Plymouth Growth

Plymouth Growth invests in mid-continent B2B software and technology companies – with $3MM to $10MM in revenue, proven business models, and strong teams – that are ready to scale. The Plymouth team brings decades of experience as operators, advisors, and investors, and understands that while metrics matter, it’s people that are critical to growth. We look beyond the numbers to understand businesses, teams, and cultures, and we seek to partner with entrepreneurs that have accomplished a lot with a little. Based in Ann Arbor, MI and actively investing out of its fifth fund, Plymouth Growth helps teams achieve smart, proven growth. For more information on Plymouth and its investments, please visit www.plymouthgp.com.

Jeff Barry

Partner

Michelle Erikson

Senior Associate

Kevin Terrasi

Partner

26 past transactions

Allied Payment Network

Venture Round in 2019
Allied Payment Network Inc. was formed in August 2010 offering online bill payment service to financial institutions including banks and credit unions as well as directly to consumers. With over a thirty years of Bill Pay experience, fifty years of banking experience, a leader who was the CIO of a bank for ten years and is an expert in bank protection; it is evident that Allied Payment Network is a company that ensures a high level of trust and credibility to all of its customers. Virtually all financial institutions offer bill payment service to their Internet banking customers; only a handful of bill payment companies in the business provide this type of service. The bill pay market is still relatively immature in adoption by online banking customers. It is Allied's goal to not only deliver simple and accurate bill pay services, but to also introduce these benefits to institutions in a cost-friendly manner that will help promote bill pay adoption and establish healthy relationships between these institutions' and their customers.

Pacejet Logistics

Series D in 2017
Pacejet Logistics, Inc. is a cloud-based platform that specializes in enterprise shipping solutions, catering to industries such as manufacturing, retail, and wholesale. Founded in 2003 and headquartered in Columbus, Ohio, the company provides a range of shipping services, including freight, postal, consolidator, and less-than-truckload (LTL) shipping. One of its notable offerings is Pacejet Protection, a shipping insurance program that covers parcel and freight shipments, ensuring quick claims and integrated coverage selection. Pacejet's platform enhances operational efficiency by enabling customers to ship faster with fewer errors through seamless integration with leading ERP systems like NetSuite, Microsoft, and SAP, as well as custom ERPs via a RESTful API. As a subsidiary of 3Gtms, Inc., Pacejet boasts a team with extensive supply chain and logistics expertise, drawing from various industry backgrounds.

Montage

Series D in 2017
Montage Talent, Inc. specializes in providing live and on-demand voice and video interviewing solutions tailored for large enterprises, healthcare sectors, and staffing and recruitment process outsourcing firms. Established in 2007 and based in Delafield, Wisconsin, the company was previously known as Expressume, Inc. and adopted its current name in 2001. Montage serves a diverse clientele, including numerous Fortune 500 companies, by delivering a modern hiring experience that combines advanced technology with personalized service. As a pioneer in purpose-built video interviewing, Montage's proprietary platform is designed for reliability, scalability, compliance, and security, ensuring it meets enterprise demands. The company emphasizes innovation driven by market needs and data, aiming to enhance the efficiency and predictability of talent acquisition. Additionally, Montage is dedicated to fostering long-term client relationships and providing exceptional support at every stage of the hiring process.

InContext Solutions

Series F in 2016
InContext Solutions, Inc. specializes in mixed and virtual reality solutions aimed at optimizing retail experiences. The company offers ShopperMX, a web-based simulation software that enables manufacturers and retailers to collaboratively ideate, evaluate, and implement various merchandising and display strategies within a virtual store environment. By providing digital content, virtual simulations, insights, and analytics, InContext Solutions assists clients in understanding shopper behavior and refining their retail strategies across various industries, including consumer packaged goods, apparel, and food service. Founded in 2008 and headquartered in Chicago, Illinois, with additional operations in the United Kingdom and several locations across the United States, the company facilitates substantial cost savings for clients by allowing them to test ideas in a virtual setting rather than in physical stores. This innovative approach equips businesses with the necessary data and insights to make informed decisions, enhancing their confidence in developing successful in-store concepts.

ClearObject

Series E in 2016
ClearObject Corporation is an Internet of Things (IoT) innovator based in Fishers, Indiana, specializing in designing, developing, and managing IoT products and platforms. Founded in 2010, the company offers a range of services, including managed services, professional services, and pilots acceleration, aimed at helping clients integrate and leverage IoT solutions. ClearObject employs a customer-led approach, providing access to a diverse set of expertise, including engineering, analytics, machine learning, and app design. As a certified partner of IBM Watson IoT and Google Cloud Platform, ClearObject utilizes current tools and strategies to assist clients in achieving their IoT objectives and extracting valuable insights from their data. The company was rebranded from CloudOne Corp. in 2017 to emphasize its focus on IoT solutions, and it has since expanded its capabilities with the addition of a Digital Products business unit. ClearObject has received various accolades, including recognition as one of the fastest-growing IT services firms in Indiana.

