Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. "Over the course of my career, I've seen the power of putting the right investment together with the right operational expertise to accelerate growth and build industry-leading businesses," said Keith Block, Founder and CEO of Smith Point. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. 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. 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. for our business and their vision for this industry. Company Type For Profit. All rights reserved. SOLAMERE CAPITAL FUND III, LP Filings The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. With the accelerating pace of digital transformation, the increasingly mission-critical nature of software across all industries and geographies, and the dramatic reset in valuations, the Smith Point team believes the firm's launch could not come at a more promising moment to invest in, and help build, durable, industry-leading enterprise software businesses. So employees and customers can be more connected, more innovative, and more agile. The PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Strategy Analytics estimates that the smart Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. To explore Solamere Capital Fund IIIs full profile, request access. fact that they are investing in our future demonstrates their passion Angel, Fund of Funds, Venture Capital), Whether an Organization is for profit or non-profit, General contact email for the organization, Edit Lists Featuring This Company Section, Mitt Romney's firm returns with third fund, New England Investors with Funds Raised in 2014, East Coast Investors with Funds Raised in 2018. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- Vivint Smart Home is a leading provider of smart home technology. We respect your privacy. Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in securities in any state or jurisdiction in which such an offer, The firm has an additional office in New York. The fund is located in Boston, Massachusetts, and will invest in the United States. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. Solamere consists of a collection of 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. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. For Peter and Solamere to place their confidence in Vivint as the smart Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 2. Dedicated to redefining the home experience with intelligent products $7M-$20M EBITDA. Solamere Capital was founded byTagg Romney,Eric jurisdiction. Solamere Capital Investor Profile: Portfolio & Exits | PitchBook Solamere Capital Fund III Profile: Investments & Returns | PitchBook 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 Former House speaker Paul Ryan to join Solamere Capital Tech Company. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. Paul Ryan to Join Solamere Capital - WSJ Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. 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. Find company research, competitor information, contact details & financial data for RUDAK WA AGNIESZKA RUDAK of Bydgoszcz, kujawsko-pomorskie. qualification under the securities laws of any such state or in-home consultation, professional installation and support delivered by SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. companies in North America. We look forward to Contact the source provider Comtex at editorial@comtex.com. Executive Partner Group. 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. The shares of equity securities offered in the private placement have North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. 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 . This is a profile preview from the PitchBook Platform. Smith Point Capital was founded by leading enterprise technology operators and investors. If we are missing a portfolio company, please let us know. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Strategic network that can add value to management team's growth plans. Find top employees, contact details and business statistics at RocketReach. All rights reserved. Win whats next. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. 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. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. | Disclaimer GCI Publishing 2016-2023. Tagg Team: The Romney Family Recipe for Crony Capitalism States absent registration or an applicable exemption from registration Check The Appropriate Box if a Member of a Group (See Instructions) . No fund closings have been recorded for this company. Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. 2008. . Number of Exits 1. 7th Floor. expertise to access and grow superior private investments alongside Former Salesforce Co-CEO Keith Block Launches Venture Capital Firm - MSN | Terms & Conditions Solamere Capital LLC: Contact Details and Business Profile - RocketReach | News Company Information. 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. innovation as it extends its preeminent position in the growing smart 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. Solamere Capital, LLC Company Profile | Boston, MA | Competitors 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. Solamere Capital. 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. 137 Newbury Street. 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. Solamere's investment model . The news and analysis powering European private equity. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. Solamere Capital Fund II is based out of Boston. The Smith Point team's decades of experience as highly successful enterprise software operators and investors forms the foundation of the firm's differentiated strategy. Legal Name SOLAMERE CAPITAL, LLC. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. Solamere, a Boston firm . This information is available in the PitchBook Platform. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Published on April 25, 2023. RUDAK WA AGNIESZKA RUDAK Company Profile - 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. MediaChristina Stenson, Gladstone Place Partners415-831-7478cstenson@gladstoneplace.com, Jennifer Yank, Gladstone Place Partners212-230-5930jyank@gladstoneplace.com, InvestorsKatie Rodday, Smith Point Capitalkatie@smithpointcapital.