software-investing
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Devon Krapcho Wants Wall Street to Stop Searching and Start Noticing
After five years covering software stocks, Devon Krapcho decided the analyst’s real enemy was not a lack of information. It was the quiet cost of hunting for what mattered.
The $90 Billion Software Machine That Starts With a Cold Call
Insight Partners built one of technology’s largest investment platforms by staying narrow on software and going wide on stage. Behind the capital is a less glamorous engine: analysts making calls, operators carrying playbooks, and a network designed to turn introductions into growth.
Greater Sum Ventures Built a Private Equity Machine With No Fund Clock
The Knoxville firm turned one church-software roll-up into a repeatable playbook for buying, combining and operating unglamorous but essential software - without the forced exit date of a conventional fund.
The $3.1 Billion Software Investor You Rarely Hear About
JMI Equity spent three decades becoming a software specialist while staying mostly out of the spotlight. Its pitch is simple: flexible capital, operating help, and enough pattern recognition to turn a proven product into a durable company.
The Quiet Firm Turning Bootstrapped Software Into a $7 Billion Bet
Serent Capital has spent 18 years backing founder-led software companies that never chased venture capital. Now it manages more than $7 billion and just closed the largest fund in its history.
The Firm That Bets on Founders Who Never Took a Dime
For 22 years, Mainsail Partners has written checks to software founders who bankrolled their own companies - then handed them an operating team instead of a lecture.
PSG’s $30 Billion Bet: Build 100 Software Specialists, Not One Unicorn
The Boston growth-equity firm has turned narrow software focus into a very large machine - pairing capital with operators, acquisitions and an AI push across more than 165 platform investments.
The Private Equity Firm That Treats Software Like a Repeating Problem
Spotlight Equity Partners buys control of established software companies, then sends operators into the machinery. Its wager is that lessons learned in libraries, databases, identity and industrial maintenance can travel from one niche to the next.
The Firm That Rolls Up Its Sleeves Before It Signs the Check
Vertica Capital Partners buys the mission-critical software most investors ignore - and then treats the board seat like a day job.
The Private-Equity Firm That Hires the CEO Before It Buys the Company
Alpine Investors built an $18.5 billion private-equity firm around an unusual wager: in a business obsessed with deals, the scarce asset is the person who can lead what comes next.
The Software Investor That Shows Up After the Check Clears
Sumeru Equity Partners writes growth checks for software companies that already work - then tackles the messier problem of making them scale. Its real product is a combination of capital, operator time and a remarkably specific checklist for growth.
The Baltimore Firm That Waits for the Boring Part
For 35 years, a growth-equity shop outside Baltimore has skipped the seed-stage lottery and bought into companies once they already work - then rolled up its sleeves.
Meet the Chicago Firm Quietly Buying the Software That Runs Your Company
Thoma Bravo has spent two decades turning enterprise software into private equity's most repeatable playbook - roughly $180 billion in assets, more than 580 companies acquired, and a cybersecurity portfolio most governments would envy.
Vista Equity Partners Built a Factory for Better Software Businesses
Robert F. Smith made one unfashionably narrow bet in 2000: business software deserved its own investment machine. Twenty-five years, $103 billion in assets and more than 650 transactions later, Vista is testing whether that machine can make the leap from SaaS to agentic AI.
Tim McAdam
Tim McAdam is a General Partner at TCV (Technology Crossover Ventures), one of the world's leading growth equity firms, where he has focused on enterprise software, security, and tech-enabled services since joining in 2010. With a career in venture and growth investing that stretches back to the early 1990s at TA Associates, GTCR, and Trinity Ventures, McAdam has backed category-defining companies including GitLab, Splunk, Avalara, Rapid7, Alarm.com, OneTrust, and Vectra. An unlikely archaeology major from Dartmouth turned perennial enterprise investor, he combines a Stanford MBA pedigree with a nose for operational software that sticks.
David Haber
David Haber is a General Partner at Andreessen Horowitz (a16z), based in New York City - the firm's first full-time GP in Manhattan. A Harvard-trained biochemist turned fintech operator-investor, Haber founded Bond Street (acquired by Goldman Sachs in 2017), seeded Plaid at Spark Capital, and now co-leads a16z's AI Apps fund with a focus on vertical AI, enterprise software, and financial services. Known as the 'super-connector' who bridges Wall Street and Silicon Valley, he sits on the boards of Camber, Crux, Eve, Moment, Rutter, Setpoint, and Tennr.
Justin Kahl
Justin Kahl is an Investing Partner on the Growth team at Andreessen Horowitz (a16z), where he focuses on growth-stage software, enterprise AI, fintech, and consumer technology. A Stanford-trained engineer and economist who played varsity soccer, he cut his teeth investing in later-stage software and consumer internet deals at Bain Capital before joining a16z in 2021. At a16z, he has become a leading voice on enterprise platform dynamics, Gen AI adoption, and how software companies navigate down markets—co-authoring widely-cited research with colleagues Sarah Wang, David George, and Alex Immerman on topics ranging from the anatomy of enterprise platform companies to how 100 CIOs are deploying AI in 2025.