Wellspring

Series B in 2016
Wellspring Worldwide unifies the process of discovery for organizations that transform knowledge into innovation. Its software products, Sophia, Flintbox, and Zeto manage every step of the Knowledge Supply Chain, enabling leading companies, hospitals, and universities to harness their network of intellectual assets for competitive advantage. It was founded in 20030 and headquartered in Chicago, Illinois.

Nutshell

Series A in 2015
Nutshell, Inc. is a company that specializes in developing a customer relationship management (CRM) platform aimed primarily at small businesses. Founded in 2009 and based in Ann Arbor, Michigan, Nutshell's application features integration with Google apps, mobile media logging, and robust reporting capabilities. The platform offers tools for sales automation, email marketing, performance tracking, and pipeline management, designed to help businesses enhance their sales processes and improve customer experiences. With native applications for both iPhone and Android, Nutshell combines functionality with an elegant design to support businesses in managing their customer relationships effectively.

IDV Solutions

Series C in 2015
IDV Solutions, LLC specializes in threat assessment and operational visualization software designed to help organizations manage operational risks effectively. The company offers two main products: the Visual Command Center, which serves as a platform for situational intelligence and response, and Visual Fusion, a data visualization toolset that aids in building customized solutions for enhanced insights and streamlined operations. These tools are utilized across various organizational functions, including business continuity, security, supply chain, and operations, to mitigate or eliminate the impacts of risk events. Headquartered in Lansing, Michigan, IDV Solutions serves both private companies and public agencies globally and operates as a subsidiary of Everbridge, Inc.

Lynx Network Group

Venture Round in 2014
Lynx Network Group, established in June 2003 by telecommunications experts Gerald Philipp, Gregg Rutgers, and Chris Barber, specializes in providing bandwidth infrastructure services aimed at connecting rural and underserved regions of Michigan to competitive broadband access. The company offers high-performance, cost-effective, fiber-based infrastructure tailored for businesses, organizations, and wireless service providers in tier 2 and tier 3 markets. Lynx enables clients to advance, manage, and control their telecommunications assets and costs for both wireless and wireline services. With a strong understanding of industry trends and a commitment to emerging technologies, Lynx has built key relationships that enhance its ability to meet the evolving needs of the voice communications market.

InContext Solutions

Series D in 2014
InContext Solutions, Inc. specializes in mixed and virtual reality solutions aimed at optimizing retail experiences. The company offers ShopperMX, a web-based simulation software that enables manufacturers and retailers to collaboratively ideate, evaluate, and implement various merchandising and display strategies within a virtual store environment. By providing digital content, virtual simulations, insights, and analytics, InContext Solutions assists clients in understanding shopper behavior and refining their retail strategies across various industries, including consumer packaged goods, apparel, and food service. Founded in 2008 and headquartered in Chicago, Illinois, with additional operations in the United Kingdom and several locations across the United States, the company facilitates substantial cost savings for clients by allowing them to test ideas in a virtual setting rather than in physical stores. This innovative approach equips businesses with the necessary data and insights to make informed decisions, enhancing their confidence in developing successful in-store concepts.

XanEdu

Debt Financing in 2014
XanEdu is helping institutions change the course of learning and instruction with innovative solutions for creating, delivering, and managing course materials. They help educators and learners save money, improve efficiency, collaborate, engage more with content, and improve learning outcomes. XanEducourse materials, including CoursePacks, textbooks and lab manuals, are 100 percent copyright compliant and accessible on iPad and Android tablets.

DocuSphere

Debt Financing in 2014
Founded in 1993 and headquartered in Perrysburg, Ohio, their entire focus is on the development, enhancement, maintenance, implementation, and support of their own DocuSphere solution for accounts payable automation. They deliver “The DocuSphere Difference: The preeminent connected, business-driven AP automation solution – delivered by experienced people for a fixed fee.” Their seasoned professionals are skilled in ERP applications such as accounts payable, sales order processing, billing and shipping. They’ve assisted mid-size to large multinational organizations in a wide variety of industries, in locations across North America and around the world.

