Growth Equity
Summit Partners
Summit Partners takes minority stakes in growing companies, usually without full control, from Boston, MA, USA. It states a focus on software & internet and healthcare & life sciences.
Stated investment criteria
What Summit Partners says it buys
Read from Summit Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.
A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Summit Partners states that it will take either a controlling or a minority stake. Nothing here is a commitment by Summit Partners to consider any particular business, and nothing on this page is represented as being for sale.
SEC filings
What Summit Partners has raised
From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.
| Vehicles filed | 85 |
| Total capital raised | $52bn |
| Largest single vehicle | $7.8bn |
| Filing history | 2013 to 2025 |
| Smallest accepted commitment | $1m |
| Filed from | MASSACHUSETTS |
Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.
Regulatory record
How Summit Partners is registered
From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.
| Adviser status | SEC registered |
| Regulatory assets under management | $42bn |
| Employees | 218 |
| Private funds advised | 87 · $42bn gross |
| SEC adviser number | CRD 135271 |
Recorded transactions
Buying and selling
Deals in which Summit Partners is named as buyer or seller in the transaction archive. 13 recorded exits, most recently in 2021.
| Company | Side | Counterparty | Year | Consideration |
|---|---|---|---|---|
| Fuze | Sold | 8x8 | 2021 | $250m |
| Reverb.com LLC | Sold | Etsy | 2019 | $275m |
| Aeryon Labs | Sold | FLIR Systems | 2019 | $200m |
| Full House Resorts | Sold | Affinity Gaming | 2018 | $133m |
| InfoArmor | Sold | Allstate | 2018 | $525m |
| TSheets.com LLC | Sold | Intuit | 2017 | $340m |
| TeleSign Corp. | Sold | BICS SA | 2017 | $230m |
| Grand Design Recreational Vehicle Co. | Sold | Winnebago Industries | 2016 | $500m |
| Welltec International | Sold | Exor | 2016 | $116m |
| 360 Treasury Systems AG (dba 360T Group) | Sold | Deutsche Boerse | 2015 | $817m |
| Multifonds | Sold | Temenos | 2015 | $265m |
| Solid State Equipment LLC | Sold | Veeco Instruments | 2014 | $150m |
Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.
Valuation context
Transaction values in Software & Internet
What companies have actually sold for in software & internet, across 2,672 recorded transactions.
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