Year in review

2024 was an extraordinary year at Spectrum. We celebrated our 30th anniversary and had one of the strongest years of liquidity in our history. Our portfolio companies continued to demonstrate strong financial performance in the face of difficult industry headwinds, and in partnership with our management teams, we completed a number of acquisitions and made key executive hires and board appointments. We were also thrilled to welcome several exciting new investments to the Spectrum family.

Throughout the year, we brought portfolio leaders together to learn and share via workshops, mentorships, and multi-day, in-person summits. We also grew the Spectrum team, celebrated our colleagues for promotions and achievements, and gave back to our communities across Boston, San Francisco, and London.

As we dive into 2025, we extend our heartfelt thanks to everyone who contributed to the growth of our partnership in 2024 – to our portfolio founders, executives, and board members; to our limited partners; and to our team across the globe.

Spectrum Named an Inc. Founder-Friendly Investor
  • Investments
  • Liquidity
  • Portfolio Growth
  • Recognition
  • Team
  • Our Strategy

4 New Investments

CINC Systems
Community association accounting management software
User experience design intelligence
Gaming software
Payroll software
CINC Systems
Community association accounting management software
User experience design intelligence
Gaming software
Payroll software
CINC Systems
Community association accounting management software
User experience design intelligence
Gaming software
Payroll software

Portfolio Growth

M&A
Four companies completed five acquisitions, expanding their product offerings, teams, and customer footprint.
Benchmark
+
Rho Motion
In Tandem
+
FamilyWall
Lighthouse
+
Stardekk
Lighthouse
+
HQ revenue
TKWW
+
SimplyEloped
Benchmark
+
Rho Motion
In Tandem
+
FamilyWall
Lighthouse
+
Stardekk
Lighthouse
+
HQ revenue
TKWW
+
SimplyEloped
Benchmark
+
Rho Motion
In Tandem
+
FamilyWall
Lighthouse
+
Stardekk
Lighthouse
+
HQ revenue
TKWW
+
SimplyEloped
Voices from our portfolio
Shannon Wheeler
Shannon Wheeler
General Counsel
"When I don't know who to ask, I start with Spectrum. They've supported me through the big things and small -- their legal team can invariably point me in the right direction, or connect me to the person who can."
Tenstreet
Emily Markmann
Emily Markmann
Chief People Officer
"From the start, Spectrum was integral in connecting me to the right people, including companies 'ahead of us' in terms of size or evolution. I'm now paying that forward with new leaders -- that's the spirit Spectrum has fostered."
The Knot Worldwide
Dena Singleton
Dena Singleton
Chief Human Resources Officer
"It's a two-way partnership. Spectrum's talent team isn't just providing resources; they're looking for my input, and putting my feedback to work."
Kajabi
Gautum Kumar
Gautum Kumar
CFO
"Spectrum's experts fill the gaps on our growing leadership team -- especially when it comes to legal, tax, and M&A. And as board members, they're terrific problem solvers -- they have great intuition and know exactly when to push."
In Tandem
Shannon Wheeler
Shannon Wheeler
General Counsel
"When I don't know who to ask, I start with Spectrum. They've supported me through the big things and small -- their legal team can invariably point me in the right direction, or connect me to the person who can."
Tenstreet
Emily Markmann
Emily Markmann
Chief People Officer
"From the start, Spectrum was integral in connecting me to the right people, including companies 'ahead of us' in terms of size or evolution. I'm now paying that forward with new leaders -- that's the spirit Spectrum has fostered."
The Knot Worldwide
Dena Singleton
Dena Singleton
Chief Human Resources Officer
"It's a two-way partnership. Spectrum's talent team isn't just providing resources; they're looking for my input, and putting my feedback to work."
Kajabi
Gautum Kumar
Gautum Kumar
CFO
"Spectrum's experts fill the gaps on our growing leadership team -- especially when it comes to legal, tax, and M&A. And as board members, they're terrific problem solvers -- they have great intuition and know exactly when to push."
In Tandem
Shannon Wheeler
Shannon Wheeler
General Counsel
"When I don't know who to ask, I start with Spectrum. They've supported me through the big things and small -- their legal team can invariably point me in the right direction, or connect me to the person who can."
Tenstreet
Emily Markmann
Emily Markmann
Chief People Officer
"From the start, Spectrum was integral in connecting me to the right people, including companies 'ahead of us' in terms of size or evolution. I'm now paying that forward with new leaders -- that's the spirit Spectrum has fostered."
The Knot Worldwide
Dena Singleton
Dena Singleton
Chief Human Resources Officer
"It's a two-way partnership. Spectrum's talent team isn't just providing resources; they're looking for my input, and putting my feedback to work."
Kajabi
Gautum Kumar
Gautum Kumar
CFO
"Spectrum's experts fill the gaps on our growing leadership team -- especially when it comes to legal, tax, and M&A. And as board members, they're terrific problem solvers -- they have great intuition and know exactly when to push."
In Tandem
Refer below for disclosures
Recruiting
47
Closed searches across 28
companies
90%
C-Suite hires & Board
appointments
Portfolio Events
Finance, Legal, and People Leaders Summit

Over 60 Finance, People, and Legal leaders gathered for the 2024 Spectrum Equity Leadership Summit, a biennial event where Finance, People, and Legal leaders from the portfolio come together to share insights, collaborate, and enjoy each other’s company. Over the two days, the group participated in panels and breakout sessions with their peers, and heard from outside experts on timely topics. (They also found time to socialize over rounds of pickleball, hiking, golf, and yoga.)


