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Investments

126

Portfolio Exits

29

Funds

2

About Harbert Venture Partners

Harbert Venture Partners seeks to generate superior returns for our investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S.

Harbert Venture Partners Headquarter Location

2100 Third Avenue North Suite 600

Birmingham, Alabama, 35203,

United States

205-987-5585

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Latest Harbert Venture Partners News

Harbert Growth Partners IV, L.P. Announces Its Final Close at $120 Million

Aug 3, 2017

RICHMOND, VA--(Marketwired - August 03, 2017) - Harbert Growth Partners IV, L.P. ("HGP IV" or the "Fund"), which invests in promising emerging growth stage technology and healthcare companies, is pleased to announce its final close, bringing the total equity commitments to HGP IV to $120 million. HGP IV, which includes significant institutional and family office investors from across the United States, represents the largest of the Harbert Growth Partners Funds to date, up materially from Harbert Venture Partners III, L.P. which had total equity commitments of approximately $78 million. "We are excited to announce the final close of HGP IV," said Wayne Hunter, Managing Partner of the Harbert Growth Partners Funds. "We are pleased and grateful for the strong support from both previous fund investors and new investors to HGP IV. With six investments already completed and a robust pipeline, the Fund is off to a great start. The Fund's six investments to date -- Cloud Elements, Envera Health, MapAnything, Shipt, Sidecar Interactive, and Springbot -- are all led by exceptional management teams, growing very rapidly and are leaders in the emerging sectors in which they operate." Since 2004, the Harbert Growth Partners Funds have invested in 40 healthcare and technology companies and have successfully led exits to well known domestic and international funds and corporations including Amazon, AtriCure, GE, General Catalyst, GlaxoSmithKline, Insight Venture Partners, Royal Philips N.V., Sophos, and Summit Partners, among others. About Harbert Growth Partners The Harbert Growth Partners Funds are Virginia-based growth equity funds focused on investing in exceptional management teams and companies with leadership positions in high growth markets. The Harbert Growth Partners Funds are affiliates of Harbert Management Corporation ("HMC"), an alternative asset management firm which manages approximately $5.1 billion in Regulatory Assets Under Management as of July 31, 2017, from offices in 11 locations across the United States and Europe. HMC is a privately-owned firm formed in 1993 to sponsor alternative asset investment funds. HMC serves foundations and endowments, funds of funds, pension funds, financial institutions, insurance companies, family offices, and high net worth individuals across multiple asset classes. Additional information about HMC can be found at www.harbert.net . Contact Information

Harbert Venture Partners Investments

126 Investments

Harbert Venture Partners has made 126 investments. Their latest investment was in Payzerware as part of their Series D on June 6, 2021.

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Harbert Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/22/2021

Series D

Payzerware

$23M

Yes

9

6/11/2021

Series B

Hello Alice

$21M

Yes

11

12/10/2020

Series C - II

Springbot

$2.6M

No

4

11/16/2020

Series B

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$99M

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10

8/7/2020

Series C

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$99M

Subscribe to see more

10

Date

6/22/2021

6/11/2021

12/10/2020

11/16/2020

8/7/2020

Round

Series D

Series B

Series C - II

Series B

Series C

Company

Payzerware

Hello Alice

Springbot

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Amount

$23M

$21M

$2.6M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

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Co-Investors

Sources

9

11

4

10

10

Harbert Venture Partners Portfolio Exits

29 Portfolio Exits

Harbert Venture Partners has 29 portfolio exits. Their latest portfolio exit was Podsights on February 16, 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

2/16/2022

Acquired

3

12/13/2021

Acquired

1

7/30/2021

Acquired

$99M

7

4/28/2021

Merger

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10

3/23/2021

Acquired

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10

Date

2/16/2022

12/13/2021

7/30/2021

4/28/2021

3/23/2021

Exit

Acquired

Acquired

Acquired

Merger

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

Acquirer

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Sources

3

1

7

10

10

Harbert Venture Partners Acquisitions

2 Acquisitions

Harbert Venture Partners acquired 2 companies. Their latest acquisition was SoftBase Systems on October 12, 2011.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

10/12/2011

$99M

Acq - Fin

12/19/2006

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$99M

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0

Date

10/12/2011

12/19/2006

Investment Stage

Companies

Subscribe to see more

Valuation

$99M

$99M

Total Funding

Note

Acq - Fin

Subscribe to see more

Sources

0

Harbert Venture Partners Fund History

2 Fund Histories

Harbert Venture Partners has 2 funds, including Harbert Growth Partners IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/13/2017

Harbert Growth Partners IV

$96.35M

1

1/12/2016

Harbert Venture Partners IV

$99M

10

Closing Date

1/13/2017

1/12/2016

Fund

Harbert Growth Partners IV

Harbert Venture Partners IV

Fund Type

Status

Amount

$96.35M

$99M

Sources

1

10

Harbert Venture Partners Team

12 Team Members

Harbert Venture Partners has 12 team members, including current Chief Executive Officer, Raymond J. Harbert.

Name

Work History

Title

Status

Raymond J. Harbert

Chief Executive Officer

Current

Michael D. Luce

President, Chief Operating Officer

Current

David A. Boutwell

Executive Vice President

Current

Charles D. Miller

Executive Vice President

Current

Joel B. Piassick

Executive Vice President

Current

Name

Raymond J. Harbert

Michael D. Luce

David A. Boutwell

Charles D. Miller

Joel B. Piassick

Work History

Title

Chief Executive Officer

President, Chief Operating Officer

Executive Vice President

Executive Vice President

Executive Vice President

Status

Current

Current

Current

Current

Current

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