365 Retail Markets

Series A in 2013
365 Retail Markets, an expanding, self-checkout technology company based in Troy, Michigan, offers the best-in-class platform for vending, foodservice and hospitality. Its proprietary, 365 MicroMarket, is a turnkey, unmanned market that allows customers to increase sales, improve the customer experience and increase profits while decreasing operating costs. 365 Retail Markets has been pioneering innovation in the vending industry for over five years and continues to revolutionize the market with superior technology and ultimate flexibility in customization and branding. What makes us a global MicroMarket leader? • exceptional service with superior response time •award-winning technology, manufactured in the USA with top ATM quality parts • the best and most comprehensive online management software • proprietary hardware and software with the most technology options • preferred MicroMarket technology of the world's largest vending companies • PCI Certified, for secure credit card processing • 365 Retail Markets allows customer to fully self-brand their markets Company History: •2014: 365 kicks off the year as Michigan Companies to Watch finalist; over a dozen feature upgrades to both its kiosk and web management software; adds the Gen3c Kiosk to product line, QuickCharge capability, multilingual, SMS receipts and more. Maintains 99.99% uptime for both kiosks and software. •2013: 365 is recognized as a Michigan Fast 50 company based on success and revenue growth. Launches the new 365 Gen3 kiosk as a companion to existing portfolio along with multiple payroll deduct and stored value account options. Became the first provider to achieve full PA-DSS certification. 365 moves again to a permanent office and manufacturing facility. Maintains 99.99% uptime for both kiosks and software. •2012: 365’s newly launched Gen2 Kiosk wins the NAMA innovation award; company moves again to accommodate ever growing staff base. Maintains 99% uptime for both kiosks and software. •2011: 365 secures significant funding, and begins large scale roll out to the industry’s largest vending operator. Also, secures new office space to accommodate growth. •2010: 365 complements its industry first RFID system with a barcode only and full Cash-Coin kiosk. •2009: Business operations commenced. •2008: Initial Business Plan and market testing for an RFID based self-checkout system begins.

UICO

Series C in 2013
UICO, LLC specializes in the development and manufacturing of durable touchscreens and touch surfaces designed for a variety of sectors, including agriculture, automotive, industrial, medical, and wearables. Founded in 2007 and headquartered in Sunnyvale, California, with an additional location in Elmhurst, Illinois, UICO's flagship products include duraTOUCH, which features a range of touchscreen sizes suitable for numerous applications, and duraTOUCH Surface, a flexible solution ideal for wearable devices and consumer products. UICO's patented technology enables touchscreens to function effectively in extreme conditions, such as heavy rain, extreme temperatures, and with dirty or gloved hands, thus enhancing user experience across millions of devices globally. The company collaborates closely with leading brands and maintains strong connections with academic institutions, emphasizing innovation in touch technology for durable and IoT smart devices.

365 Retail Markets

Debt Financing in 2013
365 Retail Markets, an expanding, self-checkout technology company based in Troy, Michigan, offers the best-in-class platform for vending, foodservice and hospitality. Its proprietary, 365 MicroMarket, is a turnkey, unmanned market that allows customers to increase sales, improve the customer experience and increase profits while decreasing operating costs. 365 Retail Markets has been pioneering innovation in the vending industry for over five years and continues to revolutionize the market with superior technology and ultimate flexibility in customization and branding. What makes us a global MicroMarket leader? • exceptional service with superior response time •award-winning technology, manufactured in the USA with top ATM quality parts • the best and most comprehensive online management software • proprietary hardware and software with the most technology options • preferred MicroMarket technology of the world's largest vending companies • PCI Certified, for secure credit card processing • 365 Retail Markets allows customer to fully self-brand their markets Company History: •2014: 365 kicks off the year as Michigan Companies to Watch finalist; over a dozen feature upgrades to both its kiosk and web management software; adds the Gen3c Kiosk to product line, QuickCharge capability, multilingual, SMS receipts and more. Maintains 99.99% uptime for both kiosks and software. •2013: 365 is recognized as a Michigan Fast 50 company based on success and revenue growth. Launches the new 365 Gen3 kiosk as a companion to existing portfolio along with multiple payroll deduct and stored value account options. Became the first provider to achieve full PA-DSS certification. 365 moves again to a permanent office and manufacturing facility. Maintains 99.99% uptime for both kiosks and software. •2012: 365’s newly launched Gen2 Kiosk wins the NAMA innovation award; company moves again to accommodate ever growing staff base. Maintains 99% uptime for both kiosks and software. •2011: 365 secures significant funding, and begins large scale roll out to the industry’s largest vending operator. Also, secures new office space to accommodate growth. •2010: 365 complements its industry first RFID system with a barcode only and full Cash-Coin kiosk. •2009: Business operations commenced. •2008: Initial Business Plan and market testing for an RFID based self-checkout system begins.

XanEdu

Series B in 2013
XanEdu is helping institutions change the course of learning and instruction with innovative solutions for creating, delivering, and managing course materials. They help educators and learners save money, improve efficiency, collaborate, engage more with content, and improve learning outcomes. XanEducourse materials, including CoursePacks, textbooks and lab manuals, are 100 percent copyright compliant and accessible on iPad and Android tablets.

