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Investor profile

Spectrum Equity

Private Equity, Venture Capital · Founded 1994 · Boston, United States

Growth capital for category-leading software, data, and consumer internet businesses

98 portfolio companies Private Equity, Venture Capital · $7.1B invested · 132 investments · Investor rank #392 · Last investment 3/2026
Portfolio companies 98 ↑ 21% 5y
Decacorns 0
Thoroughbreds 13 ↑ 9% 5y
01 · Biggest holdings

Spectrum Equity’s biggest current holdings.

The most valuable companies Spectrum Equity still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Spectrum Equity directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 LighthouseUnicorn · Travel · UK $2.4B
  2. 2 KajabiUnicorn · Education · USA $2.0B
  3. 3 AwardcoUnicorn · Enterprise Software · USA 7.7% $1.0B $77M
  4. 4 LucidUnicorn · Enterprise Software · USA $1.0B
  5. 5 CyberCubeSecurity · USA $720M
  6. 6 ScribdMedia · USA $232M
  7. 7 Otter.aiMedia · USA $160M
  8. 8 Origami RiskFintech · USA

Estimated value = Spectrum Equity’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →

02 · Exits

Spectrum Equity’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Spectrum Equity’s transaction record.

$13B IPO · 2020
Entered SeedNow $1.5BHealth
$720M IPO · 2001
Entered Series ANow $4.0BSecurity
$2.8B acquisition · 2020
Entered Series B+Fintech
$1.5B IPO · 2018
Entered SeedNow $1.5BMarketing
$1.5B acquisition · 2015
Entered Series AEducation
Ancestry.com
$572M IPO · 2009
Now $1.3BMedia
03 · Portfolio analysis

Where Spectrum Equity’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 98 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA91
  2. UK6
  3. Canada4
  4. Australia2
  5. India1
  6. Ireland1
  7. Netherlands1
  8. Türkiye1
By sectorCount
  1. Enterprise Software25
  2. Fintech24
  3. Health15
  4. Marketing15
  5. Media11
  6. Telecom10
  7. Education8
  8. Transportation6
  9. Energy4
  10. Jobs Recruitment4
  11. Security4
  12. Food3
By stage enteredCount
  1. Series B+77
  2. Series A19
  3. Seed2
By growth stageCount
  1. Breakout Stage46
  2. Late Growth44
  3. Early Growth14
  4. Mature3
04 · Portfolio market map

Inside Spectrum Equity’s portfolio.

The 60 highest-funded portfolio companies, of 98 tracked.

Momentive
Marketing · Unicorn
$1.5B
Kajabi
Education · Unicorn
$2.0B
Lighthouse
Travel · Unicorn
$2.4B
Verafin
Fintech · Unicorn
$2.8B
WeddingWire
Wellness Beauty
$100M
Quavo
Fintech
$30M
Lynda
Education · Unicorn
$1.5B
CyberCube
Security
$720M
SavvyMoney
Fintech
$900M
Awardco
Enterprise Software · Unicorn
$1.0B
Rapid Ratings International
Fintech
AllTrails
Travel
$736M
XR Extreme Reach
Marketing
$36M
Egenera
Hosting
$64M
Headspace Health
Health · Unicorn
$3.0B
Lucid
Enterprise Software · Unicorn
$1.0B
Zenwork
Legal
VBASoftware
Health
$12M
DispatchTrack
Transportation
Intira Corporation
Enterprise Software
$560M
Leaf Group (formerly Demand Media)
Media
$323M
Employee Navigator
Jobs Recruitment
Goldbelly
Food
$400M
Trintech
Fintech
$520M
Network Photonics
Semiconductors
$426M
Adero
Media
$40M
Scribd
Media
$232M
ITA Software
Transportation
Membersy
Health
$264M
Canopy Financial
Health
$250M
Lucid
Energy
$525M
Spreedly
Fintech
$12M
MedHOK
Health
$543M
Empyrean Solutions
Enterprise Software
B-Stock Solutions
Transportation
$28M
Otter.ai
Media
$160M
Prezi
Media
$300M
Ease Entertainment Services
Fintech
$164M
RainKing
Marketing
$268M
NetScreen Technologies
Security · Unicorn
$4.0B
Teachers Pay Teachers
Education
$256M
GoodRx
Health · Unicorn
$1.5B
Ennovate Networks
USA
$236M
Quantile Technologies
Fintech
HealthMEDX
Health
$392M
Ethoca
Fintech
$3.9M
Vendavo
Enterprise Software
$60M
Surebridge
Marketing
$54M
Seamless
Food
$200M
Orblynx
Media
$200M
WIN Reality
Sports
$180M
PicMonkey
Media
$110M
Getworkflex
Jobs Recruitment
Lucid Software
India
$144M
180Solutions
Marketing
$160M
Interbank FX
Fintech
$160M
SponsorUnited
Marketing
$100M
Varicent Software
Fintech
Splose
Health
$119M
Ancestry.com
Media · Unicorn
$1.3B
05 · Portfolio founders

Where Spectrum Equity’s portfolio founders come from.

86 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States62
  2. United Kingdom5
  3. Ireland4
  4. Canada3
  5. Hungary3
  6. Australia2
  7. Germany2
  8. Argentina1
  9. India1
  10. Netherlands1
UniversityCount
  1. Stanford University3
  2. University of California, Berkeley3
  3. University of Wisconsin-Madison3
  4. Dartmouth College2
  5. Harvard Business School2
  6. KTH Royal Institute of Technology2
  7. KU Leuven2
  8. Massachusetts Institute of Technology2
  9. Temple University2
  10. Tufts University2
Previous companyCount
  1. Alphabet | Google4
  2. Bank of America3
  3. Start-Up Chile3
  4. Morgan Stanley2
  5. Pressure Pipe Inspection Company2
  6. PwC2
  7. Qualtrics2
  8. Stanford University2
  9. Yahoo!2
  10. AB InBev1