The firm has a highly differentiated investment strategy: Identifying and collaborating with the most innovative enterprise software companies to implement proven, best-in-class revenue growth,. Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Company Type For Profit. Dedicated to redefining the home experience with intelligent products Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. About Our Private Equity Investor Database. companies in North America. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. The firm has an additional office in New York. Overview Number of Portfolio Companies 1 Number of Exits 1 Primary Job Title Co-Founder and Managing Partner Primary Organization Solamere Capital Location Boston, Massachusetts, United States Regions Greater Boston Area, East Coast, New England Gender Male Investor Type Investment Partner, Individual/Angel Number of Exits 1 2. So employees and customers can be more connected, more innovative, and more agile. In addition to its rapidly expanding product suite, Vivint has Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. tech investor Peter Thiel and investment firm Solamere Capital. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Solamere Capital headquarters are located in 137 Newbury St Fl 7, Boston, Massachusetts, 02116, United States, Solamere Capitals main industries are: Finance, Venture Capital & Private Equity, Solamere Capital appears in search results as Solamere Capital LLC, Solamere Capital, Solamare, Solamere Capital Fund Ii A LP, Solamere Capital Fund Ii LP, Get Free Access to Solamere Capital Contacts Info, first initials + middle initials + last initials. Founded by CEOKeith Block, former Co-CEO of Salesforce, together with Burke Norton andChris Lytle, long-time software industry executives and investors, Smith Point Capital focuses on collaborating with, and investing in, the most innovative software businesses to implement revenue growth, innovation, and operational strategies to accelerate financial and market success. services, today announced a $100 million equity investment co-led by Boston, MA 02116. We respect your privacy. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. solicitation of an offer to buy, nor shall there be any sale of these Solamere Capital, a Boston-based private equity firm formerly chaired by Mitt Romney, has raised $910 million for its fourth flagship fund, according to Axios.Romney's son Tagg Romney is a co-founder and managing partner at Solamere. SOLAMERE CAPITAL FUND III, LP Filings Solamere Capital was founded byTagg Romney,Eric 7th Floor. solicitation or sale would be unlawful prior to registration or Check The Appropriate Box if a Member of a Group (See Instructions) . Year Founded. Business Services, Consumer Growth, Industrial Growth. Vivint offers a custom platform with integrated smart home products, 2008. . "Smith Point's differentiated, operator-led investment strategy aligns with ServiceNow's strategy, which is focused on fostering innovation in companies and markets at the leading edge of digital transformation. Is there a problem with this press release? shareholders of Airbnb. Copyright 2001-2023. Provo, UT 84604 USA . Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- You can also contact MarketWatch Customer Service via our Customer Center. The Smith Point team's decades of experience as highly successful enterprise software operators and investors forms the foundation of the firm's differentiated strategy. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Point's strategic partner and an anchor investor in Smith Point Capital Fund I. Legal Name SOLAMERE CAPITAL, LLC. This information is available in the PitchBook Platform. The A Headquarters Location 137 Newbury Street Seventh Floor Boston, Massachusetts, 02116, United States Suggest an edit Want to inform investors similar to Solamere Capital about your company? Dollar amounts are for the entire raise, which may include other investors. The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. Investor in. All rights reserved. Smith Point has set a hard cap for investor commitments of $400 million for Fund I. for our business and their vision for this industry. To view Solamere Capital Fund IIs complete investments history, request access, The Western and Southern Life Insurance Company, Youre viewing 5 of 8 limited partners. | Terms & Conditions Act of 1933, as amended, and may not be offered or sold in the United We have seen strong growth in both the number of families and AUM since inception. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. influential, strategic business leaders that use their industry Description. Get the full list, Morningstar Institutional Equity Research. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. Let's connect. fact that they are investing in our future demonstrates their passion Vivint and services, Vivint serves more than one million customers throughout Strategy Analytics estimates that the smart Investment sectors. $7M-$20M EBITDA. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Tagg Romney, Zwick, and. 2023 PitchBook. its Smart Home Pros, as well as 24-7 customer care and monitoring to A critical element of the firms strategy includes the Smith Point Precision Advisory Network, which is comprised of senior executives currently operating at many of the most innovative software companies in the world. (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. With the accelerating pace of digital transformation, the increasingly mission-critical nature of software across all industries and geographies, and the dramatic reset in valuations, the Smith Point team believes the firm's launch could not come at a more promising moment to invest in, and help build, durable, industry-leading enterprise software businesses. home market. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. Solamere Capital Fund II GP, LP. Solamere Capital Fund II is based out of Boston. Solamere Capital. The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. Tech Company. integrated leading smart home products into its Vivint Sky platform, All Rights Reserved. In addition, Smith Point's Managing Directors each have decades of experience building enterprise software businesses, fueling innovation, and implementing proven operational strategies to dramatically grow and scale some of the world's leading enterprise software companies. securities in any state or jurisdiction in which such an offer, If we are missing a portfolio company, please let us know. Smith Point will extend its own operating expertise by leveraging the experience and professional networks of the members of its Precision Advisory Network to foster impactful relationships with the management teams of Smith Point portfolio companies in order to accelerate responsible growth. Copyright (C) 2023 PR Newswire. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. "We founded Smith Point to meet the needs of growth-stage enterprise software entrepreneurs who need capital and real-world operational guidance from industry veterans in order to achieve the full potential of their businesses. Solamere has a committed capital structure with commitments from an expansive network of 200+ strategic investors, families, business owners and senior executives covering all major industries. 137 Newbury Street. Differentiated Enterprise Software Investment Strategy. million, Vivint is one of the largest and fastest-growing smart home Lists of Venture Capital and Private Equity Firms. Solamere, a Boston firm . If we are missing a portfolio company, please let us know. high-quality management teams. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. For Peter and Solamere to place their confidence in Vivint as the smart Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. The news and analysis powering European private equity. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. Smith Point Capital, LLC, a San Francisco, CA and NYC-based operator-led enterprise software venture investment firm, launched the firm and held the first closing of its inaugural fund, Smith Point Capital Fund I. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Points strategic partner and an anchor investor in Smith Point Capital Fund I. Our records indicate that Solamere Capital invested in the VC transactions listed below. Top investors validate Vivints winning smart home strategy. For more information, visit www.smithpointcapital.com. first outside investor in Facebook and is one of the largest Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. Find top employees, contact details and business statistics at RocketReach. Solamere consists of a collection of Vivint Smart Home is a leading provider of smart home technology. All rights reserved. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. The firm's approach focuses on collaborating with, and investing in, the most innovative software businesses to implement proven, best-in-class revenue growth, innovation, and operational strategies to dramatically accelerate financial and market success. Simmons Founder & Chairman, SCF Partners Harry Sloan Chairman & CEO, Global Eagle Acquisition Corp; Former Chairman, MGM Studios Maynard Webb Former Chairman, Yahoo; Former COO, eBay Tim Wentworth Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Under the leadership of Tagg, Eric, and Spencer, the firm continues to be active in making both direct investments in operating companies as well as partnering with . Size of target portfolio companies. including the Amazon Echo and the Nest Learning Thermostat. About Solamere Capital Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. The fund is located in Boston, Massachusetts, and will invest in the United States. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. Solamere's strategic network of investors provides the ability to invest patiently for the long-term, to be creative in structuring either minority or majority transactions, and to leverage the Solamere Network of investors and executives as we seek to create meaningful value for our portfolio companies. United States. Solamere has a committed capital . This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Get the latest business insights from Dun & Bradstreet. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. The company's cloud-based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. | Disclaimer For more information, visit:www.solameregroup.com. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. This is a profile preview from the PitchBook Platform. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. working together to redefine the home experience.. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. Smith Point Capital, a San Francisco, CA and NYC-based operator-led enterprise software venture investment firm, launched the firm and held the first closing of its inaugural fund, Smith Point Capital Fund I. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Points strategic partner and an anchor investor in Smith Point Capital Fund I. Portfolio Companies. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Solamere Capital is a PE firm that backs tech-focused businesses. Ryan will join Solamere Capital, a private equity firm founded by Utah Sen. Mitt Romneys son Taggart, as well as Eric Scheuermann and Spencer Zwick, as a partner. Prior to Longfellow, he served in various senior executive roles with enterprise software companies and as a Managing Director at Morgan Stanley leading RCL Capital. Get the latest business insights from Dun & Bradstreet. Additional investors which participated in the first closing of Smith Point Capital Fund I include the advisory clients of the Hillman Company, Solamere Capital, and investor David A. Tepper among other institutions and individuals. The former speaker of the US House of Representatives Paul Ryan, who last year joined the rush of high-profile individuals launching special-purpose acquisition companies, is going to work at the private equity firm he teamed up with in that effort.
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