Spectrum Equity is delighted to announce that Ben Spero has been selected as a GrowthCap Top 25 Software Investor of 2022.
GrowthCap selected nominees based on the quality of the feedback they received from firm colleagues, portfolio company CEOs, and/or peers in the industry. The most highly endorsed were then selected for final rounds where they were further evaluated based on breadth of deal experience, recent investments and exits, demonstrated leadership, and uniqueness of capabilities, among other attributes.
Although several hundred firms were originally considered at the start of this awards process, only 65 remained in the final rounds.
The publication stated, "This is our fourth year running these awards and what has become apparent over time is that while there are thousands of investors in the software space, the ability to produce solid consistent performance seems to be concentrated among a select group of firms."
Ben Spero is a Managing Director and co-head of Spectrum Equity, a leading growth equity firm that specializes in partnering with internet-based software and data services companies. Ben joined Spectrum in 2001 and has been instrumental in shaping the firm’s culture and investment strategy. Ben has spearheaded the firm’s investments in online marketplaces, consumer subscriptions, and product-led growth software. Representative investments include AllTrails, Ancestry, Grubhub, Headspace Health, Lucid Software, Momentive (formerly known as SurveyMonkey), and The Knot Worldwide. He also has extensive experience in company building and has guided M&A, global expansion, and IPOs across the Spectrum portfolio.
Prior to joining Spectrum, he was a consultant at Bain & Company and co-founded a venture-backed startup. He is Board Chair at Destination: Home, a public private partnership to end homelessness in Santa Clara County, and is a board member at Tipping Point Community. Ben received an AB, magna cum laude, from Duke University.
“At Spectrum, we are privileged to work closely with extraordinary founders and management teams who are transforming the way consumers, small businesses, and large enterprises connect, process, and consume information. The most rewarding part of our jobs is partnering with our teams to help build category-leading companies.”—Ben Spero