Investments
149Portfolio Exits
42Funds
2About Split Rock Partners
Split Rock Partners invests in emerging healthcare, software and Internet services companies in the Upper Midwest and West Coast. Split Rock is an early-stage venture capital firm that was founded in June 2004 by the former healthcare and software investment teams of St. Paul Venture Capital (SPVC). The Split Rock team managed over $1 billion of venture capital during their tenure at SPVC, and continues to manage the SPVC healthcare and software portfolio. In May of 2008, the firm raised $300 million in our second Split Rock Partners fund, the successor to our inaugural $275 million fund raised in April 2005.
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Latest Split Rock Partners News
Mar 10, 2022
Gravie, a Minneapolis, MN-based health benefits company, raised USD 75m in Series E funding. The round was led by Georgian, with participation from existing investors FirstMark Capital, AXA Venture Partners, Split Rock Partners and Revelation Partners.
Split Rock Partners Investments
149 Investments
Split Rock Partners has made 149 investments. Their latest investment was in Gravie as part of their Series F on March 3, 2023.
Split Rock Partners Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
3/21/2023 | Series F | Gravie | $179M | No | 5 | |
3/9/2022 | Series E | Gravie | $75M | No | 8 | |
3/18/2021 | Series D | Gravie | $28M | No | 17 | |
2/10/2020 | Unattributed VC | |||||
8/27/2019 | Debt |
Date | 3/21/2023 | 3/9/2022 | 3/18/2021 | 2/10/2020 | 8/27/2019 |
|---|---|---|---|---|---|
Round | Series F | Series E | Series D | Unattributed VC | Debt |
Company | Gravie | Gravie | Gravie | ||
Amount | $179M | $75M | $28M | ||
New? | No | No | No | ||
Co-Investors | |||||
Sources | 5 | 8 | 17 |
Split Rock Partners Portfolio Exits
42 Portfolio Exits
Split Rock Partners has 42 portfolio exits. Their latest portfolio exit was EBR Systems on November 24, 2021.
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 |
|---|---|---|---|---|---|
11/24/2021 | IPO | Public | 2 | ||
5/4/2021 | Acquired | 3 | |||
1/6/2021 | Acquired | 19 | |||
Date | 11/24/2021 | 5/4/2021 | 1/6/2021 | ||
|---|---|---|---|---|---|
Exit | IPO | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 2 | 3 | 19 |
Split Rock Partners Acquisitions
1 Acquisition
Split Rock Partners acquired 1 company. Their latest acquisition was Fortra on August 18, 2015.
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 |
|---|---|---|---|---|---|---|
8/18/2015 | Private Equity | Acq - Fin - IV | 2 |
Date | 8/18/2015 |
|---|---|
Investment Stage | Private Equity |
Companies | |
Valuation | |
Total Funding | |
Note | Acq - Fin - IV |
Sources | 2 |
Split Rock Partners Fund History
2 Fund Histories
Split Rock Partners has 2 funds, including Split Rock Partners II LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
5/1/2008 | Split Rock Partners II LP | Early-Stage Venture Capital | Closed | $300M | 1 |
5/4/2005 | Split Rock Partners |
Closing Date | 5/1/2008 | 5/4/2005 |
|---|---|---|
Fund | Split Rock Partners II LP | Split Rock Partners |
Fund Type | Early-Stage Venture Capital | |
Status | Closed | |
Amount | $300M | |
Sources | 1 |
Split Rock Partners Team
3 Team Members
Split Rock Partners has 3 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Allan R. Will | Founder | Current | |
Name | Allan R. Will | ||
|---|---|---|---|
Work History | |||
Title | Founder | ||
Status | Current |
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