Company Information. Solamere Capital LLC is a Venture Capital and Private Equity Principals, Investment Banking, and Finance company located in Boston, Massachusetts with $6.00 Million in revenue and 35 employees. 2008. . Let's connect. Solamere Capital Phone Number +1 857 362 9205. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Point's strategic partner and an anchor investor in Smith Point Capital Fund I. provide consumers with a superior smart home experience. Paul Ryan to Join Solamere Capital - WSJ in-home consultation, professional installation and support delivered by You can also contact MarketWatch Customer Service via our Customer Center. Solamere Executive Network - Solamere Capital Firm Inception:2008Number of Active Portfolio Investments:31Number of Realized Investments:25Investment Range:$30 - $60MCurrent Fund:Fund IIICurrent Fund Size:$650M, Leadership:Tagg Romney Co-Founder & Managing PartnerEric Scheuermann Co-Founder & Managing PartnerSpencer Zwick Co-Founder & Managing PartnerScott Hutchins PartnerPaul Ryan PartnerVaibhav Saraiya Partner, Team Members:24Primary Address:137 Newbury Street, 7th Floor, Boston, MA 02116Website:solamerecapital.comPhone Number:857-362-9213Which best describes the firm? tech investor Peter Thiel and investment firm Solamere Capital. Business Services Light Industrials Healthcare . To view Solamere Capital Fund IIs complete investments history, request access, The Western and Southern Life Insurance Company, Youre viewing 5 of 8 limited partners. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. including smart door locks, thermostat, cameras, doorbell camera, cloud Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. PR Newswire, SAN FRANCISCO and NEW YORK, April 25, 2023, Strategy pairs strong investing acumen with deep operating expertise to build durable, industry-leading software businesses with accelerated and responsible growth, Operating model supported by network of proven and highly respected executives from leading enterprise software businesses, ServiceNow will serve as a strategic partner and an anchor investor in Smith Point Capital Fund I. SAN FRANCISCO and NEW YORK, April 25, 2023 /PRNewswire/ -- Smith Point Capital, LLC ("Smith Point"), an operator-led enterprise software venture investment firm, today announced the launch of the firm and the first closing of its inaugural fund, Smith Point Capital Fund I. Smith Point Capital was founded by CEO Keith Block, former Co-CEO of Salesforce, together with Burke Norton and Chris Lytle, long-time software industry executives and investors. Portfolio Companies. The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". Your information will not be made available to third-parties. companies in North America. If we are missing a portfolio company, please let us know. This is a profile preview from the PitchBook Platform. With the accelerating pace of digital transformation, the increasingly mission-critical nature of software across all industries and geographies, and the dramatic reset in valuations, the Smith Point team believes the firm's launch could not come at a more promising moment to invest in, and help build, durable, industry-leading enterprise software businesses. The firm's approach focuses on collaborating with, and investing in, the most innovative software businesses to implement proven, best-in-class revenue growth, innovation, and operational strategies to dramatically accelerate financial and market success. All Rights Reserved. Vivint Public RelationsLiz Tanner, 801-229-6956liz.tanner@vivint.com, Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in Vivint Smart Home, Internet Explorer presents a security risk. Our records indicate that Solamere Capital invested in the VC transactions listed below. Mr. Norton was most recently Senior Managing Director at Vista Equity Partners, where he was co-head of Vista's Perennial Capital Fund, and was previously a senior executive and a member of the Executive Committee at Salesforce. The Why do prospects want to do business with the firm? And H.I.G., in turn, is one of the largest partners, with nearly $10 billion of equity capital, of Solamere Capital, the investment fund founded and run by Tagg Romney (pictured), Mitt's. Browse more private equity investors: Solamere Capital GCI Publishing Number of Exits 1. Tagg Romney, Zwick, and. Description. Former House speaker Paul Ryan to join Solamere Capital Former Salesforce Co-CEO Keith Block Launches Venture Capital Firm - MSN for our business and their vision for this industry. 137 Newbury St Fl 7, Boston, Massachusetts, 02116, United States, Solamere provides a vehicle that aims to enable CEOs and industry leaders to pool both their capital and their networks to source and add value to private investment opportunities. Top investors validate Vivints winning smart home strategy. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. The company pairs its technology with Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. Solamere's strategic network of investors provides the ability to invest patiently for the long-term, to be creative in structuring either minority or majority transactions, and to leverage the Solamere Network of investors and executives as we seek to create meaningful value for our portfolio companies. Size of target portfolio companies. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- 137 Newbury Street. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand Glennmont Partners sells Portuguese solar portfolio, Adviser to Carlyle co-founder David Rubensteins family office registers with the SEC, TPGs Rise Fund II moves closer to target amid rise of impact investing, Game on: Meet the PE firms building sports empires. Smith Point Capital, LLC, a San Francisco, CA and NYC-based operator-led enterprise software venture investment firm, launched the firm and held the first closing of its inaugural fund, Smith Point Capital Fund I. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Points strategic partner and an anchor investor in Smith Point Capital Fund I. Smith Point Capital, LLC, a San Francisco, CA and NYC-based operator-led enterprise software venture investment firm, launched the firm and held the first closing of . The shares of equity securities offered in the private placement have | News first outside investor in Facebook and is one of the largest For more information about a Vivint smart home, visit www.vivint.com. Location. Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. Prior to Longfellow, he served in various senior executive roles with enterprise software companies and as a Managing Director at Morgan Stanley leading RCL Capital. The Boston, MA-based company plans to raise $300 million by offering 12 million units, which the company calls CAPS (Capital which Aligns and Partners with a Sponsor), at $25. not been and will not be registered under the United States Securities Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Solamere Capital headquarters are located in 137 Newbury St Fl 7, Boston, Massachusetts, 02116, United States, Solamere Capitals main industries are: Finance, Venture Capital & Private Equity, Solamere Capital appears in search results as Solamere Capital LLC, Solamere Capital, Solamare, Solamere Capital Fund Ii A LP, Solamere Capital Fund Ii LP, Get Free Access to Solamere Capital Contacts Info, first initials + middle initials + last initials. Differentiated Enterprise Software Investment Strategy. Solamere Capital - Crunchbase Investor Profile & Investments Additional investors which participated in the first closing include the advisory clients of the Hillman Company, Solamere Capital, and investorDavid A. Tepperamong other institutions and individuals. Additional investors which participated in the first closing of Smith Point Capital Fund I include the advisory clients of the Hillman Company, Solamere Capital, and investor David A. Tepper among other institutions and individuals. Solamere Capital LLC: Contact Details and Business Profile - RocketReach Vivint Smart Home. | Terms & Conditions This is a profile preview from the PitchBook Platform. Read the Full Story by Signing In or Sign Up Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. Legal Name SOLAMERE CAPITAL, LLC. https://www.prnewswire.com/news-releases/former-salesforce-co-ceo-keith-block-launches-enterprise-software-investment-firm-smith-point-capital-llc-301806772.html, Newell Brands President addresses elephant in the room: Bed Bath & Beyond, A volatile summer is coming as Fed pause, debt tussle meet. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. "Over the course of my career, I've seen the power of putting the right investment together with the right operational expertise to accelerate growth and build industry-leading businesses," said Keith Block, Founder and CEO of Smith Point. Thiel is known for backing transformational technology companies. The fund is located in Boston, Massachusetts, and will invest in the United States. The company's cloud-based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. Business Services, Consumer Growth, Industrial Growth. With more than one million customers and revenue of more than $650 Year Founded. Boston, MA 02116. million, Vivint is one of the largest and fastest-growing smart home The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. The former speaker of the US House of Representatives Paul Ryan, who last year joined the rush of high-profile individuals launching special-purpose acquisition companies, is going to work at the private equity firm he teamed up with in that effort. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in Lists of Venture Capital and Private Equity Firms. Solamere Capital. Win whats next. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. Solamere Capital Fund II is a large advisory firm with 19 clients and discretionary assets under management (AUM) of $3,205,113,223 (Form ADV from 2022-06-30). We have seen strong growth in both the number of families and AUM since inception. Vivint services, today announced a $100 million equity investment co-led by (d) an investment company registered under Section 8 of the Investment Company Act. The home market will reach $40 billion by 2020. Ou r Network. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. securities in any state or jurisdiction in which such an offer, Here's a list of some of the top trending technologies and APIs used by Solamere Capital. 7th Floor. Mitt Romney's old firm raises $910M | PitchBook Founded by CEOKeith Block, former Co-CEO of Salesforce, together with Burke Norton andChris Lytle, long-time software industry executives and investors, Smith Point Capital focuses on collaborating with, and investing in, the most innovative software businesses to implement revenue growth, innovation, and operational strategies to accelerate financial and market success. Gaebler Ventures. jurisdiction. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Solamere Capital Fund III Profile: Investments & Returns | PitchBook The fund is located in Boston, Massachusetts. including the Amazon Echo and the Nest Learning Thermostat. Dedicated to redefining the home experience with intelligent products The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. The fund is located in Boston, Massachusetts, and will invest in the United States. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. If we are missing a portfolio company, please let us know. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Solamere Capital - Private Equity Firm Profile - Gaebler.com Venture Company Type For Profit. Ryan will join Solamere Capital, a private equity firm founded by Utah Sen. Mitt Romney's son Taggart, as well as Eric Scheuermann and Spencer Zwick, as a partner. Find top employees, contact details and business statistics at RocketReach. Tech Company. All rights reserved. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. | Contact qualification under the securities laws of any such state or Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Smith Point Capital Launches and Holds First Closing of Inaugural Fund View contacts for Solamere Capital to access new leads and connect with decision-makers. Solamere Capital Company Profile | Management and Employees List 2. For more information, visitwww.vivint.com. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. We respect your privacy. Investor in. Copyright 2001-2023. Sign up with your email address to receive news and updates. Prior to Longfellow, he served in various senior executive roles with enterprise software companies and as a Managing Director at Morgan Stanley leading RCL Capital. Get the latest business insights from Dun & Bradstreet. | Disclaimer The firm has a highly differentiated investment strategy: Identifying and collaborating with the most innovative enterprise software companies to implement proven, best-in-class revenue growth,. Tagg Team: The Romney Family Recipe for Crony Capitalism The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. For more information, visit:www.solameregroup.com. Provo, UT 84604 USA . Former election official: Tagg Romney's stake in voting machine firm Solamere Capital Portfolio Investments, Solamere Capital Funds venture capitalist and entrepreneur who co-founded PayPal, Thiel was the The Smith Point team's decades of experience as highly successful enterprise software operators and investors forms the foundation of the firm's differentiated strategy. We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. 2023 PitchBook. Former Salesforce Co-CEO Keith Block Launches Enterprise Software To explore Solamere Capital Fund IIIs full profile, request access.