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Office Locations:
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400 S. El Camino Real, Suite 300
San Mateo, CA 94402
Phone: 650-289-4400
Fax: 650-437-6112
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Information Technology
Software & Internet
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Sunstone Partners is a spin-out of the growth equity team of Trident Capital, a multi-stage investment firm with seven funds and $1.9 billion of capital under management since 1993. Sunstone Partners was initially known as TC Growth Partners. Recent liquidity events for the Sunstone team include the initial public offering of Teladoc (NYSE: TDOC) and several successful M&A transactions: Acclaris (acquired by Towers Watson), Prolexic (acquired by Akamai), Fruition Partners (acquired by CSC) and Voltage Security (acquired by HP). The firm will focus on four core industry sectors--Healthcare IT, Internet and Marketing Services, Cloud and Enterprise IT, and Cybersecurity. Equity investments will range from $30 to $100 million per portfolio company. Target companies will have the following financial criteria: Annual revenue of at least $10 million; Revenue growth greater than 20% per year; and Breakeven or profitable. The firm announced (April 2016) the closing of its first fund, Sunstone Partners I, L.P., with $300 million of total commitments
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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
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| COMPANY STAGE | REVENUE |
| Venture Capital | |
Seed Stage
(includes "pre-seed," or
concept stage) | No Revenue |
| Early Stage | Minimal
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 |
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