SP

SSM Partners

North America, Tennessee, United States, Memphis

Description

SSM Partners is a Memphis, Tennessee-based private equity firm with a long-standing history, having been founded in 1994. The firm specializes in providing growth capital to companies primarily within the software, healthcare IT, and tech-enabled business services sectors. Their investment philosophy centers on partnering with strong management teams to help scale businesses and create long-term value. SSM Partners targets companies that have demonstrated significant traction, typically those with annual revenues ranging from $5 million to $20 million, indicating their focus on established, yet growing, enterprises.

As a growth equity investor, SSM Partners typically provides capital for expansion, market penetration, product development, or strategic acquisitions. Their typical first check investment size ranges from $10 million to $30 million, reflecting their commitment to substantial, impactful investments in their portfolio companies. The firm is flexible in its investment structure, considering both minority and majority positions, depending on the specific needs and goals of the company and its founders. This adaptable approach allows them to tailor their involvement to best support the growth trajectory of their partners.

Over its nearly three-decade history, SSM Partners has successfully raised multiple funds, accumulating over $1 billion in total capital committed across its various investment vehicles. Their most recent fund, SSM Partners VIII, closed in 2021 with $275 million in commitments, underscoring their continued ability to attract significant institutional capital. This robust funding base enables SSM Partners to provide not only initial growth capital but also follow-on investments to support their portfolio companies through various stages of expansion. Their consistent fundraises and long operational history solidify their position as a reliable and experienced partner in the growth equity landscape.

Investor Profile

SSM Partners has backed more than 55 startups, with 0 new investments in the last 12 months alone. The firm has led 14 rounds, about 25% of its total and boasts 21 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, France.
  • Strong thematic focus on Software, Health Care, Internet.
  • Typical check size: $10M – $30M.

Stage Focus

  • Series Unknown (35%)
  • Series A (16%)
  • Series B (15%)
  • Series C (13%)
  • Series D (9%)
  • Series E (7%)
  • Private Equity (4%)
  • Seed (2%)

Country Focus

  • United States (98%)
  • France (2%)

Industry Focus

  • Software
  • Health Care
  • Internet
  • Saas
  • Analytics
  • Medical
  • Information Technology
  • Hospital
  • Enterprise Software
  • Telecommunications
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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 SSM Partners frequently co-invest with?

Lovett Miller & Co.
North America, Florida, United States, Jacksonville
Co-Investments: 6
Chrysalis Ventures
North America, Kentucky, United States, Louisville
Co-Investments: 5
Hummer Winblad Venture Partners
North America, California, United States, San Francisco
Co-Investments: 4
CenterPoint Venture Partners
North America, Texas, United States, Dallas
Co-Investments: 5
Austin Ventures
North America, Texas, United States, Austin
Co-Investments: 3
RC Capital
North America, Ohio, United States, Cincinnati
Co-Investments: 3
BC
North America, California, United States, San Mateo
Co-Investments: 3
Noro-Moseley Partners
North America, Georgia, United States, Atlanta
Co-Investments: 13
Madrona
North America, Washington, United States, Seattle
Co-Investments: 3
LE
North America, Georgia, United States, Alpharetta
Co-Investments: 3

Which angels does SSM Partners often collaborate with?

Shared Deals: 1
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by SSM Partners?

One Mnet Health

Aliso Viejo, California, United States

One Mnet Health offers revenue cycle management and technology for the surgical industry.

Document ManagementHealth CareHospitalMedical
Series UnknownJan 28, 2021
KEEPS

Las Vegas, Nevada, United States

KEEPS is an employee evaluation and management software designed to save management time and improve profits.

Information TechnologyManagement Information SystemsSoftware
Series UnknownJan 20, 2021
Amount Raised: $32,885,375
Kukui

San Jose, California, United States

Kukui provides businesses with a custom marketing platform that integrates with each organization's Point of Sale (POS) system.

AdvertisingAdvertising PlatformsMarketingSoftwareWeb Design
Series AJun 4, 2019
Amount Raised: $27,000,000
ProviderTrust

Nashville, Tennessee, United States

ProviderTrust is a software company creating a safer healthcare by delivering automated credential verification and exclusion monitoring.

Enterprise SoftwareHealth CareHuman ResourcesInformation TechnologyMedicalService IndustrySoftware
Series UnknownSep 25, 2018
SmashFly Technologies

Concord, Massachusetts, United States

SmashFly Technologies provides marketing automation for recruiting (Recruitment Marketing).

AnalyticsCollege RecruitingEnterprise SoftwareRecruitingSaaSSocial RecruitingSoftware
Series CMar 1, 2018
Apixio

San Mateo, California, United States

Connected Care Platform at the intersection of health plans and providers

AnalyticsArtificial Intelligence (AI)Health CareInformation Technology
Series DMay 24, 2016
Amount Raised: $19,300,000
GoNoodle

Nashville, Tennessee, United States

GoNoodle gets kids moving to be their smartest, strongest, bravest, silliest, bestest selves.

EducationInternetMedia and Entertainment
Series UnknownDec 8, 2015
Amount Raised: $5,000,000
Zift Solutions

Cary, North Carolina, United States

Zift Solutions is the global leader in Channel Management. Their ZiftONE platform manages the flow from onboarding all the way to sales.

ComputerCRMMarketing AutomationSales AutomationSoftware
Series BSep 9, 2015
Amount Raised: $14,000,000
NovuHealth

Minneapolis, Minnesota, United States

NovuHealth is a consumer health platform that delivers and tracks clinical protocols and healthy outcomes.

Health CareMedicalSoftwareWellness
Private EquityApr 7, 2015
Amount Raised: $20,000,000
DialogTech

Chicago, Illinois, United States

DialogTech provides actionable marketing analytics for businesses that value phone calls.

AnalyticsEnterprise SoftwareMarketing AutomationSaaSSoftwareTelecommunications
Series ESep 11, 2014
Amount Raised: $30,000,000