If the post-event surveys (and photographs) are to be believed, the most valuable aspect of the summit was the opportunity to connect: leaders attended from 27 different companies, representing a range of size, stage, and past experiences to draw from. Below is a summary of the event’s panels, sessions, and discussion topics, all brought to life by the group’s dynamism and curiosity.” Read more about the Summit here.

Portfolio Leader Workshops & Round Tables
Throughout the year, leaders from our portfolio learn, troubleshoot, and connect in function-specific round tables and workshops.
Recent topics have included product-led growth, annual planning, and leadership development.

Recognitions

Portfolio Recognition

Team

We were thrilled to welcome several new additions and extend congratulations on well-deserved investment team promotions.
Promotion
Emily Calkinsto Principal
Promotion
Kevan Olanderto Principal
Promotion
Annaliesa Routhto Principal
Promotion
Clay McCollumto Vice President
Promotion
Philip Rasanskyto Vice President
Promotion
Anna Yuto Senior Associate
Promotion
Georgina Davisto Associate
Promotion
Andrew Rozanovto Associate
Promotion
Ohad Yahalomto Associate
Promotion
Chanel Andreto Director, Talent Team
Promotion
Johnathan Broekhuizento Director of IT Services
Hire
Andrew Conley Associate
Hire
Maya Edwards Analyst
Hire
Matthias Ferring Analyst
Hire
Skylar Ford Analyst
Hire
Sid Jagtap Analyst
Hire
Will Li Associate
Hire
Alex Lin Associate
Hire
Mahika Mehrotra Associate
Hire
Sreevas Ramakrishnan Analyst
Hire
Maggie Crean Portfolio Talent Manager
Hire
Meghan Houllahan Human Resources Manager
Hire
Margaret Jones Content and Communications Director
Hire
Mike Mitchell Accounting Manager
Hire
Jeet Shah Tax Manager
Hire
Alyssa Biggerstaff Administrative
Hire
Nikiya Lutheran-Lyles Administrative

Community Impact

We are committed to strengthening our community through dialogue, advocacy, volunteerism and financial resources.
Firm-wide volunteer day
Firm-wide volunteer dayWe were lucky to spend our volunteer days with The Greater Boston Food Bank, St. Anthony Foundation in San Francisco, and Soup Kitchen London. All three organizations bring much-needed services to the cities we live and work in, doing so with diginity and compassion.
Minds Matter
Minds MatterWe welcomed our 4th class of highly motivated rising seniors for our summer partnership with Minds Matter.
Philanthropic Giving
Philanthropic GivingWe supported 62 causes that matter the most to our team members.

Our Strategy

Spectrum serves as more than an investor in our portfolio businesses. We help companies pursue opportunities, drive strategy, fill critical gaps, and ultimately accelerate growth.
Who we partner with
  • We invest in emerging and current category leaders in software, data, and consumer internet businesses with proven value propositions, deep customer advocacy, scalable operating leverage, and resilient recurring revenue.
How we partner
  • We are often the first institutional investor in a company, and have a flexible approach to structure, governance, and ownership, including leading minority recapitalizations and change of control transactions.
  • Our investment size is generally between $30 - $200 million, with additional capacity for follow - ons.We can be uniquely flexible with our capital to meet the needs of our partners – ranging from shareholder liquidity to growth capital to fuel key operational initiatives.

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© 2024 Spectrum Equity Management, L.P. All rights reserved. Spectrum Equity is a registered trademark of Spectrum Equity Management, L.P.

Year in Review Disclosures

Content contained in this Year in Review is not intended to and does not constitute investment advice. Your use of the information in this Year in Review and materials linked is at your own risk. Spectrum Equity does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Past performance is not indicative of future results, and there is a possibility of loss in connection with an investment in any Spectrum Fund. To the maximum extent permitted by law, Spectrum Equity disclaims any and all liability in the event any information, commentary, analysis, and/or opinions prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. The specific companies identified above does not represent all of Spectrum’s investments, and no assumptions should be made that any investments identified were or will be profitable.

Content contained in this Year in Review is based on representative activity in 2024 and is solely for illustrative purposes.

In the Liquidity Events section, activity is intended to be illustrative and based on full exits, partial exits and in-kind equity distributions. Additional realizations associated with tax distributions were received in 2024 and are excluded.
The portfolio headcount growth multiple is based on the active portfolio as of 12/31/24.

The Portfolio and Spectrum Recognitions presented herein are from third-parties that are not affiliated with Spectrum Equity. These third-parties independently assess nominees based on multiple criteria. The awards and designations presented on this website are the opinion of the respective parties conferring the award or designation and not those of Spectrum Equity. Recognitions by third-parties are not indicative of investment performance. For the Spectrum Recognitions, the firm paid a fee to participate and/or distribute the results for the Inc. Founder Friendly and GrowthCap awards. The receipt of compensation may influence the granted award or designation. There can be no assurance that other providers or surveys would reach the same conclusions as the foregoing. Highlighted Portfolio Recognitions are intended to be representative only, and Spectrum Equity does not require nor influence a portfolio company’s decision to participate.

Statements made herein by current or former employees of Spectrum Equity portfolio companies for which no compensation was paid. Spectrum may have the ability to exercise discretion on portfolio company employee compensation, promotion and other employment decisions and certain portfolio company executives may also be investors in Spectrum Equity funds.

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