# Xenon Partners

> Xenon Partners is an operator-led private equity firm that acquires and runs early and mid-stage software businesses, especially B2B SaaS. Its teams support growth, sales, engineering, design, and administration; acquisitions include Baremetrics, UXPin, MetricFire, Treehouse, and Sendspark.

- **Founded:** 2014
- **Headquarters:** Las Vegas, United States
- **Founders:** Jonathan Siegel (Founder and chairman)
- **Products:** Software acquisitions and operating support, Baremetrics, UXPin, MetricFire, Treehouse
- **Notable:** Reports capital and operating support for over 25 software and technology companies since 2014., Reports 15 strategic exits on its website., Acquired Baremetrics for USD 4 million in November 2020.

## Products & services

- **Software acquisitions and operating support** — Acquires early and mid-stage technology companies and supplies growth, sales, design, engineering, finance, and administrative expertise.
- **Baremetrics** — Portfolio company providing subscription business analytics; acquired in November 2020 for $4 million.
- **UXPin** — Portfolio company providing collaborative design and prototyping software; acquired in June 2020.
- **MetricFire** — Portfolio company providing hosted infrastructure and application monitoring; acquired in September 2019.
- **Treehouse** — Online coding education business acquired on December 14, 2021.
- **Sendspark** — Personalized video platform; acquisition announced by an investor in January 2026.

## Achievements

- Reports capital and operating support for over 25 software and technology companies since 2014.
- Reports 15 strategic exits on its website.
- Acquired Baremetrics for USD 4 million in November 2020.
- Acquired UXPin in June 2020 and MetricFire in September 2019.

## Latest updates

- **2026-01** — CS Angel announced Sendspark’s acquisition by Xenon; Abe Dearmer became CEO, with co-founders Bethany Stachenfeld and Brandon Escalante remaining advisers.
- **2025-10** — Jason Gilmore updated his published guide to minimal SaaS technical due diligence, drawing on his work at Xenon.

## Links

- Website: https://www.xenon.io/
- LinkedIn: https://www.linkedin.com/company/xenon-partners
- Twitter/X: https://twitter.com/xenonpartners
- Facebook: https://facebook.com/xenonpartners

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Profile page: https://yespress.io/xenon
Published by YesPress — https://yespress.io
Last updated: 2026-10-27