Spectrum Equity is a growth equity firm that invests in companies across the information economy.

Spectrum Equity

Gaocheng Capital focuses on growth-stage equity investment opportunities in enterprise services and technology innovation sector. Self-described as a private equity fund with dual currency in RMB and USD.

Gaocheng Capital

Lifeforce Capital invests in software companies reshaping the status quo in healthcare’s largest markets.

Lifeforce Capital

Palatine is a private equity and growth credit firm that provides investment solutions.

Palatine

Founded in 1994 with offices in Boston and San Francisco, Spectrum Equity is a leading growth equity firm that provides capital and strategic support to innovative companies in the information economy. The firm has invested in over 170 companies and is currently investing its tenth fund and overage program with $2.3 billion in capital.

Spectrum partners with exceptional entrepreneurs to build great companies. Spectrum seeks to invest in companies which have defensible and sustainable business models with strong recurring revenue, significant operating leverage, and structural competitive advantages. The firm has a flexible approach to ownership and typically invests  $25 – $150 million per investment, often representing the company’s first institutional investor. Spectrum plays a prominent role in helping its portfolio companies scale their business through senior management and Board recruitment, M&A, and sales & marketing optimization.

Content contained in this profile and posted updates is not intended to and does not constitute legal advice or investment advice. Your use of this information in the posted update and materials linked is at your own risk. Spectrum Equity does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, Spectrum Equity disclaims any and all liability in the event any information, commentary, analysis, and/or opinions prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. The specific companies identified in posts do not represent all of Spectrum’s investments, and no assumptions should be made that any investments identified were or will be profitable. View the complete list of portfolio companies at spectrumequity.com.

GoodRx

Bitly

AllTrails

Quantile Technologies

RainKing

Lynda

PicMonkey

Leaf Group

Ease

Ethoca

ExamSoft

Extreme Reach

Momentive

Teachers Pay Teachers

Verafin

It's been a productive first half! Our 2024 highlights so far: 2 new investments, 4 liquidity events, 4 M&A transactions, and 25 senior executives and board members joining the portfolio. We also welcomed 9 new investment team members and celebrated 7 internal promotions, along with a number of exciting awards. 

Full write up here: https://lnkd.in/gYbcMBmQ

It's our 4th (!) year hosting highly motivated, super-smart high school interns from Minds Matter. In honor of #NationalInternDay, we asked them to share their expertise — what advice does every intern need to hear?

For #NationalInternDay, we checked in with our incredible undergrad summer crew: Sophie Zhang, Bryan Zhang, and Nolan Schepman. We're blown away by these college students' curiosity, dedication, and growth — check out a (tiny) sample of their takeaways so far:

Exciting addition to the already-stacked team at Spreedly...welcome Mike Rivers!

We're SO pleased to announce promotions for these seven exceptional team members! A huge congrats to Philip Rasansky for his promotion to VP, Katherine Xiao and Anna Yu on their promotions to Senior Associate, and to our newly promoted Associates: Georgina Davis, Andrew Rozanov, Charlie Sharton, and Ohad Yahalom. We can't wait to see what you do next. 🥂

Energy decision-makers rely on Benchmark Mineral Intelligence's data, and this acquisition of Rho Motion creates a comprehensive view of the EV supply chain "from mine to grid." This is an important milestone in the shift to clean energy — congrats to Simon Moores, Adam Panayi, and all involved.

Parag Khandelwal Adam Margolin Cameron Ghorbani Joseph Haig Katherine Xiao

Annaliesa Routh and Emily Calkins are the definition of leadership for us: they ask questions that challenge our thinking, they approach their partnerships with portfolio leaders with rigor and humility, and they always have time for their teammates.

We're immensely lucky to have them at Spectrum Equity, and couldn't be prouder of this recognition from GrowthCap as Top Women Leaders in Growth Investing. Congrats, Annaliesa and Emily! 🏆

See their write-ups (and the full list of winners here: https://lnkd.in/gQm6QmXB

A big welcome to our summer intern class: Bryan Zhang, Nolan Schepman, and Sophie Zhang! These three talented, industrious undergrads will spend the summer in SF as members of our investment team, helping us source and diligence companies (and making us feel old). We're so glad you're here!👏

When it comes to product-led growth, Lucid Software's Nick Rico can really cook. Nick recently shared his recipe for PLG greatness with Spectrum's marketing community—get the key ingredients below, or check out the full write-up (with Bitly's Kelsey Stevenson) here: https://lnkd.in/gp7eY8Pv

When Kelsey Stevenson joined Bitly, the company had a truly viral product, enviable brand awareness, and...some big challenges to tackle. 5 years later, Bitly has dramatically improved conversion and monetization, and Kelsey has become an expert in product-led growth.

In a recent Spectrum workshop (co-hosted by Lucid Software's Nick Rico) Kelsey candidly shared her learnings from Bitly's PLG journey. Watch the highlights below, or get the full run-down on Spectrum's blog here: https://spctrm.pe/44RWUEh

Metric
Company Name	Spectrum Equity	Gaocheng Capital	Lifeforce Capital	Palatine
Symbol
MSH ID	COM:SPECTRUMEQUITY	COM:GAOCHENGCAPITAL	COM:LIFEFORCECAP	COM:PALATINEPE
Market	PRIVATE	PRIVATE	PRIVATE	PRIVATE
Sector	Financial Services & Finance	Financial Services & Finance	Financial Services & Finance	Financial Services & Finance
Industry	Investment Management	Investment Management	Venture Capital	Investment Management
Country	US	CN	US	GB
Stage
Employee Count				48
Website	spectrumequity.com	gaochengcapital.com	lifeforcecap.com	palatinepe.com
LinkedIn	spectrum-equity	gaocheng-capital
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital

Metric
Revenue
Revenue (LTM)
Revenue (NTM)
Gross Profit
EBITDA
Operating Income
Net Income
EPS
Diluted EPS
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin
Operating Profit Margin
EBITDA Margin
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

SPEC

COM:SPECTRUMEQUITY

Spectrum Equity

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio
P/B Ratio
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio
EV Multiple

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover

Metric
Operating Cash Flow
Free Cash Flow
Cash Flow to Debt
Operating Cash Flow/Sales
Free Cash Flow Yield

Metric
Cash & Equivalents
Accounts Receivable
Inventory
Goodwill
Debt to Capitalization
Debt to Assets
Current Ratio
Quick Ratio

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue