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Private Equity
FINANCE | Investment Firms & Funds
summitpartners.com

Investments

436

Portfolio Exits

258

Funds

69

Partners & Customers

7

Service Providers

3

About Summit Partners

Summit Partners operates as a private equity firm. It invests in sectors such as technology, healthcare, and life sciences. The company was founded in 1984 and is based in Boston, Massachusetts.

Headquarters Location

222 Berkeley Street 18th Floor

Boston, Massachusetts, 02116,

United States

617-824-1000

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Latest Summit Partners News

Summit Partners Announces Global Promotions

Jan 27, 2023

8 minute read BOSTON & MENLO PARK, Calif. & NEW YORK & LONDON–(BUSINESS WIRE)– #GrowthEquity –Summit Partners, a leading alternative investment firm, today announced the promotion of 14 professionals across the firm’s global offices. Scott Ferguson, Paul Furer, Mark Nordstrom, Dayton Ogden and Sophia Popova have been promoted to Partner; Chris Bon, Ali Dowd, Mark Hexamer, Chelsea Jurman, Nick Oppedisano and Jono Pagden have been promoted to Principal; and Jonathan Gilman, Andy Lee and Irina Müller have been promoted to Vice President. “We are very pleased to recognize the achievements of our colleagues with these well-deserved promotions,” said Peter Chung , Managing Director and Chief Executive Officer of Summit Partners. “Each of these professionals represents well the culture and values of our firm. We are very confident they will continue to serve our investors and our portfolio companies with distinction.” Scott Ferguson has been promoted to Partner. Scott joined Summit’s Menlo Park office as an Associate in 2009 and is a member of the Technology team. His investment and board experience includes Calypso Technology (acquired by Thoma Bravo), HelpSystems (acquired by H.I.G. Capital), MercuryGate, Perforce Software (acquired by Clearlake Capital), Teaching Strategies (acquired by KKR) and Trintech. Prior to Summit, Scott worked in the Technology Investment Banking Group at Piper Jaffray. Scott holds a BS in finance from the University of Kansas and an MBA from the Kellogg School of Management at Northwestern University. Paul Furer has been promoted to Partner. Paul joined Summit’s Boston office as an Associate in 2011 and is a member of the Growth Products & Services team. His investment and board experience includes 48forty Solutions, Beyond Risk, FineLine Technologies (acquired by L Squared Capital Partners and Leonard Green Partners), Harvey Performance Company (acquired by Berkshire Partners), Parts Town (acquired by Berkshire Partners and Leonard Green Partners), Patriot Growth Insurance Services, Solo Brands (NYSE: DTC), and Vivint Smart Home (NYSE: VVNT). Prior to Summit, Paul worked for Jefferies and Bank of America Merrill Lynch. Paul holds a BS in finance from Indiana University’s Kelley School of Business and an MBA from Columbia Business School. Mark Nordstrom has been promoted to Partner. Mark joined Summit’s Boston office as an Associate in 2010. Today, Mark serves as the Head of our Capital Markets team and in this capacity leads the firm’s capital markets activities for existing portfolio companies and new acquisitions. Additionally, he helps Summit manage its commercial and investment banking relationships. Prior to Summit, Mark worked for Bank of America Merrill Lynch and State Street Corporation. Mark holds a BA in economics from Wesleyan University. In addition, he is a CFA charterholder. Dayton Ogden has been promoted to Partner. Dayton joined Summit’s Boston office as the Head of Talent & Recruiting in 2014. Dayton works with Summit’s portfolio companies and investment teams to identify and recruit high-impact senior executives and board members. Prior to Summit, Dayton led the venture capital and growth equity practice at executive search firm CTPartners. Previously, he was a co-founder of Fortis Partners and a senior associate at Spencer Stuart. Dayton holds a BA in American Studies, with highest distinction, from Wittenberg University. Sophia Popova has been promoted to Partner. Sophia joined Summit’s Boston office as a Vice President in 2017 and is a member of the Technology team. Her investment and board experience includes Invicti Security, Klaviyo, Markforged (NYSE: MKFG), Mavrck, PrismHR (acquired by Stone Point), Sifted, StackAdapt and Ylopo. Prior to Summit, Sophia worked at Morgan Stanley and led product management at several technology startups, including Contactive. Sophia holds a BA in economics and mathematics from Yale University and an MBA, with distinction, from Harvard Business School. Chris Bon has been promoted to Principal. Chris joined Summit’s London office as an Associate in 2016 and is a member of the Growth Products & Services team. His investment and board experience includes Energy Aspects, GRESB, Normec (acquired by Astorg), OnRobot, ProGlove (acquired by Nordic Capital) and