Investments
171Portfolio Exits
44Funds
9Service Providers
2About Technology Partners
Founded more than 20 years ago as a private venture capital firm, Technology Partners currently aims to manage a total of more than $750 million of investment capital. Technology Partners' investment strategy is to team with visionary entrepreneurs to build successful new companies, serving principally as a lead investor and business advisor to both Cleantech and Life Science companies.

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Latest Technology Partners News
Oct 3, 2023
CStore Decisions Ignite Retail Technology Partners With Pinnacle Through the partnership, Ignite Retail Technology has implemented Pinnacles’ Affiniti Cloud Point-of-Sale (POS) System into its Ignite Retail Cloud to help retailers gain access to a holistic technology ecosystem. October 3, 2023 Ignite Retail Technology has partnered with Pinnacle Corp. to bring Pinnacles’ modern Affiniti Cloud Point-of-Sale (POS) System into the Ignite Retail Cloud (IROS). Ignite, renowned for its cutting-edge cloud solutions and expertise in boosting retail potential, is heralding a transformative phase in retail technology. By integrating Pinnacles’ Affiniti Cloud POS with Ignite, retailers gain access to a holistic technology ecosystem that revolutionizes customer experiences. Affiniti Cloud POS architecture, built from the ground up as cloud native, delivers unparalleled agility and scalability, ensuring that retailers can adapt swiftly to emerging trends and consumer demands. Beyond just a POS solution, its transformative approach turns every point of sale into an immersive customer engagement hub, setting new standards for convenience, speed and personalization. Affiniti Cloud POS ensures retailers have the flexibility and tools to craft memorable shopping experiences. This partnership doesn’t just enhance the Ignite Retail Cloud’s offering but redefines what retailers can expect from an integrated cloud platform. Affiniti Cloud POS integrates seamlessly with Ignite’s back office, Profit Central, Loyalty Engine, and the Epiphany data lake house analytics suite for convenience stores and retail. Additionally, thanks to a strategic partnership, Ignite can now offer its clients Pinnacle’s full suite of software and services. “For years, we’ve been meticulously crafting the Ignite Retail Cloud, ensuring our clients have an unparalleled choice of vendors and control over their data. When we see a need, we collaborate with forward-thinking firms in our industry, like Pinnacle. The integration of Pinnacle’s modern Cloud POS — Affiniti — using Conexxus standards underscores this commitment,” stated Pat Lewis, CEO of Ignite Retail Technology. “But this announcement isn’t just about adding the first Cloud POS system to the Ignite Retail Cloud. It’s about redefining what’s possible and expanding the horizons of convenience store retail. The potential for retailers is now sky-high.” For nearly 25 years, Ignite Retail Technology has operated an integrated platform of smart retail solutions. Beginning with its award-winning KickBack Loyalty Rewards product, Ignite has expanded to meet the needs of retail chains of all sizes. Pinnacle Corp., with its Affiniti Cloud Platform, empowers retailers with flexible, cutting-edge solutions tailored to their unique needs. With a legacy dating back to the 90s, Pinnacle has consistently innovated, evolving beyond traditional POS systems to cater to the modern, ever-changing retail landscape.
Technology Partners Investments
171 Investments
Technology Partners has made 171 investments. Their latest investment was in PRA Audio Systems as part of their Unattributed - III on November 11, 2020.

Technology Partners Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
11/13/2020 | Unattributed - III | PRA Audio Systems | $0.49M | Yes | 1 | |
1/6/2016 | Series F | Benvenue Medical | $23M | No | 1 | |
6/4/2015 | Series D - III | BeamReach Solar | $36.59M | No | 3 | |
4/6/2015 | Series D - II | |||||
2/19/2015 | Series D - II |
Date | 11/13/2020 | 1/6/2016 | 6/4/2015 | 4/6/2015 | 2/19/2015 |
---|---|---|---|---|---|
Round | Unattributed - III | Series F | Series D - III | Series D - II | Series D - II |
Company | PRA Audio Systems | Benvenue Medical | BeamReach Solar | ||
Amount | $0.49M | $23M | $36.59M | ||
New? | Yes | No | No | ||
Co-Investors | |||||
Sources | 1 | 1 | 3 |
Technology Partners Portfolio Exits
44 Portfolio Exits
Technology Partners has 44 portfolio exits. Their latest portfolio exit was APX on March 02, 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 |
---|---|---|---|---|---|
3/2/2022 | Acquired | 1 | |||
12/16/2020 | Acquired | 1 | |||
12/19/2017 | Asset Sale | 1 | |||
Date | 3/2/2022 | 12/16/2020 | 12/19/2017 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Asset Sale | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 1 |
Technology Partners Fund History
9 Fund Histories
Technology Partners has 9 funds, including Technology Partners Fund VIII LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
7/31/2007 | Technology Partners Fund VIII LP | Multi-Stage Venture Capital | Closed | $300M | 1 |
11/2/2000 | Technology Partners Fund VII LP | ||||
7/6/1998 | Technology Partners Fund VI LP | ||||
1/1/1994 | Technology Partners Fund V LP | ||||
1/1/1989 | Technology Partners West Fund IV LP |
Closing Date | 7/31/2007 | 11/2/2000 | 7/6/1998 | 1/1/1994 | 1/1/1989 |
---|---|---|---|---|---|
Fund | Technology Partners Fund VIII LP | Technology Partners Fund VII LP | Technology Partners Fund VI LP | Technology Partners Fund V LP | Technology Partners West Fund IV LP |
Fund Type | Multi-Stage Venture Capital | ||||
Status | Closed | ||||
Amount | $300M | ||||
Sources | 1 |
Technology Partners Service Providers
2 Service Providers
Technology Partners has 2 service provider relationships
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
Technology Partners Team
7 Team Members
Technology Partners has 7 team members, including current Chief Executive Officer, President, Ted Ardell.
Name | Work History | Title | Status |
---|---|---|---|
Ted Ardell | Chief Executive Officer, President | Current | |
Name | Ted Ardell | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer, President | ||||
Status | Current |