Investments
36Portfolio Exits
10Funds
6Partners & Customers
1Service Providers
1About 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.

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Latest Arrowroot Capital News
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.

Arrowroot Capital Investments Activity

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 | |||||
12/6/2021 | Series E |
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 | ||
Amount | $70M | $91M | $29.94M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 6 | 26 | 4 |
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 | 4 | |||
2/8/2022 | Acquired | 3 | |||
1/10/2022 | Acquired | 4 | |||
Date | 8/1/2022 | 2/8/2022 | 1/10/2022 | ||
---|---|---|---|---|---|
Exit | Reverse Merger | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 4 | 3 | 4 |
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 | ||||
1/24/2017 | Arrowroot ICIX Warehouse LP | ||||
1/19/2017 | Arrowroot Serviceaide Warehouse LP | ||||
Arrowroot Capital |
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 | |||||
Status | |||||
Amount | $102.24M | ||||
Sources | 3 |
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 | |
Name | Matthew J. Safaii | ||
---|---|---|---|
Work History | |||
Title | Founder, Managing Partner | ||
Status | Current |
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