Savano Capital Partners, a Baltimore, MD-based late stage venture capital firm, closed its third fund, at $157m.
Many of the firm’s existing limited partners participated in Savano Capital Partners III, L.P., along with several new limited partners including leading asset managers, insurance companies, universities, family offices, and foundations. The fund enables the firm to continue offering creative liquidity solutions to founders, employees, and early investors in addition to growth equity to expansion-stage companies.
The vehicle has already invested in 13 companies across multiple software sectors, including cybersecurity, data analytics, fintech, HR tech, and e-commerce.
Led by Tom Smith, Managing Partner, and Matt Good, COO, Savano Capital Partners is a growth equity firm supporting rapidly-growing, late-stage technology and service companies. The firm has invested in nearly 50 companies to date with notable active investments including Jobcase, Automattic, Hackerone, Omaze, Bespoke Post, and Sciencelogic and notable realized investments including Aras, Everquote (Nasdaq: EVER), and Clarabridge (acquired by Qualtrics (Nasdaq: XM)). AUM now exceeds $300m.
Savano also announced the addition of two Vice Presidents to its expanding team – Andrew Seter and Julieanna Wiley. Seter brings a wealth of experience in M&A advisory and corporate strategy. Wiley previously led an outsourced back office team for multiple venture capital firms.