Wavecrest Growth Partners

Wavecrest Growth Partners is a Boston-based growth equity firm dedicated to investing in high-growth, profitable business-to-business (B2B) technology companies. Founded with a clear mandate to support established software and tech-enabled service businesses, the firm focuses on providing capital and strategic guidance to companies poised for significant expansion without necessarily requiring venture-style risk. Their investment philosophy centers on partnering with management teams to accelerate growth, optimize operations, and enhance market leadership.

The firm typically targets companies that have achieved a certain level of maturity and demonstrated profitability. Specifically, Wavecrest seeks out B2B technology companies generating between $10 million and $50 million in annual revenue. Their initial equity investments generally range from $10 million to $50 million, providing substantial capital for product development, market expansion, and strategic acquisitions. This focused approach allows them to engage deeply with portfolio companies, leveraging their operational expertise to drive value creation.

Wavecrest Growth Partners has demonstrated a strong fundraising track record, underscoring investor confidence in their strategy. As of March 2024, the firm successfully closed its fourth fund, Wavecrest Growth Partners IV, with commitments totaling $600 million. This significant capital raise brings their total capital under management across all funds to approximately $1.3 billion. The consistent growth in fund sizes reflects their successful execution of a disciplined investment strategy within the B2B technology landscape.

The firm's portfolio spans various sub-sectors within B2B technology, including enterprise software, cybersecurity, fintech, and healthcare IT. They emphasize long-term partnerships, working closely with founders and management teams to navigate growth challenges and capitalize on market opportunities. Their commitment to growth-stage companies, coupled with a focus on profitability, positions them as a strategic partner for B2B tech businesses looking to scale efficiently.