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Polaris Growth Fund (PGF) is a collaborative investment firm based in Boston, Massachusetts, established in 2018. The firm emerged from Polaris Partners, which has over 25 years of experience in the healthcare and technology sectors. PGF focuses on partnering with founders of category-leading technology companies, providing both financial support and resources to help them achieve their growth potential.
Currently, PGF manages a portfolio of 13 companies and specializes in growth equity investments. The firm typically invests between $15 million and $50 million in companies that demonstrate annual recurring revenues ranging from $4 million to $20 million and are experiencing profitable growth of at least 10%. PGF's collaborative approach is designed to unlock and accelerate growth opportunities for its portfolio companies.
Polaris Growth Fund invests primarily in category-defining technology businesses, with a strong emphasis on the software and tech-enabled services sectors. The firm targets companies at various stages, including pre-seed, seed, seed+, and Series A, making equity investments ranging from $15 million to $50 million. PGF specifically looks for companies that have annual recurring revenues between $4 million and $20 million and are achieving profitable growth of 10% or more.
In addition to its focus on financial metrics, PGF seeks to partner with majority founder-owned companies, offering both majority and minority investments. This strategy allows PGF to provide the necessary resources and financial backing to help companies scale effectively. The firm’s investment thesis centers on collaborating with founders to unlock growth opportunities in the technology sector.
Polaris Growth Fund's portfolio includes a diverse range of technology companies, showcasing its focus on SaaS, healthcare, and fintech sectors. Notable portfolio companies include:
Bayard DeMallie: Senior Analyst with experience in technology investments and market analysis.
Bryce Youngren: Managing Partner with a background in venture capital and technology sectors.
Dan Lombard: Managing Partner who has led multiple successful investments in technology companies.
Deb Gironda: Executive Assistant providing administrative support to the team.
Eliza Drake: Operations Assistant focused on operational efficiency within the firm.
Eshna Parth: Analyst with expertise in financial modeling and market research.
Gabriel Papa: Associate involved in deal sourcing and due diligence.
Jeff Del Presto: Principal with a strong track record in technology investments.
Mark Augenstern: Finance & Operations professional managing financial strategies.
Maureen Sarewitz: Marketing & Product Management expert with experience in technology marketing.
Melanie Bis: Vice President with a focus on portfolio management and growth strategies.
Michael Ball: Associate contributing to investment analysis and portfolio support.
Michael Leone: Senior Analyst with a background in technology and finance.
Pat Mulach: Vice President specializing in operational support for portfolio companies.
Sabrina Chiasson McLaughry: Partner with extensive experience in venture capital and technology.
Sam Felker: Analyst focused on market research and investment analysis.
Steve Matthews: Operating Partner providing operational insights and support to portfolio companies.
To pitch Polaris Growth Fund, founders should send an email to info@polarisgrowthfund.com. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, competitive landscape, and financial projections. Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory.
As of March 2023, Polaris Growth Fund continues to actively invest in technology companies, maintaining a portfolio of 13 firms. The firm emphasizes its collaborative approach to investment, leveraging its extensive experience from its predecessor, Polaris Partners. Recent investments include notable companies such as Amplifire and DigiCert, reflecting PGF's commitment to supporting category-defining technology businesses.
Polaris Growth Fund has not publicly disclosed specific exit events or fund sizes, but its focus remains on partnering with majority founder-owned companies to provide the necessary resources for growth.
What are Polaris Growth Fund's investment criteria?
Polaris Growth Fund invests in category-defining technology businesses, primarily in the SaaS, healthcare, and fintech sectors. They target companies with annual recurring revenues between $4 million and $20 million and a profitable growth rate of at least 10%.
How can I apply or pitch to Polaris Growth Fund?
Founders can reach out to Polaris Growth Fund via email at info@polarisgrowthfund.com. It is advisable to include a detailed pitch deck outlining the business model, market opportunity, and financial projections.
What makes Polaris Growth Fund different from other investors?
Polaris Growth Fund emphasizes a collaborative investment approach, partnering closely with founders of majority-owned companies to provide not only capital but also strategic resources to accelerate growth.
What is the geographic scope of Polaris Growth Fund's investments?
Polaris Growth Fund primarily invests in North America, focusing on U.S.-based technology companies.
What is the typical check size for investments?
Polaris Growth Fund typically invests between $15 million and $50 million in each portfolio company.
What kind of post-investment involvement can founders expect?
Polaris Growth Fund actively collaborates with portfolio companies, providing operational support and strategic guidance to help them scale effectively.
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