Sipartech (acquired by Blackstone). Prior to Summit, Chris worked in M&A advisory at J.P. Morgan. Chris holds a BCom in economics from the University of Toronto and an MSc in finance from HEC Paris. Ali Dowd has been promoted to Principal. Ali joined Summit’s Boston office as a Vice President in 2021 and is a member of the Healthcare & Life Sciences team. Her investment experience includes Veranex. Prior to Summit, Ali worked in the Healthcare Group at Thomas H. Lee Partners. Previously, she worked at TA Associates. Ali holds a BA in economics, cum laude, from Vanderbilt University. Mark Hexamer has been promoted to Principal. Mark joined Summit’s Menlo Park office as a Vice President in 2014. As a member of the Talent & Recruiting team, Mark works with Summit’s portfolio companies and investment teams to identify and recruit high-impact senior executives and board members. Prior to Summit, Mark was a founding member of the venture capital and growth equity practice at executive search firm CTPartners, a partner at Fortis Partners and a cofounder of Swap.com and Sidebar Software. Mark holds a BA in history from the University of Notre Dame and a JD/MBA from Boston College. Chelsea Jurman has been promoted to Principal. Chelsea joined Summit’s Boston office as a Vice President in 2019 and is a member of the Growth Products & Services team. Her investment and board experience includes Adviser Investments, Brooklinen, Halborn and ShipMonk. Prior to Summit, Chelsea worked in Global Investment Research at Goldman Sachs, in the Technology group. Chelsea holds a BA in political science, magna cum laude and Phi Beta Kappa, from Yale University, and an MBA from Harvard Business School, where she was a Baker Scholar. Nick Oppedisano has been promoted to Principal. Nick joined Summit’s Menlo Park Office as a Vice President in 2019 and is a member of the Technology team. His investment and board experience includes CoderPad, Foxen, Jobber, PriceLabs and Recharge. Prior to Summit, Nick worked on Goldman Sachs’ tech, media, telecom investment banking team and Centerview Partners’ tech investment banking team. Nick holds a BA in business administration, honors, from Ivey Business School and a BS in engineering from the University of Western Ontario. Jono Pagden has been promoted to Principal. Jono joined Summit’s London office as an Associate in 2016 and is a member of the Healthcare & Life Sciences team. His investment experience includes Advance Medical (acquired by Teladoc), CluePoints, Fortis Life Sciences and zahneins (acquired by PAI Partners). Prior to Summit, Jono worked on the Retail/Healthcare and U.K. M&A teams at Goldman Sachs. Jono holds a Bachelor of Business Science, with honors, in accounting and finance from the University of Cape Town. Jonathan Gilman has been promoted to Vice President. Jonathan joined Summit’s Boston office as an Associate in 2018 and is a member of the Healthcare & Life Sciences team. His investment experience includes Abode Healthcare (acquired by BrightSpring Health Services), Fortis Life Sciences, InnovaCare Health, Leon Medical Centers, TurningPoint Healthcare Solutions and U.S. Renal Care. Prior to Summit, Jonathan worked in the Global Healthcare Group in the Investment Banking Division at Jefferies. Jonathan holds a BS in finance and economics from New York University’s Stern School of Business. Andy Lee has been promoted to Vice President. Andy joined Summit’s Boston Office as an Associate in 2018 and is a member of the Growth Products & Services team. His investment and board experience includes Beyond Risk and Patriot Growth Insurance Services. Prior to Summit, Andy worked for Fisher Lynch Capital and Fidelity Investments. Andy holds a BA, cum laude, in psychology from Dartmouth College. Irina Müller has been promoted to Vice President. Irina joined Summit’s London office as an Associate in 2019 and is a member of the Technology team. Her investment experience includes Appway (acquired by FNZ), ProGlove (acquired by Nordic Capital) and Solactive. Prior to Summit, Irina worked in the M&A Group at Houlihan Lokey. Irina holds a BA in business administration and an MA in banking and finance from the University of St. Gallen. About Summit Partners Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $35 billion in capital dedicated to growth equity, fixed income, and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 550 companies in healthcare, technology, and other growth industries. Summit maintains offices in North America and Europe and invests in companies around the world. For more information, please see www.summitpartners.com or Follow on LinkedIn . In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 11-12 Hanover Square, London, W1S 1JJ, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies. Contacts

Summit Partners Investments

436 Investments

Summit Partners has made 436 investments. Their latest investment was in Imagen as part of their Seed VC on December 12, 2022.

