Over the course of Spectrum’s 25 year history, we occasionally have the opportunity to forge especially long-term partnerships with companies that extend beyond typical private equity investment timelines.
While each of these investments – Ancestry, Definitive Healthcare, SurveyMonkey, Trintech and The Knot Worldwide among others in our portfolio – has usually required some creativity and flexibility to extend our investment hold period, it has always been in the context of deeply-rooted conviction in a category defining company and team, and a really compelling growth opportunity.
We are thrilled to add Verafin to the list of companies where we have leaned in to ‘going long’ alongside the management team.
CEO Jamie King and the rest of the Verafin team have built a very special business that we’ll expand on in the coming weeks in a more fulsome blog post, but for now we wanted to express our gratitude to the team for all that they have accomplished to date, and relay our enthusiasm for what we believe is going to be a very exciting next chapter.
For more information on Spectrum Equity’s new investment in Verafin, please read the press release.