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Mainsail Partners

North America, California, United States, San Francisco

Description

Mainsail Partners is a San Francisco-based growth equity firm specializing in investments in bootstrapped business-to-business (B2B) software companies. Established with a unique focus on profitable, founder-owned businesses that have not previously raised institutional capital, Mainsail provides both capital and strategic operational support to accelerate growth. The firm manages over $2.2 billion in committed capital, demonstrating its significant presence and capacity within the growth equity landscape.

Mainsail's investment strategy is centered on partnering with founders who seek to scale their operations without relinquishing full control. They typically make equity investments ranging from $25 million to $150 million, targeting companies with strong recurring revenue and a proven product-market fit. While they are flexible in taking either minority or majority stakes, their core value proposition lies in their ability to provide hands-on operational guidance rather than just capital infusion.

A key differentiator for Mainsail is its dedicated "Mainsail Growth Team," a group of in-house experts who work directly with portfolio companies across various functions, including sales, marketing, product, finance, and talent acquisition. This operational support is designed to help founders professionalize their businesses, optimize processes, and achieve sustainable growth. The firm has a track record of successfully partnering with over 70 software companies, assisting them in navigating the complexities of scaling and preparing for future liquidity events. Their long-term partnership approach emphasizes building enduring value and supporting founders through their growth journey.

Investor Profile

Mainsail Partners has backed more than 43 startups, with 7 new investments in the last 12 months alone. The firm has led 36 rounds, about 84% of its total and boasts 15 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Series Unknown, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Software, Information Technology, SaaS.
  • Led 7 rounds in the past year.
  • Typical check size: $25M – $150M.

Stage Focus

  • Private Equity (56%)
  • Series Unknown (42%)
  • Series C (2%)

Country Focus

  • United States (95%)
  • Canada (2%)
  • United Kingdom (2%)

Industry Focus

  • Software
  • Information Technology
  • Saas
  • Health Care
  • Enterprise Software
  • Compliance
  • Business Intelligence
  • Information Services
  • Cyber Security
  • Enterprise Resource Planning (Erp)
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Mainsail Partners frequently co-invest with?

Shea Ventures
North America, California, United States, Walnut
Co-Investments: 1
Wasatch Ventures
North America, Utah, United States, Logan
Co-Investments: 1
JMI Equity
North America, Maryland, United States, Baltimore
Co-Investments: 1
Camden Partners
North America, Maryland, United States, Baltimore
Co-Investments: 1

Which angels does Mainsail Partners often collaborate with?

SN
North America, California, United States, Palo Alto
Shared Deals: 1

What are some of recent deals done by Mainsail Partners?

ChiroHD

Marietta, Georgia, United States

ChiroHD is a cloud-based EHR company focusing on the chiropractic space.

ComputerHealth CareSoftware
Private EquityApr 29, 2025
Amount Raised: $26,000,000
Inn-Flow

Cary, North Carolina, United States

Inn-Flow is revolutionizing the hospitality industry by providing hoteliers with best-in-class hotel accounting and management software.

HospitalitySoftware
Private EquityMar 14, 2025
Amount Raised: $45,000,000
Skimmer

Austin, Texas, United States

Skimmer is an IT company that specializes in pool service software and pool services.

Information TechnologyService IndustrySoftware
Private EquityOct 17, 2024
Amount Raised: $74,000,000
MirrorWeb

Manchester, Manchester, United Kingdom

MirrorWeb is an archiving and communications surveillance platform for governments, banks, and financial industries.

Archiving ServiceComplianceSocial MediaSoftware
Private EquitySep 5, 2024
Amount Raised: $63,000,000
RentVine

Estero, Florida, United States

RentVine is a free software to help landlords advertise rentals, screen tenants, create leases, collect payments, and more.

AdvertisingMarketingReal EstateSoftware
Private EquityAug 26, 2024
Amount Raised: $74,000,000
Innergy

Sauk Rapids, Minnesota, United States

Innergy provides business intelligence and ERP solutions for woodworking, custom manufacturing and millwork sectors.

Business IntelligenceEnterprise Resource Planning (ERP)ManufacturingSoftware
Series UnknownAug 1, 2024
Amount Raised: $44,000,000
Innergy

Austin, Texas, United States

Innergy provides business intelligence and ERP solutions for woodworking, custom manufacturing and millwork sectors.

Business IntelligenceEnterprise Resource Planning (ERP)ManufacturingSoftware
Private EquityAug 1, 2024
Amount Raised: $44,000,000
Fullbay

Phoenix, Arizona, United States

Fullbay offers fleet maintenance and management software to automate the operations of heavy-duty repair shops.

AutomotiveBusiness Process Automation (BPA)SaaSSoftware
Private EquityJul 22, 2024
Apptega

Atlanta, Georgia, United States

Apptega helps companies build, manage and report on their cybersecurity programs.

Cloud ComputingComplianceCyber Security
Series UnknownApr 30, 2024
Amount Raised: $15,000,000
Teamfront

Austin, Texas, United States

Teamfront, a leading provider of business management software, payments solutions, and services.

Software
Private EquityFeb 7, 2024