INVESTING IN EXPANSION STAGE ENTERPRISE SOFTWARE AND TECHNOLOGY BUSINESSES
CAROM GROWTH PARTNERS PROVIDES EQUITY CAPITAL FOR MINORITY INVESTMENTS & CONTROL BUYOUTS OF PRODUCT-FOCUSED TECHNOLOGY BUSINESSES. WE LOOK TO PARTNER WITH ENTREPRENEURS EAGER FOR THE NEXT PHASE OF EXPANSION.
Carom Growth Partners, a Boston-based growth equity firm, is focused on helping scale, high-growth software and technology companies.
We search out entrepreneurs who seek capital to supplement their current investor group.
INVESTMENT CRITERIA
WHAT WE LOOK FOR
SECTOR FOCUS
Enterprise Software
Other Technology Platforms
INVESTMENT CHARACTERISTICS
$5-$25 MILLION OF NEW EQUITY INVESTED, BOTH PRIMARY AND SECONDARY
SEEK TO OWN 20% - 65% OF THE BUSINESS
COMPANY CHARACTERISTICS
Between $3-$15m revenue
20% + Annual Revenue Growth
Monthly burn ($300k)-break-even
Profitable Unit Economics
Previous Institutional Capital ($5-$20m)
USE OF PROCEEDS
Business seeks a partner to help drive new sales and marketing initiatives and identify new business opportunities
Equity is long-term oriented and used to fund growth and/or repurchase shares from early investors; not bridge or ARR financing
PORTFOLIO
Clockworks Analytics
A SaaS Fault Detection and Diagnostics ("FDD") Analytics Platform serving the global commercial real estate industry. Key customers include large research universities, life sciences, and healthcare services facilities.
CEO’S: Nick Gayeski & Brian Day
Vee 24
A SaaS Live Engagement Platform serving financial services, automotive, and e-commerce verticals. Focused on enterprise customers, Vee24 enables its customers to manage, scale, and provide the best one-one digital engagements in areas such as customer service and sales support.
CEO: Tomer Azenkot
WESPIRE (Acquired by bonterra)
A SaaS Employee Engagement Platform focused on Diversity/Inclusion, Sustainability, Volunteerism, and Giving. With a focus on large Enterprise customers, WeSpire powers some of the most ambitious programs around “Social Good’ and helps companies increase both employee satisfaction and employee retention.
CEO: Susan Hunt Stevens
GROWTH-ORIENTED NOT GROWTH AT ALL COSTS
WORKING WITH ENTREPRENEURS TO BUILD DURABLE GROWTH COMPANIES
We are Entrepreneurs too. Focused on Business Building, Long-Term Support and Involvement in the Business.
Typical Initiatives Include:
Marketing Strategy/Salesforce Optimization: In-house SWAT team to evaluate and drive sustainable unit economics.
Strategic Finance and Planning: Engaging and working with the existing team to bolster depth and output of financial analysis, planning, and and future capital raising.
Product Development: Re-focus new capital on key product development initiatives with the belief that Software Businesses must be focused on an Extraordinary PRODUCTS and SOLUTIONS..
Patient Capital: Long-term focus to build a business the right way with the right team; focused on 3-5 year results not HYPER growth at all costs. Our belief is that sustainable sales channels take years not months to develop and nurture.
MATT TARA
Experience:
Tucker Blair - CEO, A General Catalyst Portfolio Company
General Catalyst Partners - Principal, Growth Equity
GTCR LLC - Associate, Buyout Investing
Summit Partners - Associate, Growth Buyouts
I am dedicated to working with entrepreneurs on a mission to build sustainable businesses. I value growth-oriented, rational and strategic investment partners. As a former entrepreneur, I understand the many ups and downs of building a business and aspire to be a both a strategic and financial support for a company's next phase. I've played traveling salesman, set-up trade show booths, haggled with vendors, and managed teams. I'm here to bring that experience to bear and help you any way I can.
As a prior investor at General Catalyst Partners, I led growth equity investments in the consumer internet and software sectors. I worked with the team at Warby Parker and other hyper-growth businesses to achieve their goals.These experiences afforded me the opportunity to reflect on the growth at all costs mentality of venture capital investing and the need in the market to provide entrepreneurs a new kind of investment partner focused on sustainable and profitable growth.
Before GC, I was an investor at GTCR, a Chicago-based buyout firm focused on consumer products and services and worked closely with the team at Prestige Brands. I also worked at Summit Partners in Boston sourcing and executing growth buyout investments.
Originally from California, I currently live in Boston with my wife Nickole and our two children, Will & Sloane.
Education: University of Notre Dame, BBA, Finance
LET’s TALK
CONTACT US
