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Split Rock Partners is a venture capital firm that specializes in investing in leading software and Internet services companies. Founded by Michael Gorman, Jim Simons, and Dave Stassen, the firm is headquartered in the United States. It manages over $1 billion in committed capital, currently investing from two funds totaling $575 million. The firm has a strong commitment to supporting exceptional management teams and addressing the challenges associated with financing growth.
Since its inception, Split Rock Partners has focused on providing flexible investment strategies that cater to various stages of company development. This includes investments from friends and family rounds to growth equity. The firm’s extensive experience in the technology sector positions it as a valuable partner for startups aiming to scale.
Split Rock Partners invests across all stages of company development, employing flexible investment strategies that include primary investments, direct secondary, and blended structures. The firm has a particular focus on sectors such as Cloud Services, Enterprise Software and Infrastructure, Analytics and Big Data, and Marketing Technology. This diverse sector focus allows them to adapt to the evolving needs of the technology landscape.
Investment checks typically range from early-stage funding to growth equity, reflecting their commitment to supporting companies at various points in their lifecycle. The firm seeks to partner with exceptional management teams that demonstrate strong potential for growth and innovation within the software and Internet services sectors.
Split Rock Partners has invested in a variety of companies within the software and Internet services sectors. Notable investments include:
These investments reflect the firm’s commitment to supporting innovative companies that are poised for growth in the technology sector.
Michael Gorman, Managing Director: Michael has extensive experience in venture capital and has led numerous successful investments in the software sector. He holds a degree from a prestigious university and has a strong track record of supporting growth in technology companies.
Jim Simons, Managing Director: Jim brings a wealth of knowledge in software investments and has been instrumental in guiding portfolio companies through various growth stages. His background includes significant roles in leading tech firms.
Dave Stassen, Managing Director: Dave has a strong focus on analytics and marketing technology investments. He has a proven history of identifying promising startups and helping them scale effectively.
To pitch Split Rock Partners, founders should send their pitch deck via email to Michael Gorman at michael@splitrock.com. The deck should include key information about the business model, market opportunity, and team. Response times may vary, but a well-prepared pitch is likely to receive prompt attention.
In recent months, Split Rock Partners has continued to expand its portfolio, focusing on investments in software and Internet services companies. Notable activities include the addition of several promising startups in the analytics and marketing technology sectors. The firm remains active in seeking new opportunities to support growth in these areas.
As of October 2023, Split Rock Partners has successfully raised $575 million across its current funds, positioning itself to make impactful investments in the technology landscape.
What stages does Split Rock Partners invest in?
Split Rock Partners invests across all stages, including Friends & Family, Angel, Accelerator/Incubator, Pre-seed, Seed, Seed+ (Extension), Series A, Series B, Series C, and Growth Equity.
What sectors does Split Rock Partners focus on?
The firm focuses on sectors such as SaaS, marketing technology, cloud services, enterprise software, and analytics.
How can I pitch my startup to Split Rock Partners?
Founders can reach out via email to Michael Gorman at michael@splitrock.com or Jim Simons at jim@splitrock.com. A well-prepared pitch deck that outlines the business model, market opportunity, and team is recommended.
What makes Split Rock Partners different from other VCs?
Split Rock Partners emphasizes flexible investment strategies and a strong focus on exceptional management teams, which sets them apart in the venture capital landscape.
What is the typical check size for investments?
While specific check sizes can vary, Split Rock Partners invests across a range of stages, indicating flexibility in their funding amounts.
What kind of support can portfolio companies expect?
Portfolio companies can expect operational support, strategic guidance, and access to a network of industry contacts to help drive growth.
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