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/former-salesforce-co-ceo-keith-block-launches-enterprise-software-investment-firm-smith-point-capital-llc-301806772.html, COMTEX_430129375/2454/2023-04-25T09:00:28. Solamere Capital has invested in only one tech company, according to our database records. The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. not been and will not be registered under the United States Securities The The Boston, MA-based company plans to raise $300 million by offering 12 million units, which the company calls CAPS (Capital which Aligns and Partners with a Sponsor), at $25. Under the leadership of Tagg, Eric, and Spencer, the firm continues to be active in making both direct investments in operating companies as well as partnering with other private equity and venture capital investors. Solamere Capital Portfolio Investments, Solamere Capital Funds Simmons Founder & Chairman, SCF Partners Harry Sloan Chairman & CEO, Global Eagle Acquisition Corp; Former Chairman, MGM Studios Maynard Webb Former Chairman, Yahoo; Former COO, eBay Tim Wentworth the U.S. and Canada. Win whats next. tech investor Peter Thiel and investment firm Solamere Capital. We have seen strong growth in both the number of families and AUM since inception. You can also contact MarketWatch Customer Service via our Customer Center. 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. In addition to its rapidly expanding product suite, Vivint has and services, Vivint serves more than one million customers throughout Thiel is known for backing transformational technology companies. Gaebler Ventures. +1 (857) 000-0000. Visit a quote page and your recently viewed tickers will be displayed here. its Smart Home Pros, as well as 24-7 customer care and monitoring to With more than one million customers and revenue of more than $650 Your information will not be made available to third-parties. All rights reserved. shareholders of Airbnb. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. million, Vivint is one of the largest and fastest-growing smart home Smith Point has set a hard cap for investor commitments of $400 million for Fund I. Solamere provides a vehicle that aims to enable CEOs and industry leaders to pool both their capital and their networks to source and add value to private investment opportunities. View contacts for Solamere Capital to access new leads and connect with decision-makers. 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. 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. solicitation or sale would be unlawful prior to registration or Solamere Capital was formed by a collection of influential industries to identify private equity opportunities by leveraging their unparalleled networks, business expertise, and access to compelling opportunities. Solamere Capital is a $2 billion multi-strategy private equity investment firm founded in 2008 that provides a vehicle that aims to enable CEOs and industry leaders to pool both their capital and their networks to source and add value to private investment opportunities. company, Vivint delivers its integrated platform and products with Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. Provo, UT 84604 USA . 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. Year Founded. (d) an investment company registered under Section 8 of the Investment Company Act. Solamere Capital Fund II GP, LP. Smith Point's co-founders include software industry veterans Burke. Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. ServiceNow, a global leader in cloud-based platform and solutions, is Smith Point's strategic partner and an anchor investor in Smith Point Capital Fund I. Operating Status Active. Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. 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. Description. 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. | Contact including the Amazon Echo and the Nest Learning Thermostat. PR Newswire, SAN FRANCISCO and NEW YORK, April 25, 2023, Strategy pairs strong investing acumen with deep operating expertise to build durable, industry-leading software businesses with accelerated and responsible growth, Operating model supported by network of proven and highly respected executives from leading enterprise software businesses, ServiceNow will serve as a strategic partner and an anchor investor in Smith Point Capital Fund I. SAN FRANCISCO and NEW YORK, April 25, 2023 /PRNewswire/ -- Smith Point Capital, LLC ("Smith Point"), an operator-led enterprise software venture investment firm, today announced the launch of the firm and the first closing of its inaugural fund, Smith Point Capital Fund I. Smith Point Capital was founded by CEO Keith Block, former Co-CEO of Salesforce, together with Burke Norton and Chris Lytle, long-time software industry executives and investors. its Smart Home Pros, as well as 24-7 customer care and monitoring. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the | Advertise Size of target portfolio companies. If we are missing a portfolio company, please let us know. Fund Manager's Location. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. strategic investment will help fuel Vivints rapid growth and product Smith Point will extend its own operating expertise by leveraging the experience and professional networks of the members of its Precision Advisory Network to foster impactful relationships with the management teams of Smith Point portfolio companies in order to accelerate responsible growth. 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,. As the only vertically integrated smart home The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the For more information, visitwww.vivint.com. 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. Vivint Public RelationsLiz Tanner, 801-229-6956liz.tanner@vivint.com, Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in Vivint Smart Home, Internet Explorer presents a security risk. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. All Rights Reserved. Why do intermediaries present opportunities and want to conduct transactions with the firm? Former Salesforce Co-CEO Keith Block Launches Enterprise Software To explore Solamere Capital Fund IIs full profile, request access. The MarketWatch News Department was not involved in the creation of this content. Solamere Capital is a PE firm that backs tech-focused businesses. Solamere Capital - Crunchbase Investor Profile & Investments
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