Silversmith Capital Partners

Silversmith Capital Partners is a growth equity investment firm based in Boston, Massachusetts. It was founded in 2015 by alumni from Bain Capital and Spectrum Equity, and closed its first fund that year, a $460 million fund to invest in technology and healthcare businesses. In January 2018, Silversmith raised its second growth equity fund, a $670 million fund and in September 2020, raised its third growth equity fund, an $880 million fund.[1]

Silversmith Capital Partners
TypePrivate
FoundedBoston, Massachusetts, United States (2015)
FounderJeff Crisan, Todd MacLean, Jim Quagliaroli, Lori Whelan
HeadquartersBoston, Massachusetts
Key people
Jeff Crisan, Managing Partner
Todd MacLean, Managing Partner
Jim Quagliaroli, Managing Partner
Lori Whelan, Chief Operating Partner, CFO
ProductsSaaS & Information Services, Healthcare IT & Services
Websitehttp://www.silversmithcapital.com

History

Silversmith Capital Partners was launched in 2015 by Todd MacLean and Jeff Crisan, former managing directors with Bain Capital Ventures, Jim Quagliaroli, former managing director of Spectrum Equity, and Lori Whelan, a former Bain & Company consultant.[2]

Investments

Companies Silversmith Capital Partners has invested in include Appfire,[3] Absorb LMS,[4] ActiveCampaign,[5] BHE,[6] Centauri Health Solutions,[7] Digital Map Products,[8] Impact Radius,[9] LifeStance Health,[10] Nordic Consulting Partners,[11] PDFTron,[12] Partners Surgical,[13] RedAwning,[14] Social Sentinel, DaVinci Payments,[15] Validity,[16] DistroKid,[17] Sound Physicians,[18] MediQuant,[19] Unily,[20] Upperline Health,[21] Webflow,[22] Within3,[23] Iodine Software, and Net Health.

References
  1. "Silversmith Capital Partners Raises $880 Million for Third Growth Equity Fund". www.businesswire.com. 2020-09-29. Retrieved 2020-09-29.
  2. "Silversmith Capital launches with $460 million growth equity fund". Fortune.com. 2015-09-08. Retrieved 2016-12-29.
  3. "Appfire Secures $49M in First Institutional Funding led by Silversmith Capital Partners". www.businesswire.com. 2020-06-09. Retrieved 2020-09-29.
  4. "Absorb Software Received $59 million growth investment led by Silversmith Capital Partners" (PDF). silversmithcapital.com. 2017-09-06. Retrieved 2017-10-26.
  5. "Chicago software company gets $20 million". chicagobusiness.com. 2016-10-11. Retrieved 2016-12-29.
  6. BHE. "BHE Secures $78 Million in Growth Funding Led by Silversmith Capital Partners and LTP". www.prnewswire.com. Retrieved 2020-03-14.
  7. "Scottsdale health IT firm secures $50M investment". bizjournals.com. 2016-05-31. Retrieved 2016-12-29.
  8. "Digital Map Products Gets $36.3M". socaltech.com. 2016-09-15. Retrieved 2016-12-29.
  9. "Impact Radius Secures $30 Million in Growth Funding from Silversmith Capital Partners" (PDF). silversmithcapital.com. 2016-06-08. Retrieved 2017-10-26.
  10. "LifeStance Health Enters the Behavioral Healthcare Arena in Partnership with Summit Partners and Silversmith Capital Partners" (PDF). silversmithcapital.com. 2015-12-02. Retrieved 2017-10-26.
  11. "Nordic, Its Employees Benefit from Silversmith Capital Partners Investment" (PDF). silversmithcapital.com. 2016-10-13. Retrieved 2017-10-26.
  12. Falconer, Kirk (2019-05-22). "Silversmith Capital invests $71 mln in growth of PDFTron Systems". PE Hub. Retrieved 2020-03-14.
  13. "Ned and Robert Schwing Join with Silversmith Capital Partners to Form New Platform: Partners Surgical Corporation" (PDF). 2017-01-06. Retrieved 2017-10-26.
  14. "RedAwning.com Secures $40 Million Growth Equity Investment Led by Silversmith Capital Partners to Expand Global Vacation Rental Network" (PDF). silversmithcapital.com. 2017-08-08. Retrieved 2017-10-26.
  15. "Swift Prepaid Solutions to Become daVinci Payments". www.paymentsjournal.com. Retrieved 2020-03-14.
  16. https://www.pehub.com/2018/05/silversmith-capital-backs-validity/
  17. https://www.billboard.com/articles/business/8479272/distrokid-investment-silversmith-capital-partners
  18. https://www.forbes.com/sites/elliekincaid/2018/12/28/the-ten-biggest-private-equity-deals-in-healthcare-in-2018/#490b1fec773b
  19. https://www.crainscleveland.com/health-care/significant-investment-will-accelerate-mediquants-growth-plans
  20. FinSMEs (2019-06-20). "Unily Raises $68m in Funding". FinSMEs. Retrieved 2020-03-14.
  21. https://www.cbinsights.com/company/upperline-health
  22. "Webflow's next chapter: multiplying the internet's potential | Webflow Blog". webflow.com. Retrieved 2020-03-14.
  23. "Within3 Raises over $100 Million in Growth Funding to Fuel Rapid Global Expansion". www.businesswire.com. 2020-09-24. Retrieved 2020-09-29.
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