Memento Growth Partners

Profile

Memento Growth Partners is a growth investment firm based in Los Angeles, founded by Kareem El Sawy. The firm is notable for its seasoned advisory group, the Memento Net, which supports software companies in various functions. Kareem El Sawy, the founder and managing partner, has a substantial background in growth equity and private equity, having been involved with several successful exits at Arrowroot Capital and OpenGate Capital. Memento aims to significantly scale the company's ARR, demonstrating substantial growth within short timelines.

The firm focuses on investing in enterprise software with AI capabilities, targeting companies with $3-7MM ARR. They typically invest between $5-25 million in structured growth capital, often taking minority positions. Geographically, they are agnostic but primarily focus on North America, Europe, and Australia. They also assist with global expansion and M&A opportunities. Memento Growth Partners is in the process of raising its first fund, Memento Growth Partners I, L.P.

Notable companies that Kareem El Sawy has been involved with prior to the founding of Memento include FirstUp, Agilence, JustPark, and KeyedIn, among others. These companies were successfully acquired by larger firms, showcasing the firm's ability to grow companies and facilitate strategic exits.