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Summit Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/19/2022

Seed VC

Imagen

$30M

Yes

8

11/14/2022

Series C - II

Red Points

$20M

No

8

10/12/2022

Series D

Immersive Labs

$66M

No

15

10/11/2022

Private Equity

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$99M

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10

7/28/2022

Series A

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$99M

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10

Date

12/19/2022

11/14/2022

10/12/2022

10/11/2022

7/28/2022

Round

Seed VC

Series C - II

Series D

Private Equity

Series A

Company

Imagen

Red Points

Immersive Labs

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Amount

$30M

$20M

$66M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

8

8

15

10

10

Summit Partners Portfolio Exits

258 Portfolio Exits

Summit Partners has 258 portfolio exits. Their latest portfolio exit was Salient Partners on November 22, 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

11/22/2022

Acquired

$99M

1

5/4/2022

Acq - Fin

$99M

2

4/12/2022

Acquired

$99M

6

3/9/2022

Acquired

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$99M

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10

12/30/2021

Acquired

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$99M

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10

Date

11/22/2022

5/4/2022

4/12/2022

3/9/2022

12/30/2021

Exit

Acquired

Acq - Fin

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

2

6

10

10

Summit Partners Acquisitions

67 Acquisitions

Summit Partners acquired 67 companies. Their latest acquisition was OHI on December 22, 2022.

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

12/22/2022

Other Venture Capital

$99M

$4M

Acq - Fin - II

1

8/24/2022

$99M

Acq - Fin

2

4/1/2022

$99M

Acq - Fin

1

2/3/2021

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$99M

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10

7/16/2020

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$99M

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10

Date

12/22/2022

8/24/2022

4/1/2022

2/3/2021

7/16/2020

Investment Stage

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$4M

Note

Acq - Fin - II

Acq - Fin

Acq - Fin

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Sources

1

2

1

10

10

Summit Partners Fund History

69 Fund Histories

Summit Partners has 69 funds, including Summit Partners Growth Equity Fund XI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/4/2021

Summit Partners Growth Equity Fund XI

$8,350M

1

11/9/2020

Summit Partners Co-Invest (Indigo)

$0.41M

1

6/30/2020

Summit Partners Europe Growth Equity Fund III

Diversified Private Equity

Closed

$1,233.58M

2

6/30/2020

Summit Partners Venture Capital Fund V

$99M

10

3/5/2019

Summit Partners Growth Equity Fund X

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10

Closing Date

10/4/2021

11/9/2020

6/30/2020

6/30/2020

3/5/2019

Fund

Summit Partners Growth Equity Fund XI

Summit Partners Co-Invest (Indigo)

Summit Partners Europe Growth Equity Fund III

Summit Partners Venture Capital Fund V

Summit Partners Growth Equity Fund X

Fund Type

Diversified Private Equity

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Status

Closed

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Amount

$8,350M

$0.41M

$1,233.58M

$99M

Sources

1

1

2

10

10

Summit Partners Partners & Customers

7 Partners and customers

Summit Partners has 7 strategic partners and customers. Summit Partners recently partnered with Peabody, and Riverstone Holdings on March 3, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

3/3/2022

Partner

United Kingdom, and United States

Peabody, Riverstone and Summit launch R3

Peabody has formed R3 , a renewable energy development company , in a joint venture with Riverstone and Summit Partners .

1

9/9/2020

Partner

Belgium

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10

1/23/2018

Vendor

Spain

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10

8/5/2016

Partner

Switzerland

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10

1/12/2016

Partner

United States

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10

Date

3/3/2022

9/9/2020

1/23/2018

8/5/2016

1/12/2016

Type

Partner

Partner

Vendor

Partner

Partner

Business Partner

Country

United Kingdom, and United States

Belgium

Spain

Switzerland

United States

News Snippet

Peabody, Riverstone and Summit launch R3

Peabody has formed R3 , a renewable energy development company , in a joint venture with Riverstone and Summit Partners .

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Sources

1

10

10

10

10

Summit Partners Service Providers

4 Service Providers

Summit Partners has 4 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Growth Equity

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Growth Equity

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Summit Partners Team

33 Team Members

Summit Partners has 33 team members, including , .

Name

Work History

Title

Status

Gregory G. Avis

Silicon Valley Community Foundation

Founder

Current

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Name

Gregory G. Avis

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Work History

Silicon Valley Community Foundation

Title

Founder

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Status

Current

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