PeakSpan Capital closes Growth Fund I on $150m
April 18, 2016
PeakSpan Capital has held the final close of its first growth equity fund on $150m and will focus on investing exclusively in business software companies.
The firm’s co-founders Phil Dur and Brian Mulvey have worked together for the past eight years.
PeakSpan, which was launched last year, currently has 13 portfolio investments. The main investment focus is on early-stage B2B/enterprise software businesses that serve the full spectrum of buyers from small companies to large corporations.
Dur said, “We launched PeakSpan with the ambition of building the partner of choice for growth-stage business software companies looking to secure capital and domain expertise to drive resilient growth and value creation.
“At its core, our philosophy is centered on leveraging our senior team’s collective 30+ years of experience investing in business software to work shoulder to shoulder with the entrepreneurs and management teams with whom we partner.”
Before PeakSpan Dur worked at Investor Growth Capital (IGC) for ten years as a leader in the software investment team.
Mulvey added, “PeakSpan is unique because we marry an old world, relationship-driven approach to working with management teams with a new world emphasis on data and proprietary technology to supercharge our performance and ability to impact our companies.
“Our proprietary technology stack, including a database of over 80,000 private company profiles and related information on the business software arena, provides us with the means to punch well above our proverbial weight in everything from sourcing to strategic development.”
Mulvey worked together with Dur at IGC for about seven years and before that he was part of the Boston and London investment teams of Summit Partners.
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