A New Growth Equity Outfit, Camber Partners, Just Raised $100 Million To Buy Stranded Saas Startups
12/13/21, 11:28 PM
Location
Money raised
$100 million
Industry
financial services
In recent years, we’ve seen enterprise software companies grow faster and more valuable than ever. Still, most startups never reach that kind of escape velocity, with many of plodding along while their venture backers — who are returning to market faster and raising bigger funds — move on to newer, shinier objects.
Company Info
Location
san francisco, california, united states
Additional Info
There is so much opportunity for PE firms, in fact, that according to the Financial Times, the software-focused buyout firm Thoma Bravo plans to raise up to $35 billion for its next fund. Irwin says he founded Camber Partners largely out of aggravation with the current venture environment, which requires that startups scale up unnaturally fast in order for VCs to return the massive amounts of capital they’ve been raising in recent years. Among them is Camber Partners, a San Francisco-based growth equity firm founded last year by investor Scott Irwin, long of the venture firm Rembrandt Venture Partners.