Summit Partners

Summit Partners was founded in 1984 by Roe Stamps and Stephen Woodsum, who previously worked together at TA Associates.{{Cite web|title=Kellogg World Alumni Magazine, Summer 2009, Kellogg School of Management|url=https://www.kellogg.northwestern.edu/kwo/sum09/alumni/swoodsum.htm|access-date=May 26, 2021|website=www.kellogg.northwestern.edu|archive-date=May 26, 2021|archive-url=https://web.archive.org/web/20210526172117/https://www.kellogg.northwestern.edu/kwo/sum09/alumni/swoodsum.htm|url-status=live}} Greg Avis would also join as a co-founder shortly after. The firm is considered one of the earliest private equity firms to focus on growth investing.

In 2000, the three co-founders handed over daily management of the firm to five partners.

In 2015, the firm acquired Alydar Capital. It now operates as the public equity investment arm of Summit Partners.{{Cite web |title=SEC FORM 13F-HR |url=https://www.sec.gov/Archives/edgar/data/1279895/000117266115001081/xslForm13F_X01/primary_doc.xml |url-status=live |archive-url=https://web.archive.org/web/20210526180522/https://www.sec.gov/Archives/edgar/data/1279895/000117266115001081/xslForm13F_X01/primary_doc.xml |archive-date=May 26, 2021 |access-date=May 26, 2021 |website=www.sec.gov}}

In January 2024, it was reported that Summit Partners' credit arm ceased making new investments after it struggled with its latest fundraising due to poor performance of its credit funds. The credit business is seen as an awkward fit for Summit Partner which focuses on growth equity and the firm had previously tried to sell credit business in the previous year.{{Cite news |last=James |first=Rod |date=2024-01-04 |title=Summit Partners Halts New Deals in Booming Credit Market |url=https://www.wsj.com/articles/summit-partners-halts-new-deals-in-booming-credit-market-7895624b |access-date=2025-02-07 |work=Wall Street Journal |language=en-US |issn=0099-9660 |archive-date=October 4, 2024 |archive-url=https://web.archive.org/web/20241004215218/https://www.wsj.com/articles/summit-partners-halts-new-deals-in-booming-credit-market-7895624b |url-status=live }}

Summit Partners is headquartered in Boston with additional offices in Menlo Park, London and Luxembourg.

Summit Partners has three main business lines, which are:

• Growth & Venture
• Credit
• Public Equity

The firm typically invests in later-stage companies that have already been established with the objective of providing further growth. Its private equity investments typically range from $30 million to $500 million each, while its venture capital investments range from $5 million to $30 million each. The firm also provides debt financing as well as public equities' investment services.

Notable investments made by Summit Partners include Uber,{{cite web |title=Uber Raises Giant $1.2 Billion Funding Round At A $17 Billion Valuation |url=https://techcrunch.com/2014/06/06/uber-1-2b/ |website=TechCrunch |date=June 6, 2014 |access-date=May 25, 2021 |archive-date=May 25, 2021 |archive-url=https://web.archive.org/web/20210525165413/https://techcrunch.com/2014/06/06/uber-1-2b/ |url-status=live }} McAfee, Avast,{{cite web |title=Summit Partners Pumps $100 Million Into Antivirus Software Maker AVAST Software |url=https://techcrunch.com/2010/08/23/summit-partners-avast-software/ |website=TechCrunch |date=August 23, 2010 |access-date=May 25, 2021 |archive-date=May 25, 2021 |archive-url=https://web.archive.org/web/20210525165415/https://techcrunch.com/2010/08/23/summit-partners-avast-software/ |url-status=live }} Infor,{{cite web |title=Infor Raises More Money, Finally Completes Lawson Transaction |url=https://www.itjungle.com/2012/04/09/tfh040912-story07/ |website=IT Jungle |date=April 9, 2012 |access-date=May 25, 2021 |archive-date=May 25, 2021 |archive-url=https://web.archive.org/web/20210525165414/https://www.itjungle.com/2012/04/09/tfh040912-story07/ |url-status=live }} Flow Traders,{{cite web |date=June 4, 2008 |title=Summit Partners invests in electronic trading firm Flow Traders |url=https://www.hedgeweek.com/2008/06/04/summit-partners-invests-electronic-trading-firm-flow-traders |website=www.hedgeweek.com |language=en}} Doctrine{{cite web |date=2023-04-11 |title=Legaltech : Doctrine rachetée par le fonds américain Summit Partners |url=https://www.lesechos.fr/start-up/deals/legaltech-doctrine-rachetee-par-le-fonds-americain-summit-partners-1933660 |url-status=live |archive-url=https://web.archive.org/web/20240829124959/https://www.lesechos.fr/start-up/deals/legaltech-doctrine-rachetee-par-le-fonds-americain-summit-partners-1933660 |archive-date=29 August 2024 |access-date=2024-08-29 |website=Les Echos |language=fr}} and Lifestance Health.{{Cite web |last=Landi |first=Heather |date=2021-06-15 |title=Mental health provider LifeStance Health valued at more than $7B as stock jumps following IPO {{!}} Fierce Healthcare |url=https://www.fiercehealthcare.com/tech/lifestance-health-valued-at-more-than-7b-as-stock-jumps-following-ipo |access-date=2025-03-06 |website=www.fiercehealthcare.com |language=en}}

{{reflist}}

• [https://www.summitpartners.com/ www.summitpartners.com] (company website)

{{Private equity and venture capital}}

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Category:Financial services companies established in 1984

Category:Financial services companies based in Massachusetts

Category:Companies based in Boston

Category:Private equity firms of the United States

Category:Venture capital firms of the United States