Summit Partners is an American

private equity firm A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including lev ...

based in Boston, Massachusetts. The firm focuses on investing in

technology Technology is the application of knowledge to reach practical goals in a specifiable and Reproducibility, reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in me ...

, healthcare, life sciences and other growth industries.

Background

Summit Partners was founded in 1984 by Roe Stamps and Stephen Woodsum, who previously worked together at

TA Associates TA Associates, founded in 1968, is one of the early modern-era private equity firms in the United States. The firm leads buyouts and minority recapitalizations of profitable growth companies. TA invests across five industry groups: technology, hea ...

. Greg Avis would also join as a co-founder shortly after. In 2000, the three co-founders handed over daily management of the firm to five partners. In 2015, the firm acquired Alydar Capital. It now operates as the

public equity A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (list ...

investment arm of Summit Partners. Summit Partners is headquartered in

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

with additional offices in Menlo Park,

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

and

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

Business Overview

Summit Partners has three main business lines, which are: *

Growth Growth may refer to: Biology * Auxology, the study of all aspects of human physical growth * Bacterial growth * Cell growth * Growth hormone, a peptide hormone that stimulates growth * Human development (biology) * Plant growth * Secondary growth ...

Venture Venture may refer to: Arts and entertainment Music *The Ventures, an American instrumental rock band formed in 1958 *"A Venture", 1971 song by the band Yes *''Venture'', a 2010 EP by AJR Games * ''Venture'' (video game), a 1981 arcade gam ...

Credit Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...

Public Equity A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (list ...

The firm typically invests in later-stage companies that have already been established with the objective of providing further growth. Its private equity investments typically range from $30 million to $500 million each, while its venture capital investments range from $5 million to $30 million each. The firm also provides debt financing as well as public equities' investment services. Notable investments made by Summit Partners include

Uber Uber Technologies, Inc. (Uber), based in San Francisco, provides mobility as a service, ride-hailing (allowing users to book a car and driver to transport them in a way similar to a taxi), food delivery (Uber Eats and Postmates), packa ...

McAfee McAfee Corp. ( ), formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American global computer security software company head ...

, Avast,

Infor Infor is a multinational company headquartered in New York City that provides industry specific, enterprise software licensed for use on premises or as a service. , Infor's software had 58 million users, and 90,000 corporate customers in ...

Flow Traders Flow Traders is a proprietary trading firm. A market maker, it provides liquidity in the securities market by using high frequency and quantitative trading strategies. Originally founded in Amsterdam, Flow has offices in New York, London, Milan, Pa ...

and

Arista Networks Arista Networks (formerly Arastra) is an American computer networking company headquartered in Santa Clara, California. The company designs and sells multilayer network switches to deliver software-defined networking (SDN) for large datacenter ...

Funds

Growth

Venture

Credit

Subordinated Debt

Notable investments

* A Cloud Guru *

Aeryon Labs Aeryon Labs is a Canadian developer and manufacturer of Unmanned Aerial Vehicles. Founded in 2007, it is headquartered in Waterloo, Ontario. Aeryon Defense is a wholly owned subsidiary, based in Denver, Colorado, focused on sales and support fo ...

* Akeneo *

Answers.com Answers.com, formerly known as WikiAnswers, is an Internet-based knowledge exchange. The Answers.com domain name was purchased by entrepreneurs Bill Gross and Henrik Jones at idealab in 1996. The domain name was acquired by NetShepard and sub ...

* Avast *

AvePoint AvePoint is the largest independent software vendor of SaaS solutions to migrate, manage and protect data in Microsoft 365. AvePoint was founded in 2001 and is headquartered in Jersey City, New Jersey. The company also has offices and a strong ...

* AvidXchange *

Belkin Belkin is an American consumer electronics and networking company headquartered in El Segundo, California. It produces mobile and computer connectivity devices and peripherals for consumer and commercial use. These include wireless chargers, po ...

Bigpoint Bigpoint GmbH is a German video game developer. The company develops stand-alone browser-based games as well as social network games. Bigpoint has over 200 million registered users (announced in June 2011). Bigpoint.com states that 337,104,419 p ...

* Brightside *

Calypso Technology Adenza Group, Inc. (formerly known as Calypso Technology, Inc.) is a software application provider specializing in Capital Markets, Investment Management, Central Banking, Risk Management, Clearing, Collateral and Treasury & Liquidity. Their int ...

Clarabridge Clarabridge is an American software company. It was founded in 2006 in Reston, Virginia. Clarabridge offers customer experience software as a service (SaaS) using AI-powered text and speech analytics. The data typically used for analysis comes fro ...

