Profile
Spectrum Equity is a growth equity firm with headquarters in Boston, founded in 1994. The firm is led by a team of industry experts, including Managing Directors Ben Spero and Mike Farrell. With a sizable team of 78 employees, Spectrum Equity is dedicated to building partnerships through its hands-on involvement and strategic connections with portfolio companies.
Spectrum Equity invests in companies within the software, artificial intelligence, and data services sectors. Their investment size ranges from $25 million to $250 million across growth stages predominantly focusing on North America and Europe. Over its history, the firm has raised over $12.5 billion across its main funds, including the recently closed Fund XI with $2.5 billion in commitments.
Notable investments by Spectrum Equity include companies like AllTrails, Ancestry, Definitive Healthcare, GoodRx, SurveyMonkey, and Verafin. The firm has also invested in emerging companies such as splose, WorkFlex, and Xapien, maintaining a collaborative approach with its portfolio companies to drive growth and value addition.
Industry
Spectrum Equity Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Spectrum Equity, VIII L.P.
|
Venture Capital (VC)
|
Education
Financial Services
Fintech
SaaS
Software
Energy
CleanTech
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$1300 M
|
October 2017
|
|
Spectrum Equity IX L.P.
|
Venture Capital (VC)
|
Financial Services
Fintech
Healthcare Services
Marketing and Advertising
SaaS
Software
Energy
CleanTech
|
Series B
Late Stage (Series C+)
|
North America
|
$5-10 m
|
$1500 M
|
May 2020
|
|
Spectrum Equity X, L.P.
|
Venture Capital (VC)
|
Financial Services
Fintech
Foodtech
Healthcare Services
Marketing and Advertising
SaaS
Software
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$2000 M
|
July 2022
|
|
Spectrum Equity Fund XI
|
Private Equity (PE)
Venture Capital (VC)
|
Software
AI
|
Late Stage (Series C+)
|
North America
Europe
|
$100+ m
|
$2500 M
|
October 2026
|
Contacts
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