
Parag Khandelwal
Managing Director
Parag is a Managing Director at Spectrum, where he leads investment efforts in Europe and heads up the Europe Office, based in London.
Parag joined Spectrum in 2012, and has led key investments in companies such as Netcraft and Benchmark Mineral Intelligence. He’s helped cultivate Spectrum Equity’s international presence, having opened the Europe Office and completed investments in 9 countries.
Prior to joining Spectrum, Parag worked in investment banking at J.P. Morgan in their Restructuring Group. He received a BA from Northwestern University.
Representative Investments

Bats Global Markets is a leading operator of exchanges for global financial markets.
Acquired by CBOE

Benchmark Mineral Intelligence provides intelligence for the electric vehicle and energy storage supply chain.

Bitly is an enterprise-grade link management and analytics platform.

Digital Marketing Institute (DMI) is a digital marketing education platform and certification body.
Acquired by BPP

In Tandem’s brands streamline routines, offer resources and guidance, and promote peace‑of‑mind for families.

Netcraft detects and disrupts cybercrime globally for corporations, banks, and governments.

OffSec is the leading provider of cybersecurity workforce development training and professional education.
Acquired by Leeds Equity Partners

Origami Risk provides risk management and core processing software for the insurance industry.

Quantile provides portfolio risk optimization software for the global financial market.
Acquired by London Stock Exchange

RainKing provides sales intelligence information on technology, marketing and finance decision makers.
Acquired by Zoominfo/DiscoverOrg

Verafin provides fraud detection and anti-money laundering software for financial institutions.
Acquired by Nasdaq
Related Insights and News

Benchmark Mineral Intelligence: Enabling the Energy Transition
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Netcraft: Automating Cybercrime Detection and Defense at Scale
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SponsorUnited: Leading Vertical Data Asset for the Sponsorship Deals Ecosystem
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Andy Miller named as new CEO of Benchmark Mineral Intelligence
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Parag Khandelwal and Michael Radonich Named to GrowthCap 40 Under 40 List
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Benchmark Mineral Intelligence to Take on First Investment from Spectrum Equity
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Financial Risk Solution Provider Quantile is Acquired by London Stock Exchange Group plc
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Spectrum Equity Announces 2023 Promotions
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Spectrum Equity’s John Connolly and Parag Khandelwal Named to GrowthCap’s 2022 Top 40 Under 40 Growth Investors List
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