Growth Capital • Internet Software and Services

Mainsail Partners Invests In LinenMaster

On November 1, 2023, growth capital firm Mainsail Partners invested in internet software and services company LinenMaster

Investment Context

This is Mainsail Partners’ 17th transaction in the Internet Software and Services sector.
This is Mainsail Partners’ 42nd transaction in the United States.
This is Mainsail Partners’ 4th transaction in Florida.

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Investment Summary
Date	November 1, 2023
Target	LinenMaster
Sector	Internet Software and Services
Investor(s)	Mainsail Partners
Deal Type	Growth Capital

Target Company

LinenMaster

Vero Beach, Florida, United States

LinenMaster provides software solutions to the laundry industry. Customers use the Company's cloud-based product to gain control over their inventory, access valuable insights and reporting, and simplify day-to-day processes, all backed by the Company's leading customer service and support. LinenMaster was founded in 1995 and is based in Vero Beach, Florida.

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Investor Overview 1

Investor

Mainsail Partners

San Francisco, California, United States

Investor Investor

Category	Growth Capital Firm
Founded	2003
PE ASSETS	2.2B USD
Size	Large
Type	Sector Focused

DESCRIPTION

Mainsail Partners is a private equity firm that principally targets investments in North American bootstrapped software companies with proven business models and long-term growth potential. Mainsail looks commit $10 to $75 million of equity capital per transaction in businesses generating annual revenues of $4 to $25 million. Mainsail Partners was formed in 2003 and is based in San Francisco, California.

Deal Context for Investor	#
Overall	42 of 51
Sector: Internet Software and Services	17 of 20
Type: Growth Capital	35 of 43
State: Florida	4 of 6
Country: United States	42 of 50
Year: 2023	3 of 3

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2023-07-18	ProShop ERP Bellingham, Washington, United States ProShop ERP delivers manufacturing software by deeply understanding its client’s challenges in order to meaningfully improve their businesses and in turn, their communities. The company is a dedicated ERP/QMS/MES management software built by manufacturers for manufacturers. They are fanatical about managing every detail of machine shops in a paperless and web-based environment, including the enterprise resource management (ERP) functions necessary to run offices, the quality management system (QMS) functions to manage AS9100 systems, and the manufacturing execution system (MES) functions to ensure the shop floor is running at peak efficiency while helping clients. ProShop ERP is based in Bellingham, Washington.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2023-07-18

ProShop ERP

Bellingham, Washington, United States

ProShop ERP delivers manufacturing software by deeply understanding its client’s challenges in order to meaningfully improve their businesses and in turn, their communities. The company is a dedicated ERP/QMS/MES management software built by manufacturers for manufacturers. They are fanatical about managing every detail of machine shops in a paperless and web-based environment, including the enterprise resource management (ERP) functions necessary to run offices, the quality management system (QMS) functions to manage AS9100 systems, and the manufacturing execution system (MES) functions to ensure the shop floor is running at peak efficiency while helping clients. ProShop ERP is based in Bellingham, Washington.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2024-02-07	Teamfront Austin, Texas, United States Teamfront provides holistic operational support, playbooks, and best practices that enable Team Cos to achieve its vision. Teamfront was founded in 2023 and is based in Austin, Texas.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2024-02-07

Teamfront

Austin, Texas, United States

Teamfront provides holistic operational support, playbooks, and best practices that enable Team Cos to achieve its vision. Teamfront was founded in 2023 and is based in Austin, Texas.

Buy

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