Size of target portfolio companies. Tech Company. 2023 PitchBook. Fund Manager's Location. Get the full list, Morningstar Institutional Equity Research. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. Solamere Capital LLC is a Venture Capital and Private Equity Principals, Investment Banking, and Finance company located in Boston, Massachusetts with $6.00 Million in revenue and 35 employees. Mr. Norton was most recently Senior Managing Director at Vista Equity Partners, where he was co-head of Vistas Perennial Capital Fund, and was previously a senior executive and a member of the Executive Committee at Salesforce. tech investor Peter Thiel and investment firm Solamere Capital. "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. Your information will not be made available to third-parties. strategic investment will help fuel Vivints rapid growth and product 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. combines innovative products and services to offer homeowners the best The Former House speaker Paul Ryan to join Solamere Capital Location. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. 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. | Disclaimer To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- Ou r Network. Solamere Capital was founded byTagg Romney,Eric This is a profile preview from the PitchBook Platform. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. integrated leading smart home products into its Vivint Sky platform, Smith Point Capital Launches and Holds First Closing of Inaugural Fund Top investors validate Vivints winning smart home strategy. 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, innovation and operational strategies to dramatically accelerate financial and market success while building durable, industry-leading businesses. Solamere Capital has invested in only one tech company, according to our database records. smart home experience. Visit a quote page and your recently viewed tickers will be displayed here. fact that they are investing in our future demonstrates their passion expertise to access and grow superior private investments alongside 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. 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,. Company Type For Profit. 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. 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 its inaugural fund, Smith Point Capital Fund I. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Points strategic partner and an anchor investor in Smith Point Capital Fund I. "Smith Point's differentiated, operator-led investment strategy aligns with ServiceNow's strategy, which is focused on fostering innovation in companies and markets at the leading edge of digital transformation. Win whats next. Tagg Romney, Zwick, and. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. | News The company pairs its technology with Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. They like partnering with us given our strategic LP base and flexible approach. Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. As the only vertically integrated smart home Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". Copyright 2023 MarketWatch, Inc. All rights reserved. for our business and their vision for this industry. Smith Point has set a hard cap for investor commitments of $400 million for Fund I. Vivint shareholders of Airbnb. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. 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. high-quality management teams. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. To explore Solamere Capital Fund IIIs full profile, request access. innovation as it extends its preeminent position in the growing smart United States. services, today announced a $100 million equity investment co-led by Smith Point Capital was founded by leading enterprise technology operators and investors. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. Investment sectors. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. For more information about a Vivint smart home, visit www.vivint.com. influential, strategic business leaders that use their industry 137 Newbury St Fl 7, Boston, Massachusetts, 02116, United States, 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. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. 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. Firm Inception:2008Number of Active Portfolio Investments:31Number of Realized Investments:25Investment Range:$30 - $60MCurrent Fund:Fund IIICurrent Fund Size:$650M, Leadership:Tagg Romney Co-Founder & Managing PartnerEric Scheuermann Co-Founder & Managing PartnerSpencer Zwick Co-Founder & Managing PartnerScott Hutchins PartnerPaul Ryan PartnerVaibhav Saraiya Partner, Team Members:24Primary Address:137 Newbury Street, 7th Floor, Boston, MA 02116Website:solamerecapital.comPhone Number:857-362-9213Which best describes the firm? The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Each CAPS. Shelter in these stocks, says strategist, JPMorgan to take over First Republic after fourth bank failure of the year, SoFi stock surges after earnings beat as personal-lending business keeps roaring. Strategy Analytics estimates that the smart Get the latest business insights from Dun & Bradstreet. 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. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. +1 (857) 000-0000. Smith Point's co-founders include software industry veterans Burke. in-home consultation, professional installation and support delivered by Solamere Capital GCI Publishing We have seen strong growth in both the number of families and AUM since inception. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Year Founded. 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 Fund II is based out of Boston. 2. Solamere Capital Fund III Profile: Investments & Returns | PitchBook 2008. . 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. Phone Number +1 857 362 9205. Number of Exits 1. Legal Name SOLAMERE CAPITAL, LLC. Portfolio Companies. Solamere Capital, LLC Company Profile | Boston, MA | Competitors 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. Description. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Investor in. Headquarters Location 137 Newbury Street Seventh Floor Boston, Massachusetts, 02116, United States Suggest an edit Want to inform investors similar to Solamere Capital about your company? jurisdiction. 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. 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. Former Salesforce Co-CEO Keith Block Launches Enterprise Software first outside investor in Facebook and is one of the largest 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. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. requirements. The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. Check The Appropriate Box if a Member of a Group (See Instructions) . Solamere Capital, LLC | LinkedIn company, Vivint delivers its integrated platform and products with SOLAMERE CAPITAL FUND III, LP Filings Solamere consists of a collection of not been and will not be registered under the United States Securities Three of the firms listed in the Solamere prospectusSun Capital Partners, TPG Capital and TA Associatesare currently financing a lobbying campaign under a trade group called the Private. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Tagg Team: The Romney Family Recipe for Crony Capitalism Vivint offers a custom platform with integrated smart home products, Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. Differentiated Enterprise Software Investment Strategy. Mitt Romney - Co-Founder and Managing Partner @ Solamere Capital Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Paul Ryan to join Solamere Capital | Fox Business Solamere Capital Fund II Profile: Investments & Returns | PitchBook $7M-$20M EBITDA. 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. Solamere has a committed capital . Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. Thiel is known for backing transformational technology companies. its Smart Home Pros, as well as 24-7 customer care and monitoring. Additional investors which participated in the first closing include the advisory clients of the Hillman Company, Solamere Capital, and investor David A. Tepper among other institutions and Former election official: Tagg Romney's stake in voting machine firm HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. the U.S. and Canada. 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. This information is available in the PitchBook Platform. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Point's strategic partner and an anchor investor in Smith Point Capital Fund I. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. Is there a problem with this press release? In addition, Smith Point's Managing Directors each have decades of experience building enterprise software businesses, fueling innovation, and implementing proven operational strategies to dramatically grow and scale some of the world's leading enterprise software companies. storage and an array of sensors. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. 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 A Browse more private equity investors: Solamere Capital has invested in only one tech company, according to our database records. Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. 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.

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