As we approach the final stretch of 2022, we reflect on what Mainsail Partners and our portfolio companies have accomplished so far this year. During this period, Mainsail raised its sixth and largest fund at $915M to seek to continue our strategy of investing in growing, bootstrapped software companies led by dynamic founders and management teams. Our team completed six platform investments, six add-on acquisitions and two exits, expanded the Mainsail team with new hires and promotions, and supported our portfolio companies in their efforts to continue growth. We are excited to share more details on these updates as we strive to continue the momentum to close out 2022.

Highlights So Far...

Completed 6 Software Platform Investments

Aviation Business
Management Software

January 2022

Liquid Waste &
Roll-Off Businesses Software

January 2022

TBA Software Company

January 2022

Cybersecurity & Compliance
Management Software

March 2022

Facilities Management SaaS Solution

July 2022

Business Management Software for Moving Services Industry

August 2022
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Completed 6 Add-On Acquisitions

Boostlingo acquires VoiceBoxer

March 2022

Boostlingo acquires Interpreter Intelligence

March 2022

Flight Schedule Pro acquires Coradine Aviation Systems

April 2022

Centerbase acquires Legalfit

March 2022

Fullbay acquires Dieselmatic

April 2022

JobNimbus acquired TBA company

Completed 2 Company Exits

Acquired by ServiceTitan

February 2022

Acquired by Bottomline Technologies

September 2022
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Raised $915M for Fund VI





Recognized as a Top Private Equity Firm

KC Kanoff Named a Top Women Leader in Growth Investing by GrowthCap

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Mainsail Named a Top 25 Private Equity Firm by GrowthCap

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VALUE CREATION WITHIN OUR PORTFOLIO

Mainsail's dedicated team of operating professionals worked alongside the management teams of our portfolio companies to help drive growth. In addition, we provided several opportunities for networking, professional growth and education and have collaborated with our portfolio teams in a number of ways, including:

Networking & Best Practices

Hosted CEO & CFO Summit

  • CEO Summit: More than 70 founders, CEOs, Board members and SaaS professionals came together for three days of best practice sharing, networking and fun. Learn More
  • CFO Summit: Portfolio company finance leaders and SaaS finance professionals came together to share best practices and exchange ideas while continuing to build connections and collaboration among the experienced finance leaders in the Mainsail portfolio.

Hosted webinars and published best practices:

Launched Mainsail's Executive Acceleration Program

  • A select group of nominated executives from across our portfolio participated in executive coaching and attended monthly group meetings — all targeted at helping them develop leadership skills for growing companies.

Expansion Within Mainsail

We Welcomed 11 New Members to Our Team

David
Abel

Vice President of Onboarding

Brian Russell

Vice President of Pricing

Michael McEuen

Director of Demand Generation

Jaclyn Zalesky

Operations Manager

Sunny Prasla

Senior Analyst, FP&A

Daniel Zhang

Talent Analyst

Karan
Patel

Associate

Stephanie Wolf

Associate

Colten Habecker

Associate

Emily Dobroy

Executive Assistant

Michelle Sinn

Executive Assistant

And Celebrated 9 Internal Promotions

KC Kanoff

Principal

Phil Stern

Operating Principal

Tolliver Bell

Vice President

Anthony Hayes

Vice President

Immad Baig

Senior Accounting Manager

Apoorva Polisetty

Talent Manager

Parker Draughon

Senior Associate

Jackie Friedman

Senior Associate

Garret Jackson

Senior Associate
Full Team

Our Portfolio

We are proud to partner with and support these software companies as they seek to continue to evolve and expand.

Mainsail Partners is proud of all that we have accomplished so far this year, and we look forward to continuing to work with you.

Investment Parameters Contact Us

The year in review does not constitute an offer to sell or the solicitation of an offer to purchase any security. The information herein is not presented with a view to providing investment advice with respect to any security, or making any claim as to the past, current or future performance thereof, and Mainsail Management Company, LLC (“Mainsail” or “Mainsail Partners”) expressly disclaims the use of this content piece for such purposes. The information herein is not and may not be relied on in any manner as, legal, tax, business or investment advice.

