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Carom Growth Partners is a Boston-based growth equity firm founded to invest in expansion stage enterprise software and technology businesses. Established with a mission to partner with high-growth technology companies, Carom provides capital to support their next phase of expansion. The firm is known for its commitment to sustainable business practices, prioritizing long-term growth over rapid, unsustainable expansion.
Currently, Carom Growth Partners manages a portfolio of three companies, focusing exclusively on the North American market. The firm typically invests between $5 million and $25 million, acquiring ownership stakes ranging from 20% to 65%. This investment strategy is designed to ensure that portfolio companies can achieve profitable unit economics and sustainable growth.
Carom Growth Partners specializes in investing in enterprise software and technology platforms. Their investment range is between $5 million and $25 million, targeting companies with annual revenues between $3 million and $15 million. The firm looks for businesses that demonstrate a minimum of 20% annual revenue growth and emphasizes profitable unit economics.
Ownership stakes acquired by Carom typically range from 20% to 65%. The firm’s investment strategy is centered on sustainable growth and long-term value creation, which aligns with their focus on partnering with high-growth companies and entrepreneurs. Carom Growth Partners seeks to collaborate with startups that share their commitment to sustainable business practices and technology innovation.
Carom Growth Partners has invested in three notable companies:
These companies exemplify Carom's focus on sustainable growth and technology innovation within the enterprise software sector.
Matt Tara: CEO of Carom Growth Partners, Matt has extensive experience in the venture capital space, focusing on growth equity investments in technology and software sectors. His background includes leading investments in high-growth companies and providing strategic guidance to portfolio firms.
To pitch to Carom Growth Partners, founders should visit their website at caromgrowth.com or email mtara@caromgrowth.com. It is important to include a comprehensive deck that outlines the business model, growth metrics, and alignment with Carom's focus on sustainable growth.
Founders should 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. Warm introductions are preferred but not mandatory.
As of March 2023, Carom Growth Partners continues to focus on its investment strategy in the enterprise software sector. The firm has made notable investments in companies like Clockworks Analytics and Vee 24, reinforcing its commitment to sustainable growth.
In recent months, Carom successfully facilitated the acquisition of WeSpire by Bonterra, highlighting its ability to identify and support high-potential companies in the SaaS space.
What are Carom Growth Partners' investment criteria?
Carom Growth Partners invests in expansion stage enterprise software and technology businesses, typically targeting companies with annual revenues between $3 million and $15 million and a minimum of 20% annual revenue growth. They seek to acquire ownership stakes of 20% to 65%.
How can I apply or pitch to Carom Growth Partners?
Founders can pitch to Carom Growth Partners by visiting their website at caromgrowth.com or by emailing mtara@caromgrowth.com. It is advisable to include detailed information about your business model, growth metrics, and how your company aligns with their investment focus.
What makes Carom Growth Partners different from other investors?
Carom Growth Partners emphasizes sustainable growth and long-term value creation over rapid expansion. They provide not only capital but also strategic guidance to help portfolio companies scale effectively.
What is the geographic scope of Carom Growth Partners' investments?
The firm primarily focuses on investments within North America, targeting high-growth technology companies in this region.
What is the typical check size for investments?
Carom Growth Partners typically invests between $5 million and $25 million in their portfolio companies.
What kind of post-investment involvement does Carom Growth Partners have?
Carom Growth Partners provides strategic guidance and support to its portfolio companies, focusing on enhancing operational efficiency and sustainable growth.
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