CrossFit CrossFit is a branded fitness regimen that involves constantly varied functional movements performed at high intensity. The method was developed by Greg Glassman, who founded CrossFit with Lauren Jenai in 2000, with CrossFit its registered trad ...

Darktrace Darktrace is a British-American information technology company that specialises in cyber-defence. The company was established in 2013 and is headquartered in Cambridge, England, and San Francisco, California, United States. It is listed on the ...

* Everi Holdings *

Fleetcor FleetCor Technologies, Inc. is an American company that provides fuel cards and workforce payment products and services. Their customers include businesses, commercial fleets, oil companies, petroleum marketers and government in America, Netherla ...

Funding Circle Funding Circle is a commercial lender. Originally it was peer-to-peer lending marketplace that allows the public to lend money directly to small and medium-sized businesses. Through this exchange businesses access lower costs of financing than t ...

* Fuze *

Healthline Healthline Media, Inc. is an American website and provider of health information headquartered in San Francisco, California. It was founded in 1999, relaunched in 2006, and established as a standalone entity in January 2016. Accuracy There ar ...

Ingenico Ingenico is a merchant services technology company based in France, that facilitates secure electronic transactions. The company expanded as a manufacturer of point of sale (POS) payment terminals to also include complete merchant payment Saa ...

Integrated DNA Technologies Integrated DNA Technologies, Inc. (IDT), headquartered in Coralville, Iowa, is a supplier of custom nucleic acids, serving the areas of academic research, biotechnology, clinical diagnostics, and pharmaceutical development. IDT's primary busin ...

* Jamf * Jumia Group *

Lazada Group Lazada Group ( t/a Lazada) is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019. B ...

Liquidnet Liquidnet is a global institutional investment network that connects asset managers with liquidity. Liquidnet trades in 46 equity markets for over 1000 institutional investment firms who collectively manage US$33 trillion in equity and fixed incom ...

Logi Analytics Logi Analytics, Inc. is a computer software company headquartered in McLean, Virginia, United States with offices in the UK and Ireland. It offers interactive data visualization products for business intelligence and business analytics. On Apri ...

M/A-COM MACOM Technology Solutions is a developer and producer of radio, microwave, and millimeter wave semiconductor devices and components. The company is headquartered in Lowell, Massachusetts, and in 2005 was Lowell's largest private employer. MACOM ...

* Markforged *

Masternaut Masternaut Limited is a telematics company specialising in fleet and asset management. They achieved initial recognition with Martin Port as CEO and subsequently with Martin Hiscox as Chairman were featured as a 2015 UK Government Future 50 Tech ...

* Morphe Cosmetics * Mozio *

Perforce Perforce, legally Perforce Software, Inc., is an American developer of software used for developing and running applications, including version control software, web-based repository management, developer collaboration, application lifecycle man ...

* Philz Coffee *

Podium A podium (plural podiums or podia) is a platform used to raise something to a short distance above its surroundings. It derives from the Greek ''πόδι'' (foot). In architecture a building can rest on a large podium. Podiums can also be used ...

* Postini *

Reverb.com Reverb.com is an online marketplace for new, used, and vintage music gear. It was founded in 2013 by David Kalt, shortly after he purchased the musical instrument store Chicago Music Exchange and became frustrated with then-available options f ...

RiskIQ RiskIQ was a cyber security company that was based in San Francisco, California. It provided cloud-based software as a service (SaaS) for organizations to detect phishing, fraud, malware, and other online security threats. The company was co- ...

* Signavio * Siteimprove *

Smartsheet Smartsheet is a software as a service (SaaS) offering for collaboration and work management, developed and marketed by Smartsheet Inc. It is used to assign tasks, track project progress, manage calendars, share documents, and manage other wor ...

Tippmann Tippmann is an American manufacturer of paintball markers and paintball equipment, including military simulation ( MilSim) kits. A related company, Tippmann Industrial Products manufactures manual and pneumatic heavy-duty sewing machines prim ...

* TSheets *

Veepee Veepee (named vente-privee.com until January 2019) is a French retailer company that sells products through online flash sales. The site, that celebrated its 10th anniversary in 2011, was developed in an online environment to host sales of design ...

Welltec Welltec, based in Allerød, Denmark is an international provider of robotic well solutions for the oil and gas industry known for its flagship “Well Tractor”. The company was established in 1994 by Jørgen Hallundbæk, who conceived the id ...

* Wildfire Interactive * Zalora Group * Zenoss Core

References

External links

www.summitpartners.com
(Company Website) {{authority control Financial services companies established in 1984 Financial services companies based in Massachusetts Companies based in Boston Private equity firms of the United States Venture capital firms of the United States