Avenue Growth Partners

Profile

Avenue Growth Partners is an early growth equity investor based in an undisclosed location. Founded by Ryan Russell and Brian Goldsmith, the firm is composed of a team that includes partners, associates, and senior associates with diverse backgrounds in technology and finance. Avenue Growth Partners is distinguished by its focus on investing in vertical technology companies and maintaining a concentrated portfolio strategy, allowing them to dedicate significant time and resources to each management team they back.

The firm invests in vertical technology companies across sectors such as life sciences laboratories, trucking, legal services, and equipment dealerships. Their investment strategy spans early growth stages with typical check sizes inferred to be in the $5-10 million range. Avenue Growth Partners has a total AUM that includes their first fund of $83 million and their second fund of $155 million. Their limited partners comprise public pension plans, private foundations, funds of funds, and family offices.

Notable investments by Avenue Growth Partners include Scispot, an AI-native platform for life sciences labs, and Billables AI, which provides AI-powered timekeeping solutions for law firms. Additional companies in their portfolio include Hive, Minga, and businesses in specialized sectors that benefit from AI integration across complex workflows.