Plymouth Growth, a leading Ann Arbor, MI-based growth equity firm, announced the successful closing of Plymouth Growth V, LP, with about $125 million in committed capital. And Plymouth Fund V is exclusively focused on investing in high-growth, B2B software and tech-enabled services companies throughout the North American mid-continent.
Plymouth’s fifth fund – which was led by Partners Jeff Barry, Brook Critchfield, Kevin Terrasi, and Evan Ufer – is known as the firm’s largest to date with commitments nearly double its prior fund and serves as a testament to the firm’s track record. And with a focus on B2B technology, Plymouth Growth has a long history of identifying promising companies and working with management teams to help them achieve successful outcomes.
With this new funding round, Kathleen Kaulins recently joined the firm as a senior member of the investment team. Kathleen, a Michigan native, came to Plymouth from Vistara Growth where she served as Investment Director. Prior to working as an investor and she spent over 10 years as an operator at two New York City-based technology startups where she led several different functions including finance, strategy, operations, and product. Kathleen started her career as an investment banker at UBS.
Along with Kathleen, the firm has doubled its investment team in the past two years, adding Michelle Erikson, Senior Associate, Alison Todak, Director of Platform, and Caroline Wolanin, Analyst to support its accelerated investment activities.
Fund V already invested in 6 growth-stage technology companies, including most recently Forj and CloseSimple, and will continue making $5 million to $15 million investments in the next wave of B2B businesses looking to scale.
KEY QUOTES:
“We are thrilled to close Plymouth Fund V and continue our mission of partnering with exceptional software and technology companies. Having successfully achieved our target for Fund V in a challenging environment, we are truly grateful for the trust and support our investors have in our firm and its vision.”
— Evan Ufer, Partner at Plymouth Growth
“We are proud of our track record and the role we have played in helping to build some of the region’s most successful tech companies. Our expanding investment team is excited to build on this momentum in Fund V and continue joining forces with exceptional leadership teams.”
— Brook Critchfield, Partner at Plymouth Growth