Third-party images, logos, and references included herein are provided for illustrative purposes only. Inclusion of such images, logos, and references does not imply affiliation with or endorsement by such firms or businesses.

The Top Women Leaders in Growth Investing of 2022 recognition presented herein is awarded by GrowthCap, a third-party that is not affiliated with Mainsail Partners or an investor in Mainsail Partners-sponsored vehicles. The recognition was awarded on 7/19/22 for the period 2022.  GrowthCap independently assessed nominees based on written responses to questions on GrowthCap’s nomination form and information, including on breadth of experience and performance metrics. GrowthCap also took into consideration third-party feedback from CEOs and other executives. The number of nominees reviewed for this recognition was not disclosed to Mainsail, and therefore, it and the percentage of nominees receiving the recognition, cannot be disclosed herein. GrowthCap’s recognition is based on its own evaluation and opinion and is not indicative of Mainsail Partners’ future performance, and does not reflect the experience of, or any rating by, Mainsail Partners’ investors. Mainsail Partners paid a fee to distribute the GrowthCap Top Women Leaders in Growth Investing 2022 results. The receipt of compensation influences, and is likely to present a potential material conflict of interest, relating to the rating. There can be no assurance that other providers or surveys would reach the same conclusions as the foregoing. For more information regarding this recognition, please see the linked publication.

The Top 25 Private Equity Firms of 2022 recognition presented herein is awarded by GrowthCap, a third-party that is not affiliated with Mainsail Partners or an investor in Mainsail Partners-sponsored vehicles. The recognition was awarded on 9/6/2022 for the period 2022.  GrowthCap assessed nominees based on written responses to questions on GrowthCap’s nomination form. The number of nominees reviewed for this recognition was not disclosed to Mainsail, and therefore, it and the percentage of nominees receiving the recognition, cannot be disclosed herein. GrowthCap’s recognition is based on its own evaluations and opinions and is not indicative of Mainsail Partners’ future performance, and does not reflect the experience of, or any rating by, Mainsail Partners’ investors. Mainsail Partners paid a fee to distribute the GrowthCap Top 25 Private Equity Firms of 2022 results. The receipt of compensation influences, and is likely to present a potential material conflict of interest, relating to the rating. There can be no assurance that other providers or surveys would reach the same conclusions as the foregoing. For more information regarding this recognition, please see the linked publication.

The portfolio companies identified do not represent all of the investments made or recommended by Mainsail and were not selected based on the performance of such investments. Rather, they were selected as representative examples that clarify and typify Mainsail’s investment approach. These investments are meant to show a portion of the Mainsail portfolio and are not intended to be representative of any current or future investments. There can be no assurance that any investment vehicle managed by Mainsail will be able to consummate investments with the same or similar characteristics to the portfolio companies described herein, or that, if consummated, such investments will be profitable.

Certain information contained herein constitutes “forward-looking statements,” which can be identified by the use of terms such as “may,” “will,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “projects,” “future,” “targets,” “intends,” “plans,” “believes,” “estimates” (or the negatives thereof) or other variations thereon or comparable terminology. Forward looking statements are subject to a number of risks and uncertainties, which are beyond the control of Mainsail. Actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. Additional risks of which Mainsail is not currently aware also could cause actual results to differ. In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements. The forward-looking events discussed in this content piece may not occur. Mainsail undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

References to “highlights” and “value creation” or any value provided by Mainsail and other related information is based on the opinions and beliefs of Mainsail regarding Mainsail’s contributions and the drivers of value. Any determination as to the driver of value is inherently subjective, and there can be no assurance that other third-party analyses of this data would reach the same conclusions as those provided herein or would not attribute returns to other factors such as general economic conditions.

No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in the enclosed materials by Mainsail and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. For additional important disclosures, please click here.