Summit Partners

Investor- Venture Capital

Overview

Summit Partners was founded in 1984 with a commitment to find and partner with exceptional entrepreneurs to help them accelerate their growth and achieve dramatic results. Since then, Summit has become the investment partner of choice for many of the best growth companies in the world.

Country: United States

Founded: 1984

Headquarters: Boston, Massachusetts

617-824-1000

Investment Strategy

Geography

  • North America
  • Europe
  • Asia

Sector Focus

  • WealthTech
  • Payments and Remittances
  • Infrastructure and Enterprise Software
  • Data and Analytics

Investment Stage

  • Seed
  • Early Stage Venture
  • Later Stage Venture
  • Series A
  • Series B
  • Series C

Summary

Summit Partners was founded in 1984 with a commitment to find and partner with exceptional entrepreneurs to help them accelerate their growth and achieve dramatic results. Since then, Summit has become the investment partner of choice for many of the best growth companies in the world. We invest around the world, and have portfolio companies in North and South America, Europe, Asia, Australia and Africa. Based from offices in North America and Europe, our team travels the globe in search of growing companies and the resources to support them. We’ve grown to a team of more than 90 investment professionals, led by 28 Managing Directors whose tenures average more than 13 years with Summit. We have the capital and team to support your growth initiatives.

Our range of funds enables us to offer tailored options designed to support your company’s continued growth. Summit’s Peak Performance Group provides operational and tactical support to our portfolio companies, on-demand and at no cost. When you seek additional support to identify high-impact opportunities across sales, operations and infrastructure, we provide analysis and execution and then help transition newly developed tactics and operating approaches to your team.

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Investments

Date

Name

Size

Round

Co-Investors

Sector

Country

July 2016

Darktrace

$64m

Series C

Han Sikkens

Security Technology

United Kingdom

April 2016

Vestmark

$30m

Private Equity

Wealth Management

United States

February 2016

Fuze

$112m

Series E

Bruce Evans

Enterprise Software

United States

December 2015

Patsnap

$10m

Series B

Data Analytics

Singapore

December 2015

Signavio

$34.33m

Venture

Enterprise Software

Germany

December 2015

Reverb.com

$25m

Series B

E-Commerce

United States

November 2015

Mi9 Retail

Undisclosed

Undisclosed

Enterprise Software

United States

October 2015

TSheets

$15m

Series A

HR Software

United States

September 2015

Striim

$30m

Series B

Peter Y. Chung

Data Analytics

United States

September 2015

RELEX

$22.15m

Venture

Han Sikkens

Enterprise Software

Finland

July 2015

Darktrace

$22.5m

Series B

Han Sikkens

Security Technology

United Kingdom

June 2014

Visier

$25.5m

Series C

Greg Goldfarb

HR Software

Canada

May 2014

RiskIQ

$25m

Series B

Security Technology

United States

April 2014

TeleSign Corporation

$40m

Series B

Security Technology

United States

April 2014

Wellcentive

$12m

Venture

Data Analytics

United States

April 2014

NetBrain Technologies

$30m

Venture

Thomas Jennings

Security Technology

United States

December 2013

Arista Networks

$4.78m

Venture

Data Analytics

United States

November 2013

Linio

$50m

Private Equity

E-Commerce

Mexico

October 2013

A10 Networks

$80m

Private Equity

Security Technology

United States

July 2013

RiskIQ

$10m

Series A

Security Technology

United States

Funds Raised

Vintage

Fund Name

Amount

Summit Ventures

$160M

Summit Ventures II

$230M

Summit Ventures III

$280M

Summit Ventures IV

$610M

Summit Ventures V

$1.12B

Summit Ventures VI

$2.08B

Summit Subordinated Debt Fund

$140M

Summit Subordinated Debt Fund II

$335M

Summit Subordinated Debt Fund III

$465M

Summit Subordinated Debt Fund IV

$840M

Summit Accelerator Fund

$170M

Credit Fund

$520M

2014

Credit Fund II

$1B

2015

Ninth flagship fund

Undisclosed

Summit Partners Europe Private Equity Fund

$1.05B

Summit Partners Venture Capital Fund II

$310M

Summit Partners Venture Capital Fund III

$520M

2005

Summit Partners Private Equity Fund VII

$3B

2012

Summit Partners Growth Equity Fund VIII

$2.7B

Key Employees

Michael A. Medici
Managing Director

Peter A. Francis
Vice President

Justin A. Craigie
Senior Associate