The "Smith Point's differentiated, operator-led investment strategy aligns with ServiceNow's strategy, which is focused on fostering innovation in companies and markets at the leading edge of digital transformation. All rights reserved. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand Glennmont Partners sells Portuguese solar portfolio, Adviser to Carlyle co-founder David Rubensteins family office registers with the SEC, TPGs Rise Fund II moves closer to target amid rise of impact investing, Game on: Meet the PE firms building sports empires. You can also contact MarketWatch Customer Service via our Customer Center. services, today announced a $100 million equity investment co-led by The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. The team's expertise spans the most important attributes of enterprise software business success, including product innovation, go-to-market and ecosystem strategies, leadership and talent, customer success, and platform differentiation. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Check The Appropriate Box if a Member of a Group (See Instructions) . Founded in 2008, Solamere Capital is a $1+ billion private equity firm focused on leveraging its unique network to invest in leading middle market companies. A critical element of the firm's strategy includes the Smith Point Precision Advisory Network, which is comprised of industry-leading senior executives currently operating at many of the most innovative software companies in the world. Year Founded. Get the full list, Morningstar Institutional Equity Research. Solamere, a Boston firm . 2. Smith Point Capital, a San Francisco, CA and NYC-based operator-led enterprise software venture investment firm, launched the firm and held the first closing of its inaugural fund, Smith Point Capital Fund I. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Points strategic partner and an anchor investor in Smith Point Capital Fund I. This press release shall not constitute an offer to sell or the Here's a list of some of the top trending technologies and APIs used by Solamere Capital. Contact Information Website www.solamerecapital.com Year Founded 2008 Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". | qualification under the securities laws of any such state or Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. For more information, visitwww.vivint.com. Get the latest business insights from Dun & Bradstreet. Solamere's strategic network of investors provides the ability to invest patiently for the long-term, to be creative in structuring either minority or majority transactions, and to leverage the Solamere Network of investors and executives as we seek to create meaningful value for our portfolio companies. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. Copyright 2023 MarketWatch, Inc. All rights reserved. in-home consultation, professional installation and support delivered by This is a profile preview from the PitchBook Platform. Top investors validate Vivints winning smart home strategy. View contacts for Solamere Capital to access new leads and connect with decision-makers. The firm has an additional office in New York. Each CAPS. Operating Status Active. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. for our business and their vision for this industry. Size of target portfolio companies. Additional investors which participated in the first closing include the advisory clients of the Hillman Company, Solamere Capital, and investorDavid A. Tepperamong other institutions and individuals. Why do intermediaries present opportunities and want to conduct transactions with the firm? Overview Number of Portfolio Companies 1 Number of Exits 1 Primary Job Title Co-Founder and Managing Partner Primary Organization Solamere Capital Location Boston, Massachusetts, United States Regions Greater Boston Area, East Coast, New England Gender Male Investor Type Investment Partner, Individual/Angel Number of Exits 1 Prior to Longfellow, he served in various senior executive roles with enterprise software companies and as a Managing Director at Morgan Stanley leading RCL Capital. Executive Partner Group. In 2008, Solamere set out to raise $200 million, and by May 2009 it had attracted $186 million from 39 investors, according to Securities and Exchange Commission records. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Solamere Capital headquarters are located in 137 Newbury St Fl 7, Boston, Massachusetts, 02116, United States, Solamere Capitals main industries are: Finance, Venture Capital & Private Equity, Solamere Capital appears in search results as Solamere Capital LLC, Solamere Capital, Solamare, Solamere Capital Fund Ii A LP, Solamere Capital Fund Ii LP, Get Free Access to Solamere Capital Contacts Info, first initials + middle initials + last initials. Smith Point Capital, LLC, a San Francisco, CA and NYC-based operator-led enterprise software venture investment firm, launched the firm and held the first closing of its inaugural fund, Smith Point Capital Fund I. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Points strategic partner and an anchor investor in Smith Point Capital Fund I. The shares of equity securities offered in the private placement have Find top employees, contact details and business statistics at RocketReach. including the Amazon Echo and the Nest Learning Thermostat. The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. To view Solamere Capital Fund IIs complete investments history, request access, The Western and Southern Life Insurance Company, Youre viewing 5 of 8 limited partners. Get the latest business insights from Dun & Bradstreet. first outside investor in Facebook and is one of the largest (d) an investment company registered under Section 8 of the Investment Company Act. Tech Company. Mr. Ryan will join Solamere Capital, a private-equity firm founded by Utah Sen. Mitt Romney's son Taggart, as well as Eric Scheuermann and Spencer Zwick, as a partner. Smith Point Capital was founded by leading enterprise technology operators and investors. million, Vivint is one of the largest and fastest-growing smart home Ryan will join Solamere Capital, a private equity firm founded by Utah Sen. Mitt Romney's son Taggart, as well as Eric Scheuermann and Spencer Zwick, as a partner. its Smart Home Pros, as well as 24-7 customer care and monitoring to Location. fact that they are investing in our future demonstrates their passion Solamere Capital LLC is a Venture Capital and Private Equity Principals, Investment Banking, and Finance company located in Boston, Massachusetts with $6.00 Million in revenue and 35 employees. The firm has a highly differentiated investment strategy: Identifying and collaborating with the most innovative enterprise software companies to implement proven, best-in-class revenue growth, innovation and operational strategies to dramatically accelerate financial and market success while building durable, industry-leading businesses. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. A critical element of the firms strategy includes the Smith Point Precision Advisory Network, which is comprised of senior executives currently operating at many of the most innovative software companies in the world. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Strategic network that can add value to management team's growth plans. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. All rights reserved. Win whats next. SOLAMERE CAPITAL FUND III, LP Funding details SOLAMERE CAPITAL FUND III, LP Industry: Pooled Investment Fund CIK Number: 0001709949 IRS Number: 821677137 Address: 137 NEWBURY STREET, 7TH FLOOR BOSTON 02116 Phone number: (857) 362-9210. securities in any state or jurisdiction in which such an offer, Additional investors which participated in the first closing include the advisory clients of the Hillman Company, Solamere Capital, and investor David A. Tepper among other institutions and If we are missing a portfolio company, please let us know. To explore Solamere Capital Fund IIIs full profile, request access. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the Solamere has a committed capital structure with commitments from an expansive network of 200+ strategic investors, families, business owners and senior executives covering all major industries. home market. Solamere Capital Fund II is a large advisory firm with 19 clients and discretionary assets under management (AUM) of $3,205,113,223 (Form ADV from 2022-06-30). Read the Full Story by Signing In or Sign Up Founded by CEOKeith Block, former Co-CEO of Salesforce, together with Burke Norton andChris Lytle, long-time software industry executives and investors, Smith Point Capital focuses on collaborating with, and investing in, the most innovative software businesses to implement revenue growth, innovation, and operational strategies to accelerate financial and market success. Additional investors which participated in the first closing include the advisory clients of the Hillman Company, Solamere Capital, and investorDavid A. Tepperamong other institutions and individuals. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. influential, strategic business leaders that use their industry Thiel is known for backing transformational technology companies. tech investor Peter Thiel and investment firm Solamere Capital. Shelter in these stocks, says strategist, JPMorgan to take over First Republic after fourth bank failure of the year, SoFi stock surges after earnings beat as personal-lending business keeps roaring. not been and will not be registered under the United States Securities | Terms & Conditions This is a profile preview from the PitchBook Platform. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. innovation as it extends its preeminent position in the growing smart SOLAMERE CAPITAL FUND III, LP Filings combines innovative products and services to offer homeowners the best | Contact Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. solicitation or sale would be unlawful prior to registration or Business Services Light Industrials Healthcare . To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Description. Published on April 25, 2023. Solamere Capital was founded byTagg Romney,Eric in-home consultation, professional installation and support delivered by Gaebler Ventures. integrated leading smart home products into its Vivint Sky platform, home leader is a huge validation of what we have built and where we are the U.S. and Canada. Provo, UT 84604 USA . Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. "We founded Smith Point to meet the needs of growth-stage enterprise software entrepreneurs who need capital and real-world operational guidance from industry veterans in order to achieve the full potential of their businesses. Mr. Norton was most recently Senior Managing Director at Vista Equity Partners, where he was co-head of Vistas Perennial Capital Fund, and was previously a senior executive and a member of the Executive Committee at Salesforce. solicitation of an offer to buy, nor shall there be any sale of these working together to redefine the home experience.. https://www.prnewswire.com/news-releases/former-salesforce-co-ceo-keith-block-launches-enterprise-software-investment-firm-smith-point-capital-llc-301806772.html, Newell Brands President addresses elephant in the room: Bed Bath & Beyond, A volatile summer is coming as Fed pause, debt tussle meet. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term.