Investment Summary

Mainsail Partners Invests In Syncro

On August 20, 2020, growth capital firm Mainsail Partners invested in software company Syncro

Investment Highlights
  • This is Mainsail Partners’ 10th transaction in the Software sector.
  • This is Mainsail Partners’ 28th transaction in the United States.
  • This is Mainsail Partners’ 1st transaction in Washington.

Investment Summary
Date 2020-08-20
Target Syncro
Sector Software
Investor(s) Mainsail Partners
Deal Type Growth Capital

Target

Syncro

Seattle, Washington, United States
Syncro is an integrated business platform for running a profitable MSP. Syncro’s unified MSP operations platform automates and simplifies service delivery for IT professionals so they can grow their businesses. Syncro was founded in 2017 and is based in Seattle, Washington.

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Investor(S) 1

Investor

Mainsail Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2003
PE ASSETS 750M USD
Size Middle-Market
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.

DEAL STATS #
Overall 28 of 44
Sector (Software) 10 of 15
Type (Growth Capital) 22 of 37
State (Washington) 1 of 1
Country (United States) 28 of 43
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Ncontracts

Brentwood, Tennessee, United States

Ncontracts provides risk, vendor, and compliance management software to a rapidly expanding customer base of more than 1,300 financial institutions located in all 50 states and U.S. territories. Ncontracts was founded in 2009 and is based in Brentwood, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 PlanHub

West Palm Beach, Florida, United States

PlanHub provides a cloud-based SaaS platform to connect general contractors, subcontractors and suppliers during the pre-construction phase of a project. PlanHub was founded in 2006 and is based in West Palm Beach, Florida.

Buy -
Mergr

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