We concentrate on three areas where we have developed genuine pattern recognition and established relationships with founders who are building for the long term.
I.
Technology Infrastructure
Enterprise software, developer tooling, data infrastructure, security platforms, and cloud-native infrastructure businesses. We are drawn to companies where every enterprise customer that adopts the product makes the product more valuable to the next customer — through integrations, data network effects, or community.
We look for: strong net revenue retention above 110%, defined buyer personas in technical or data leadership, and roadmaps with multiple years of defensible product development ahead.
II.
Business Services
Technology-enabled professional services businesses in legal, accounting, HR, compliance, and industry-specific operations. We believe the services industry is undergoing a fundamental transition as software replaces the labor-intensive workflows that defined legacy firms.
We look for: businesses where software delivers the service rather than just supports it, recurring revenue from multi-year client relationships, and management teams that have operated at scale in their respective industries.
III.
Financial Technology
Payments infrastructure, lending technology, compliance and regulatory tools, and wealth management platforms. Financial services remains one of the most structurally inefficient industries, with meaningful opportunity for software-native players to displace incumbents on cost, speed, and user experience.
We look for: products that address licensed or regulated workflows where competition is limited by regulatory barriers, clear unit economics, and founding teams with both financial services expertise and engineering depth.
Criteria
What we look for.
Stage
Series A through Series B. Occasional seed-stage exceptions for companies with exceptional founding teams and clear product-market evidence.
Revenue
Preference for $1M+ ARR with demonstrated growth trajectory. Earlier stage considered for the right opportunity.
Geography
Primarily North America. Selective international investment where the market opportunity is global and the founding team has established US presence or distribution.
Check Size
Lead or co-lead positions. We do not make passive minority investments where we cannot add substantive value through board engagement and network access.
Hold Period
7 to 10 year expected horizon. We are structured to hold through cycles and are not driven by fund lifecycle pressure to exit at arbitrary timelines.
Board Engagement
Board seat or observer right expected on all investments above $2M. We are active board members who attend meetings prepared and contribute between meetings.