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ABS Capital Partners is a growth equity firm founded in 1990 and headquartered in Washington, DC. The firm specializes in providing capital and operational support to emerging growth businesses, particularly in the software and tech-enabled services sectors. Over its three decades of operation, ABS Capital has invested in approximately 130 companies across eight funds, raising a total of $2.5 billion. This extensive experience positions ABS as a significant player in the growth equity space.
ABS Capital focuses on companies that require both financial investment and hands-on assistance in scaling their operations. The firm has a strong emphasis on B2B software and tech-enabled services, targeting businesses that demonstrate strong year-over-year growth and are nearing profitable unit economics. The firm operates from two office locations: Washington, DC, and Hunt Valley, MD.
Notable milestones in ABS Capital's history include successful exits such as Alarm.com and PowerReviews, showcasing the firm's ability to identify and nurture high-potential companies. The firm’s long-term commitment to growth equity is evident in its consistent investment strategy and its active involvement in the operational aspects of its portfolio companies.
ABS Capital Partners focuses on investing in B2B software and tech-enabled services businesses that have strong technology and data foundations. The firm primarily targets companies in sectors such as FinTech, Healthcare, Human Capital/EdTech, Data, Analytics & Intelligence, Security/Compliance, and Smart Infrastructure. ABS seeks to partner with companies that have revenues between $5 million and $50 million and are experiencing strong year-over-year growth.
Investment sizes typically range from $10 million to $25 million, allowing ABS to take either minority or majority ownership stakes. The firm is particularly interested in companies that are at or nearing profitable unit economics, which indicates a sustainable business model. ABS Capital's investment strategy emphasizes the importance of operational support, helping portfolio companies improve their sales and marketing strategies, corporate governance, and technology modernization.
ABS Capital's thesis is centered around identifying high-growth potential companies that can benefit from both capital and strategic operational guidance. This approach not only enhances the value of the investments but also positions the portfolio companies for long-term success in their respective markets.
ABS Capital Partners has a diverse portfolio of approximately 130 companies, with notable investments in various sectors. Key portfolio companies include:
In addition to these active investments, ABS Capital has achieved notable exits, including:
This portfolio reflects ABS Capital's strategic focus on high-growth sectors and its commitment to supporting companies that leverage technology to drive innovation and efficiency.
Mike Avon - Co-Managing Partner. Mike has extensive experience in growth equity and has led numerous successful investments at ABS Capital.
John Stobo - Co-Managing Partner. John brings a wealth of knowledge in operational support and investment strategy, contributing to the firm's success.
Cal Wheaton - Partner. Cal focuses on identifying high-potential investments and supporting portfolio companies in their growth journeys.
Jennifer Krusius - Partner. Jennifer specializes in operational improvements and works closely with portfolio companies to enhance their performance.
Robyn Lehman - Partner and CFO. Robyn oversees financial operations and plays a key role in investment decisions.
Phil Clough - Chairman and Partner. Phil has a long history with ABS Capital and provides strategic guidance to the firm.
Bion Ludwig - Venture Partner. Bion contributes his expertise in venture capital and operational strategy.
Roshan Potarazu - Vice President. Roshan focuses on sourcing new investment opportunities and supporting portfolio companies.
Collin Llewellyn - Senior Associate. Collin assists in due diligence and investment analysis.
Darcy Antonellis - Operating Advisor. Darcy provides operational insights to portfolio companies.
Marla Blow - Operating Advisor. Marla works with companies on strategic growth initiatives.
Greg Rable - Operating Advisor. Greg offers expertise in technology modernization and operational efficiency.
Ted Saunders - Operating Advisor. Ted supports portfolio companies in governance and management practices.
Kiersten Todt - Operating Advisor. Kiersten provides insights into data strategy and analytics.
Jennifer Notes - Principal & Controller. Jennifer manages financial reporting and compliance.
Holly Schmidbauer - Fund Accountant. Holly oversees fund accounting and financial operations.
Don Hebb - Chairman Emeritus & Founding Partner. Don has been instrumental in shaping the firm's investment philosophy.
Selam Kelati - Executive Assistant. Selam supports the executive team in various administrative capacities.
Candy (Runxian) Li - Executive Assistant. Candy assists with operational tasks and team coordination.
Liz Nightingale - Executive Assistant. Liz provides administrative support to the team.
To pitch ABS Capital, founders should send an email to abscapital@abscapital.com. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, and growth strategy. Founders should also be prepared to discuss how their company aligns with ABS Capital's focus on B2B software and tech-enabled services.
While ABS Capital does not specify a formal application process, a well-structured pitch that highlights the company's revenue, growth trajectory, and operational needs will increase the chances of a positive response. Founders can expect a response time that varies based on the volume of inquiries, but it is advisable to follow up if no response is received within a reasonable timeframe.
In April 2024, ABS Capital led a $20 million Series C investment in Cariloop, a caregiver support platform. This investment underscores ABS Capital's commitment to supporting companies that enhance healthcare engagement.
In March 2025, ABS Capital announced a Series B investment in Greenspace Health, a provider of Measurement-Based Care (MBC) technology, highlighting the firm's focus on innovative healthcare solutions.
ABS Capital also made a growth investment in CERTIFY Health in May 2025, further expanding its portfolio in the healthcare technology sector.
Recent exits include Alarm.com and PowerReviews, showcasing ABS Capital's successful track record in identifying and nurturing high-potential companies.
What are ABS Capital's investment criteria?
ABS Capital focuses on B2B software and tech-enabled services companies with revenues between $5 million and $50 million. They look for businesses that demonstrate strong year-over-year growth and are nearing profitable unit economics.
How can I pitch to ABS Capital?
Founders can reach out via email at abscapital@abscapital.com. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and growth strategy.
What makes ABS Capital different from other investors?
ABS Capital not only provides capital but also offers operational support to its portfolio companies. This includes assistance with sales and marketing strategies, corporate governance, and technology modernization.
What is the typical check size for investments?
ABS Capital typically invests between $10 million and $25 million in its portfolio companies, allowing for both minority and majority ownership stakes.
What geographic areas does ABS Capital focus on?
The firm primarily invests in North America, targeting companies across the United States that fit their investment criteria.
What is ABS Capital's post-investment involvement like?
ABS Capital is actively involved in the operational aspects of its portfolio companies, providing guidance and support to help them scale effectively.
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