AP NEWS

Polaris Partners Closes Inaugural Growth Fund at $175 Million

August 6, 2018

BOSTON--(BUSINESS WIRE)--Aug 6, 2018--Polaris Partners announced its first and final close for Polaris Growth Fund I, with $175 million to continue the firm’s successful track record of investing in profitable technology companies, including software, Internet and technology-enabled services companies.

The Polaris Growth Fund is led by Managing Partner Bryce Youngren and Partner Dan Lombard. The team has collectively led 15 Polaris growth investments, which have been made from Polaris’ diversified funds. The Polaris Growth team consists of six dedicated professionals with an accomplished track record of investing in later stage technology companies. The fund is also supported by the broader Polaris team and includes limited partner commitments from Managing Partners Brian Chee, Amir Nashat, and Dave Barrett and Polaris Founding Partners Terry McGuire and Jon Flint. Additionally, Brian Chee serves as an active member of the Growth investment committee, along with Youngren and Lombard.

“We are thrilled with the firm’s debut growth fund closing at its hard cap with significant participation from existing Polaris investors,” said Youngren. “We are tremendously thankful to the entrepreneurs and management teams we have partnered with in the past that have helped us get to where we are today, and we look forward to pursuing compelling investment opportunities and partnering with great founders and executives with this new fund.”

Polaris Growth invests in profitable technology companies, including software, Internet and technology-enabled services companies. The firm will continue to partner with fast-growing companies in a variety of industry sub-sectors, including healthcare, education, government, financial services, transportation and logistics. The fund will target investments of $10 - $40 million per company and will focus on businesses in North America. Past portfolio companies include Research Now (sold to Court Square Capital Partners), Digicert (sold to TA Associates), Liaison International (sold to Warburg Pincus), Dealer Spike (sold to True Wind Capital Partners), National Electronic Attachment (sold to Accel-KKR), and Xpressdocs (sold to Reynolds & Reynolds).

Polaris Growth works collaboratively with management teams, provides access to its proprietary network of growth and industry experts, encourages interaction with Polaris’ broad portfolio of investments, and supports add-on acquisitions with firm resources and incremental capital.

About Polaris Partners

Polaris Partners has a 20-plus year history of partnering with repeat entrepreneurs and world-class innovators who are improving the way we live and work. The multibillion-dollar firm manages specialty and diversified funds in healthcare and technology with investments across all stages. Polaris has offices in Boston and San Francisco. Learn more at polarispartners.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180806005116/en/

CONTACT: For Polaris Partners

Matthew Stotts

+1-415-786-2231

matthew@tenorpr.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY PROFESSIONAL SERVICES FINANCE

SOURCE: Polaris Partners

Copyright Business Wire 2018.

PUB: 08/06/2018 10:28 AM/DISC: 08/06/2018 10:28 AM

http://www.businesswire.com/news/home/20180806005116/en

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