PE/VC  Updata Partners

http://www.updatapartners.com





     Office Locations:

2100 L Street NW, Suite 500
Washington, DC 20037
Phone: 202-618-8750
Fax: 202-315-2668

 

Stages:

  • Expansion
  • Growth
  • Middle Market


 

Industries:

  • Business Services
  • Information Technology
  • Media & Digital Media
  • Software & Internet

  •  

    Description:

    Founded in 1998, the partners of Updata have made more than 60 investments in high-growth, information technology companies. Updata Partners invests in market-leading software, internet, and business services companies. Updata Partners currently has nearly $1 billion under management and typically invests between $5 million and $20 million in an initial transaction. The firm's principal focus is on companies with revenues up to $50 million and accelerating revenue momentum. However, profitability is not required and Updata is interested in evaluating earlier stage opportunities. The firm's capital is typically used in the following situations: Growth Capital; Acquisition Financing and Consolidations; and Buyouts, Recapitalizations and Corporate Spinoffs. Updata announced a new growth equity investment fund June 30 of 2016, Updata Partners V, which closed with commitments of $280 million.


     

    Funds:


      Fund Name


      Amount


      Date

    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Alex Otero VP
    Barry M. Goldsmith Operating Partner, Co-founder
    Braden Snyder Principal
    Cam Salem VP
    Clare McLeod Senior Analyst

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      01/09/2024


      PerformYard


      VA


      $95,000,000


      Venture


      11/01/2023


      FusionAuth


      CO


      $65,000,000


      Growth


     

    Portfolio companies include:


      Alert Logic


      Bridge2 Solutions
        web link


      Collective Bias
        web link


      First Insight


      FusionAuth
        web link


      Glassbox
        web link


      HG Data
        web link


      Interactions


      Jellyvision
        web link


      LendKey


      Living Security
        web link


      Logi Analytics
        web link


      Mashable
        web link


      PerformYard
        web link


      Piano
        web link


      Practifi
        web link


      RedVision
        web link


      Vector Remote Care
        web link


      VideoBlocks.com
        web link


      XebiaLabs
        web link


     

    Recent News: