Spectrum Equity’s Parag Khandelwal Named to GrowthCap's 2023 Top 40 Under 40 Growth Investors List for 5th Consecutive Year


Parag Khandelwal, Managing Director of Spectrum Equity, a leading growth equity firm that specializes in partnering with software and data services companies, has been recognized as a Top 40 Under 40 Investor of 2023 by GrowthCap for the 5th consecutive year.

In its tenth year running the Top 40 Under 40 Investors awards, GrowthCap selected awardees based on the depth of their deal experience, ability to help the companies they invest in, collaborative work style, and progression towards firm and industry leadership roles, among other attributes. GrowthCap’s evaluation process involved reviewing feedback on nominees from their colleagues, peers, portfolio company CEOs and others on their various capabilities and performance over time.

“The exceptional individuals being recognized this year have been at the forefront for years, playing lead roles in developing the world of growth equity and growth buyouts into what it has become today,” said the publication.

Parag joined Spectrum Equity in 2012 as an Associate. Now a Managing Director, Parag is head of the firm’s recently launched London office, where he leads a team focused on investments in European software and data services businesses.

Parag has been most active in enterprise software, cybersecurity, and financial technology. Recent representative investments include Benchmark Mineral Intelligence, a UK-based company that specializes in pricing, data and intelligence in the lithium-ion battery and electric vehicle supply chain, and Netcraft, a global leader in cybercrime detection, disruption, and takedowns.

Previously, he was involved in the firm’s investments in BATS Global Markets (acquired by CBOE), RainKing (acquired by DiscoverOrg/ZoomInfo), Verafin (acquired by Nasdaq), and Quantile (acquired by London Stock Exchange Group plc). In addition to Benchmark Mineral Intelligence and Netcraft, he currently serves on the boards of Bitly, Offensive Security, and OurFamilyWizard.

Read more about Parag Khandelwal and his fellow honorees here.

Recognition presented herein are from third parties that are not affiliated with Spectrum Equity, and these third parties independently assess nominees based on based on multiple criteria. Spectrum Equity submitted the nominations to be considered for the GrowthCap Top 40 Under 40 award and has paid a fee to promote/distribute this award after designation was announced. Past performance and such ranking are not a guarantee of future results. There is no guarantee that other designations or rankings would reach the same conclusions. An award may not be representative of a particular investor’s return.

The specific companies identified above do not represent all of Spectrum’s investments, and no assumptions should be made that any investments identified were or will be profitable. View the complete list of our portfolio companies. Spectrum is not responsible for the contents of any third party website linked above, and has not confirmed the accuracy of any information provided therein.