over 100 lenders for structured funding across residential, mixed-use, and commercial projects.

Construction TechData & InfrastructureFintechPropTech

Co-investorsJLL Spark Global Ventures Pi Labs JLL Spark

Living Securitylivingsecurity.com in

Living Security offers a human risk management platform that measures and responds to employee security behaviors rather than relying solely on awareness training.

CybersecurityEnterprise SoftwareSaaSAustin, US

Ashley Rose(CEO & Co-Founder)in Drew Rose(Co-Founder)in

Co-investorsCathexis Ventures Silverton Partners

M86 Security inJan 2012

Irvine, US

John Vigouroux(Executive Officer, Director)in Bruce Green(Executive Officer)in

BoardPhilip Weston(Director)Mahendra Vora(Director)Simon Wilson(Director)Michael Eisenberg(Director)

Motivitymotivity.netSep 2026 · $50M

Motivity offers an all-in-one software platform for ABA (Applied Behavior Analysis) providers, covering scheduling, billing, and real-time data collection.

Digital HealthHealthtechSaaS

Co-investorsFive Elms Capital

Nerdiogetnerdio.com in 𝕏

Nerdio builds Nerdio Manager, a management and automation platform for cloud virtual desktop infrastructure (VDI) and Desktop as a Service, with native integration to Microsoft tools such as Azure Virtual Desktop.

Cloud ComputingEnterprise SoftwareSaaS

Vadim Vladimirskiy(Co-founder & CEO)inJoseph Landes(Co-founder & President)in

Co-investorsGeneral Atlantic Lead Edge Capital MK Capital

Netwrixnetwrix.com in 𝕏May 2023acquired by TA Associates

Netwrix provides unified data and identity security solutions through its 1Secure platform, serving organizations that need to secure data and identities at scale.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaSIrvine, US

Alexander Vovk(Executive Officer, Director)Mikhail Fimin(Executive Officer, Director)Brian Helwig(Executive Officer)in

Co-investorsTA Associates Toba Capital W Capital Partners Centerbridge Partners, L.P.

Object Videoobjectvideo.com in

Produces intelligent surveillance systems based on advanced machine vision.

Co-investorsNovak Biddle Venture Partners

PathFactorypathfactory.com in 𝕏

PathFactory is an AI-powered content experience platform that helps B2B companies deliver personalized buyer journeys and capture first-party engagement data to drive revenue.

AI & Machine LearningEnterprise SoftwareMarketing Tech

Nick Edouard(Founder)in Dev Ganesan in

Co-investorsEdison Partners Killick Capital BDC Capital Corporation BDC Venture Capital Vertu Capital

Pharmesolpharmesol.com inJul 2026

Pharmesol builds a network of AI agents that automate manual, fragmented processes across healthcare systems and workflows, aiming to make medications safer and easier for patients and clinicians.

AI & Machine LearningBiotechDigital HealthHealthtechCoppell, US

Saumya Rawat(Director)inSiyeon Park(Executive Officer)Evan Feldman(Director)

Co-investorsEntrepreneurs Roundtable Accelerator (ERA)Arthur Ventures Ten VC

Practifipractifi.com in 𝕏Jan 2020 · $24M

Practifi builds a CRM platform designed for wealth management and financial advisory firms to deepen client relationships and improve service delivery at scale.

AI & Machine LearningEnterprise SoftwareFintechSaaSSydney, AU

Adrian Johnstone(Chief Executive Officer)inEmily(Chief Operating Officer)

Co-investorsEVP

Shuftishuftipro.com in 𝕏Mar 2022

Shufti Pro provides investor verification software that combines accreditation validation, beneficial ownership analysis, and AML screening into a single workflow for regulated platforms and fund administrators.

AI & Machine LearningCybersecurityEnterprise SoftwareFintechSaaSLimassol, CY

Shahid Hanif(CEO & Co-Founder)in Victor Fredung(Chairman & Co-Founder)in

Storyblocksstoryblocks.com in 𝕏

Storyblocks operates a subscription-based stock media library of over 6 million human-made video clips, audio, sound effects, and templates for creators and video producers.

Creator EconomyMedia & EntertainmentSaaS

Co-investorsNorth Atlantic Capital

TJM Labstjmlabs.com in 𝕏Dec 2025

TJM Labs builds AI agents that automate pharmacy operational tasks such as prescription intake, data entry, refills, prior authorization, and patient communication, working across pharmacies' existing systems with pharmacist oversight.

AI & Machine LearningDigital HealthHealthtechSaaSBear, US

Jonathan Adly(Founder & CEO)in

Board Patrick Meenan(Director)in

Co-investorsArthur Ventures

Trustwavetrustwave.com in 𝕏Acquired

Trustwave (operating as LevelBlue) is a managed security services provider offering 24/7 threat detection, investigation, response, and cloud security services for enterprises.

CybersecurityEnterprise SoftwareChicago, US

Andrew Bokor(Executive Officer)Robert J McCullen(Executive Officer)inMark Iserloth(Executive Officer)David Parkinson(Executive Officer)Doug Klotnia(Executive Officer)James Kunkel(Executive Officer)

Co-investorsAlpine Meridian Bright Pixel Capital FTV Capital JMI Equity Paladin Capital Group Partners for Growth +2 more

Xebialabsxebialabs.com in 𝕏

Digital.ai applies agentic AI across the software delivery lifecycle — including planning, security, testing, and DevOps — to help large enterprises release software faster and with less risk.

AI & Machine LearningDeveloper ToolsEnterprise Software

Co-investorsAccel Susquehanna Growth Equity

Other

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

Community Ventures HG Data Liongard Inc.Nexii Building Solutions Inc.Salient Monitoring SolutionsSawbuck RealtyAcclarisAppfluentBridge Energy GroupBridge2 SolutionsCmwareCollective BiasCorestreetDatacore SoftwareE SecurityEverest SoftwareForeseeGetpaidHomesnapIcontactInteractionsIsheriffJobs2WebLogi AnalyticsMashableMatilda CloudMD IntegrationsMerlin TechnologiesMp ObjectsNetkeyNimayaNumara SoftwareOrdermotionPet360PulsepointRedvision SystemsRes SoftwareSecure SoftwareSoftekSpectrum K12The Kernel GroupTitanxUberflipV3 SystemsVector Remote CareViewpoint

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.

Exits · 6

6 acquisitions · showing 4

Harmony Information Systemsacq. by WellSkyKryon Systemsacq. by NintexLogi Analyticsacq. by Marlin Equity PartnersNetwrixacq. by TA Associates

Portfolio news

latest coverage across their companies

Press Release: $7M in Growth Financing for Benivo

Benivo · benivo.com · Jul 30, 2026

Brickflow x LandTech: Smarter Site Funding Starts Here

LandTech · land.tech · Apr 27, 2026

Nerdio Surpasses $100 Million in Annual Recurring Revenue as Enterprises Shift to Microsoft Cloud - Nerdio

Nerdio · getnerdio.com · Jun 20, 2025

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

How many investments has Updata Partners made?: Updata Partners has 89 tracked investments, 6 of which have exited, including 6 dated in the last 24 months.
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.
Does Updata Partners lead rounds?: Updata Partners has led 9 of the 12 rounds where its role is on record.
Who does Updata Partners co-invest with?: Updata Partners most often shares deals with Accel, Bonfire Ventures, Francisco Partners, among 80 tracked co-investors.

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