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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 and is 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 established itself as a key player in the venture capital space, focusing on sectors that drive technological advancement. The firm’s investment strategy is designed to adapt to the evolving needs of its portfolio companies, ensuring that they receive the necessary support to scale effectively. Notable milestones include the successful management of multiple funds and a diverse portfolio that reflects its investment philosophy.
Split Rock Partners invests across all stages of company development, from friends and family rounds to growth equity. The firm employs flexible investment strategies, including primary investments, direct secondary, and blended structures, allowing it to adapt to the unique needs of each investment opportunity. Its sector focus includes Cloud Services, Enterprise Software and Infrastructure, Analytics and Big Data, and Marketing Technology.
In the Cloud Services sector, Split Rock Partners leverages public, private, and hybrid cloud environments to enhance operational efficiency. The firm also invests in Enterprise Software and Infrastructure, aiming to improve flexibility, scalability, and security while reducing costs for its portfolio companies. Additionally, its focus on Analytics and Big Data emphasizes transforming large datasets into actionable insights, while its Marketing Technology investments provide solutions for analyzing, attracting, and retaining customers.
Split Rock Partners has a diverse portfolio that includes companies across various sectors within software and Internet services. Notable investments include:
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. He has a background in engineering and finance, which enhances his investment acumen.
Dave Stassen, Managing Director: Dave specializes in marketing technology investments and has a proven history of identifying promising startups. His expertise in the marketing sector allows him to provide valuable insights to portfolio companies.
To pitch to Split Rock Partners, founders should reach out via email to michael@splitrock.com. A concise pitch deck that includes the business model, market opportunity, and team background is essential. Response times may vary, but founders should expect to hear back within a few weeks.
In recent months, Split Rock Partners has continued to expand its portfolio, focusing on investments in software and Internet services companies. The firm has successfully closed new deals in the Cloud Services and Marketing Technology sectors, reflecting its commitment to supporting growth in these areas. Additionally, the firm has announced plans to raise a new fund, which will further enhance its investment capabilities.
Leadership changes have also occurred, with Michael Gorman taking on a more prominent role in guiding the firm's investment strategy. This shift aims to strengthen the firm's focus on exceptional management teams and innovative solutions in the technology sector.
What are Split Rock Partners' investment criteria?
Split Rock Partners invests in companies across all stages of development, focusing on software and Internet services sectors. They look for exceptional management teams and innovative solutions that address market needs.
How can founders apply or pitch to Split Rock Partners?
Founders can pitch to Split Rock Partners by reaching out via email to Michael Gorman at michael@splitrock.com. A well-prepared pitch deck that outlines the business model, market opportunity, and team background is essential.
What makes Split Rock Partners different from other venture capital firms?
Split Rock Partners differentiates itself through its flexible investment strategies, which include primary investments, direct secondary, and blended structures. This adaptability allows them to meet the specific needs of their portfolio companies.
What is the geographic scope of Split Rock Partners' investments?
The firm primarily invests in the United States, focusing on companies that operate within the software and Internet services sectors.
What is the typical check size for investments made by Split Rock Partners?
While specific check sizes can vary, Split Rock Partners invests across all stages, which typically includes early-stage investments as well as growth equity rounds.
What type of post-investment involvement does Split Rock Partners have?
Split Rock Partners actively engages with its portfolio companies, providing operational support, strategic guidance, and access to their extensive network to help drive growth.
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