M33 Growth Launches $260 Million Second Fund

By Dan Anderson ● February 26, 2020
  • M33 Growth, a Boston-based venture capital firm announced that it launched a second flagship fund with $260 million in commitments

M33 Growth, a Boston-based venture capital firm led by co-founding managing directors Brian Shortsleeve, Gabe Ling, and Mike Anello, announced recently that it raised $260 million for its second flagship fund.

The $260 million from limited partner commitments came from some of the nation’s top endowments, foundations and institutional investors as well as founders and CEOs with whom the M33 Growth team has strong working relationships with over the past decade. This fund is a big jump from the firm’s $180 million debut fund launched in October 2017.

Before working at M33 Growth, Shortsleeve was a managing director at General Catalyst. And Ling worked as a partner at General Catalyst for 13 years before joining M33 Growth. Anello also worked at General Catalyst as a senior associate between 2013 and 2017. Now M33 has 15 employees based out of its headquarters in Boston.

Some of the company’s in M33’s portfolio include Assuricare, RHI Group, The Oncology Institute, Titan Cloud, and W Energy Software.

Key Quotes:

“M33 Growth was founded to fuel the growth of the next great success stories in American business. We seek to partner with scrappy founders who have built great companies by bootstrapping their way to profitability and are looking for a partner to help them accelerate growth. Our second fund marks not only the next milestone for our firm, but also a tremendous platform to continue to expand the sales and go-to-market expansion and strategic sourcing platform that we believe will drive growth in our companies.”

– Brian Shortsleeve, a co-founder and managing director of M33 Growth

“Our team brings a differentiated set of skills to our companies, most notably a one-two punch of extensive B2B software sales and marketing execution experience and a powerful sourcing engine to drive strategic acquisitions. This has proven to be the perfect match for the gritty and ambitious spirit of the founders we seek to collaborate with. Our approach to investing in a very limited number of teams allows us, as the founding partners of M33 Growth, to roll up our sleeves and dive deep with our companies.”

– Michael Anello, a co-founder and managing director of M33 Growth

“We are particularly proud of the team we’ve built. We sought out individuals who shared in our vision of locking arms with entrepreneurs to build their businesses, rather than just sitting in an ivory tower working on endless spreadsheets.”

– Gabe Ling, co-founder and managing director of M33 Growth