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Primus Capital Partners

North America, Ohio, United States, Cleveland

Description

Primus Capital Partners is a seasoned growth-oriented private equity firm based in Cleveland, Ohio, with an additional office in Atlanta, Georgia. Established in 1983, the firm boasts a long and consistent track record in the private equity landscape, specializing in providing growth capital to companies poised for significant expansion. Their investment strategy is primarily centered on partnering with leading businesses within the healthcare, software, and technology-enabled services sectors.

The firm's investment philosophy revolves around identifying and supporting companies that have achieved a proven business model, often characterized by strong recurring revenue streams and a clear path to market leadership. Primus typically targets companies with enterprise values ranging from $50 million to $300 million, seeking to provide the necessary capital and strategic guidance to accelerate their growth trajectories. They emphasize a collaborative approach, working closely with management teams to navigate market challenges and capitalize on opportunities.

Primus Capital's typical equity investment in a growth-oriented company ranges from $20 million to $70 million. This substantial check size allows them to be a significant partner in their portfolio companies' development, facilitating initiatives such as product innovation, market expansion, and strategic acquisitions. Over their more than 40-year history, Primus has invested in over 70 companies, demonstrating their deep sector expertise and commitment to fostering long-term value creation. Their focus remains on businesses that leverage technology to deliver critical services or solutions, ensuring a robust and resilient portfolio.

Investor Profile

Primus Capital Partners has backed more than 25 startups, with 1 new investments in the last 12 months alone. The firm has led 19 rounds, about 76% of its total and boasts 11 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Series Unknown, Series B rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Software, Health Care, Information Technology.
  • Typical check size: $20M – $70M.

Stage Focus

  • Private Equity (60%)
  • Series Unknown (24%)
  • Series B (12%)
  • Undisclosed (4%)

Country Focus

  • United States (100%)

Industry Focus

  • Software
  • Health Care
  • Information Technology
  • Enterprise Software
  • Medical
  • Sales
  • Saas
  • E-commerce
  • Internet
  • Cloud Computing
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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 Primus Capital Partners frequently co-invest with?

B&
North America, New York, United States, New York
Co-Investments: 1
AP
North America, New York, United States, New York
Co-Investments: 1
Bain Capital
North America, Massachusetts, United States, Boston
Co-Investments: 1
NewSpring
North America, Pennsylvania, United States, Radnor
Co-Investments: 1
Galbreath and Company
North America, Indiana, United States, Winamac
Co-Investments: 1
First Analysis
North America, Illinois, United States, Chicago
Co-Investments: 1
Armentum Partners
North America, California, United States, San Francisco
Co-Investments: 1
CBS Corporation
North America, New York, United States, New York
Co-Investments: 1
OV
North America, California, United States, Palo Alto
Co-Investments: 1
LLR Partners
North America, Pennsylvania, United States, Philadelphia
Co-Investments: 1

Which angels does Primus Capital Partners often collaborate with?

RB
North America, Massachusetts, United States, Boston
Shared Deals: 1
BG
North America, Illinois, United States, Oak Brook
Shared Deals: 1

What are some of recent deals done by Primus Capital Partners?

MDaudit

Waltham, Massachusetts, United States

MDaudit provides a platform for billing compliance, coding accuracy, and revenue integrity in healthcare, using AI.

BillingComplianceFinTechSoftware
Private EquityJan 8, 2025
Prendio

Woburn, Massachusetts, United States

Prendio provides a procurement solution for laboratory environments including biotechnology, pharmaceutical and other research labs.

BiotechnologyMedicalPharmaceuticalSoftware
Private EquityOct 18, 2023
Ordergroove

New York, New York, United States

Ordergroove is a subscription-based e-commerce platform for retailers and direct-to-consumer brands.

Artificial Intelligence (AI)B2BE-CommerceEnterprise SoftwareSubscription Service
Private EquityNov 10, 2022
Amount Raised: $100,000,000
CORL Technologies

Atlanta, Georgia, United States

CORL Technologies is an IT solutions company and an innovative and leading provider of Vendor Security Risk Management solutions.

Information TechnologySoftware
Private EquityJan 5, 2022
Meditology Services

Atlanta, Georgia, United States

Meditology Services is an IT company that provides security and privacy risk assessment solutions.

Cyber SecurityInformation TechnologySecurity
Private EquityJan 5, 2022
Ambition

Chattanooga, Tennessee, United States

Ambition is an enterprise software company building the world's first modern sales management platform. Endorsed by Harvard Business Review.

Enterprise SoftwareGamificationSaaSSalesSoftware
Series BOct 7, 2021
Amount Raised: $15,500,000
Bloomfire

Austin, Texas, United States

Bloomfire is a knowledge sharing platform that enables employees to quickly find the information they need to do their jobs.

Customer ServiceKnowledge ManagementMarket ResearchSalesSoftwareTrainingVideo
Private EquityAug 16, 2021
Rev.io

Atlanta, Georgia, United States

Rev.io is a SaaS recurring revenue & customer management platform.

AccountingBillingBusiness IntelligenceEnterprise SoftwareFinanceInternet of ThingsSaaSSoftware
Private EquitySep 8, 2020
TrackVia

Denver, Colorado, United States

TrackVia®, the leading low-code workflow platform for operations.

AppsBusiness Process Automation (BPA)Data IntegrationDeveloper ToolsEnterprise SoftwareInformation TechnologyInternetMobileMobile AppsTask Management
Series UnknownApr 11, 2019
Harmony Healthcare IT

South Bend, Indiana, United States

Harmony Healthcare IT provide technology for healthcare organizations that safeguards information, ensures cashflow & increase productivity.

Health CareInformation TechnologySoftware
Private EquityMar 20, 2019