Fundraising Fox

Updata Partners

Growth equity

Washington · Growth–Late Stage · 39 people tracked

Also known as UPDATA MANAGEMENT, LLC

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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 LearningEnterprise SoftwareSaaSUnited StatesWashington

Source: firm website, verified Aug 3, 2026.

Stage
Growth–Late Stage
Check
$20M – $200M
HQ
Washington, US
Instruments
Equity
Private fund assets
$2.6B
VC funds
10
Tracked investments
86

Team · 39 people

from the firm's website
Alex Pinchev· Operating Advisor
Chris Cook· Operating Advisor
Derek Langone· Operating Advisor
Jill Nelson· Operating Advisor
Larry Freed· Operating Advisor
Pat Cox· Operating Advisor
Ryan Duguid· Operating Advisor
Simon Wilson· Operating Advisor
William Spruill· Operating Advisor

What they invest in

from 8 of 86 portfolio companies

Enterprise 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 path
Bigleaf Networksbigleaf.netin𝕏

Beaverton, US

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

Board seatJon Seeber· per SEC Form D

Bradford Networks

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

Community VenturesSEC filingmedium confidence

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

HG DataSEC filingmedium confidence

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

LendKey TechnologiesSEC filingmedium confidence

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

Liongard Inc.SEC filingmedium confidence

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

Nexii Building Solutions Inc.SEC filingmedium confidence

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

Pianopiano.ioin

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

Ruby Receptionists

Portland, US

Jon Seeber(Director)Jill Nelson(Executive Officer, Director)Carter Griffin(Director)

Board seatCarter GriffinJon Seeber· per SEC Form D

Sawbuck RealtySEC filingmedium confidence

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

Acclaris
Acuity Insights

Toronto

Bernard Lim(Director)Jim Liang(Director)Kelly Dore(Director)Dan Moss(Director)Rich Emrich(Executive Officer, Director)Matt Holland(Director)

Adthena
Alert Logicalertlogic.comin𝕏

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)

Amber Road
Appfluent
Benivobenivo.comin𝕏
BoxCastboxcast.comin𝕏

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)

Bridge Energy Group
Bridge2 Solutions
Built Inbuiltin.com
Cdatacdata.com
Cmware
Collective Bias
Contactmonkey
Corestreet
Datacore Software
E Security
Everest Software
First Insight
Foresee
Fusionauth
Getpaid
Glassbox
Harmony Information Systemsharmonyis.com

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 Insightshginsights.comin

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

Homesnaphomesnap.com
Icontact
Improvado
Interactions
Isheriff
Jama Softwarejamasoftware.comin

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

Developer ToolsEnterprise SoftwareSaaS

Jellyvision
Jobs2Web
July Systems
Landtech
Lendkey
Liongard
Living Securitylivingsecurity.comin

Austin, US

Ashley Rose(Executive Officer, Director, Promoter)Drew Rose(Secretary, Chief Security Officer)

Logi Analytics
M86 Security
Mashable
Matilda Cloud
MD Integrations
Merlin Technologies
Mp Objects
Nerdiogetnerdio.comin𝕏
Netkey
Netwrix
Nimaya

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
FundVintageCommittedNet IRRTVPIDPI
Updata Partners VII, L.P.LPs: Texas Municipal Retirement System, District of Columbia Retirement Board202233.6%1.64x0.40x
Updata Partners VI, L.P.LPs: Texas Municipal Retirement System, District of Columbia Retirement Board202017.2%1.89x0.70x
Updata Co-InvestmentLPs: San Diego City Employees' Retirement System201416.5%2.83x2.83x
Updata Partners V, L.P.LPs: Texas Municipal Retirement System201418.4%2.16x1.34x
Updata Partners IVLPs: The Regents of the University of California20079.9%1.31x1.31x
Updata Venture Partners IV, L.P.LPs: The Regents of the University of California200712.5%1.37x0.10x
Updata Partners IIILPs: The Regents of the University of California20057.6%1.55x1.55x
Updata Venture Partners III, L.PLPs: The Regents of the University of California2004-0.5%0.97x0.67x

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.

Images

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