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Growth Equity
arrowrootcapital.com

Investments

36

Portfolio Exits

10

Funds

6

Partners & Customers

1

Service Providers

1

About Arrowroot Capital

Arrowroot Capital is a growth equity firm based in Santa Monica focused on growing and mature recurring-revenue software businesses. The Firm seeks to partner with management to accelerate growth and help guide the company to its ultimate exit. Arrowroot targets equity investments in the range of $5 million to $25 million and has the flexibility to pursue larger opportunities.

Headquarters Location

100 Wilshire Boulevard Suite 1830

Santa Monica, California, 90401,

United States

310-566-5966

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Latest Arrowroot Capital News

Who says you can’t raise money after 20 years in business ?

Mar 16, 2022

Who says you can’t raise money after 20 years in business ? Protecht co-founders former PWC colleagues, David Bergmark and David Tattam have raised $42m after starting their risk management software company 22 years ago - in 1999 - having built it to a $20m pa company - with revenue primarily in Australia and NZ. They knew they could scale globally after testing the UK and USA market - and  David has moved to Santa Monica to Scaleup Protecht!! They knew they needed capital to do it! They hired a US-based advisor, who contacted over 250 growth equity funds, before narrowing down a list and got Santa Monica-based global growth equity firm Arrowroot Capital came on as its lead investor. And have raised $A42 million  Clients  The company primarily services  mid sized companies in financial services, government and university sectors. It has over 300 clients including Tyro, Toyota Australia, the Sydney Opera House, the National Rugby League and Melbourne Polytechnic. What Protecht does  Protecht’s software supports companies manage its enterprise risk across the business -  identifying key risks, adding mitigating controls, and continually monitoring risks through key-risk indicators and capturing incidents. Traditionally, risk management has been performed in silos across organisations, with each department focused on its own segregated risk, usually in the form of an excel spreadsheet. “It’s inefficient, it's ineffective, the board don't get what they want in a consolidated view as they get different reports,” Tattam says. “Protecht.ERM (enterprise risk and compliance management) is about consolidating that all together so the board gets what they want at a higher level. “The client receives a dashboard covering all the risks of the enterprise that's able to be drilled down so that the coalface get what they want and, the principle we try and aspire to is: one source of truth, multiple uses of the data.” Although financial services, especially in the US, remains the target sector for Protecht, risk management is now standard practise across many sectors. Protecht’s approach, regardless of risk type or risk category, allows for integrated, consistent reporting across all departments on a simple web-based platform with workflow rules and analytics, irrespective of industry. “Our mission has always been and remains to change the way the world thinks about risk and deploy innovative risk management technology to support excellence in risk management,’ Tattam says. About Arrowroot Capital  Arrowroot is a Growth fund investing in scaleups Protecht is the third Aussie investment for Arrowroot, which has previously backed HammerTech, Snaplogic and  Fluent Commerce  , and they are keen to invest more in Aussie companies . Why? “Australia has a strong core ecosystem with early stage investors helping companies get off the ground and a great university ecosystem creating computer scientists and engineers to launch these companies.” Posted by

Arrowroot Capital Investments

36 Investments

Arrowroot Capital has made 36 investments. Their latest investment was in Zift Solutions as part of their Series D on January 1, 2023.

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Arrowroot Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/23/2023

Series D

Zift Solutions

$70M

No

6

2/22/2022

Series C

Clickatell

$91M

Yes

26

2/14/2022

Series A

Protecht

$29.94M

Yes

4

1/18/2022

Series C

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$99M

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10

12/6/2021

Series E

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$99M

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10

Date

1/23/2023

2/22/2022

2/14/2022

1/18/2022

12/6/2021

Round

Series D

Series C

Series A

Series C

Series E

Company

Zift Solutions

Clickatell

Protecht

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Amount

$70M

$91M

$29.94M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

6

26

4

10

10

Arrowroot Capital Portfolio Exits

10 Portfolio Exits

Arrowroot Capital has 10 portfolio exits. Their latest portfolio exit was FiscalNote on August 01, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/1/2022

Reverse Merger

$99M

4

2/8/2022

Acquired

$99M

3

1/10/2022

Acquired

$99M

4

10/27/2021

Acq - Fin

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$99M

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10

10/7/2021

Acquired

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$99M

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10

Date

8/1/2022

2/8/2022

1/10/2022

10/27/2021

10/7/2021

Exit

Reverse Merger

Acquired

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

3

4

10

10

Arrowroot Capital Fund History

6 Fund Histories

Arrowroot Capital has 6 funds, including Arrowroot Capital IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/14/2020

Arrowroot Capital IV

$102.24M

3

11/15/2017

Arrowroot Capital III

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$99M

10

1/24/2017

Arrowroot ICIX Warehouse LP

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$99M

10

1/19/2017

Arrowroot Serviceaide Warehouse LP

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$99M

10

Arrowroot Capital

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10

Closing Date

9/14/2020

11/15/2017

1/24/2017

1/19/2017

Fund

Arrowroot Capital IV

Arrowroot Capital III

Arrowroot ICIX Warehouse LP

Arrowroot Serviceaide Warehouse LP

Arrowroot Capital

Fund Type

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Status

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Amount

$102.24M

$99M

$99M

$99M

Sources

3

10

10

10

10

Arrowroot Capital Partners & Customers

1 Partners and customers

Arrowroot Capital has 1 strategic partners and customers. Arrowroot Capital recently partnered with MedNet Solutions on July 7, 2014.

Date

Type

Business Partner

Country

News Snippet

Sources

7/14/2014

Partner

United States

Arrowroot Capital makes $4 million investment in MedNet Solutions

`` MedNet Solutions is thrilled to be partnering with Arrowroot Capital , '' said John M. Robertson , President and CEO of MedNet Solutions .

2

Date

7/14/2014

Type

Partner

Business Partner

Country

United States

News Snippet

Arrowroot Capital makes $4 million investment in MedNet Solutions

`` MedNet Solutions is thrilled to be partnering with Arrowroot Capital , '' said John M. Robertson , President and CEO of MedNet Solutions .

Sources

2

Arrowroot Capital Service Providers

1 Service Provider

Arrowroot Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Arrowroot Capital Team

3 Team Members

Arrowroot Capital has 3 team members, including current Founder, Managing Partner, Matthew J. Safaii.

Name

Work History

Title

Status

Matthew J. Safaii

Founder, Managing Partner

Current

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Name

Matthew J. Safaii

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Work History

Title

Founder, Managing Partner

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Status

Current

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