InContext Solutions

Series C in 2013
InContext Solutions, Inc. specializes in mixed and virtual reality solutions aimed at optimizing retail experiences. The company offers ShopperMX, a web-based simulation software that enables manufacturers and retailers to collaboratively ideate, evaluate, and implement various merchandising and display strategies within a virtual store environment. By providing digital content, virtual simulations, insights, and analytics, InContext Solutions assists clients in understanding shopper behavior and refining their retail strategies across various industries, including consumer packaged goods, apparel, and food service. Founded in 2008 and headquartered in Chicago, Illinois, with additional operations in the United Kingdom and several locations across the United States, the company facilitates substantial cost savings for clients by allowing them to test ideas in a virtual setting rather than in physical stores. This innovative approach equips businesses with the necessary data and insights to make informed decisions, enhancing their confidence in developing successful in-store concepts.

IDV Solutions

Series B in 2012
IDV Solutions, LLC specializes in threat assessment and operational visualization software designed to help organizations manage operational risks effectively. The company offers two main products: the Visual Command Center, which serves as a platform for situational intelligence and response, and Visual Fusion, a data visualization toolset that aids in building customized solutions for enhanced insights and streamlined operations. These tools are utilized across various organizational functions, including business continuity, security, supply chain, and operations, to mitigate or eliminate the impacts of risk events. Headquartered in Lansing, Michigan, IDV Solutions serves both private companies and public agencies globally and operates as a subsidiary of Everbridge, Inc.

Relume Technologies

Debt Financing in 2012
Relume Technologies is a manufacturer of highly efficient LED lighting products, utilizing its patented Silver Circuitry thermal management technology. Founded in 1994, the company has established itself as a leader in LED innovation by addressing the critical need for advanced thermal management alongside advancements in LED technology. Relume's products are designed for various outdoor applications, including commercial and traffic signage, street and area lighting, outdoor advertising, and military use. The company has also developed specialized lighting systems for safety-critical environments, such as mobile hospitals and command shelters. Additionally, Relume offers Sentinel, a networked lighting control and security system, further enhancing its portfolio in the lighting industry.

UICO

Series B in 2012
UICO, LLC specializes in the development and manufacturing of durable touchscreens and touch surfaces designed for a variety of sectors, including agriculture, automotive, industrial, medical, and wearables. Founded in 2007 and headquartered in Sunnyvale, California, with an additional location in Elmhurst, Illinois, UICO's flagship products include duraTOUCH, which features a range of touchscreen sizes suitable for numerous applications, and duraTOUCH Surface, a flexible solution ideal for wearable devices and consumer products. UICO's patented technology enables touchscreens to function effectively in extreme conditions, such as heavy rain, extreme temperatures, and with dirty or gloved hands, thus enhancing user experience across millions of devices globally. The company collaborates closely with leading brands and maintains strong connections with academic institutions, emphasizing innovation in touch technology for durable and IoT smart devices.

RedPath Integrated Pathology

Venture Round in 2011
RedPath Integrated Pathology, LLC operates as a reference laboratory and provides support services for oncology cases. It offers PathFinderTG, a testing platform for resolving diagnoses from the original pathology specimen. The company serves pathologists, clinicians, and patients. RedPath Integrated Pathology, LLC was founded in 2004 and is headquartered in Pittsburgh, Pennsylvania.

Lynx Network Group

Debt Financing in 2011
Lynx Network Group, established in June 2003 by telecommunications experts Gerald Philipp, Gregg Rutgers, and Chris Barber, specializes in providing bandwidth infrastructure services aimed at connecting rural and underserved regions of Michigan to competitive broadband access. The company offers high-performance, cost-effective, fiber-based infrastructure tailored for businesses, organizations, and wireless service providers in tier 2 and tier 3 markets. Lynx enables clients to advance, manage, and control their telecommunications assets and costs for both wireless and wireline services. With a strong understanding of industry trends and a commitment to emerging technologies, Lynx has built key relationships that enhance its ability to meet the evolving needs of the voice communications market.

V.I.O.

Venture Round in 2010
V.I.O. is a leading video technology company that pioneered the point-of-view (POV) category more than a decade ago. V.I.O. provides a wide range of video solutions, selling products designed for a broad spectrum of industry segments and applications, including B2B and B2C. V.I.O. is the manufacturer of the POV.HD and Stream. The POV.HD is a compact camera that is ideal for capturing video from a fixed or mounted position. The POV.HD features a 2-inch display screen and four recording modes. POV.HD can be operated with a wireless remote control. The V.I.O. Stream is a camera that facilitates real-time full HD 1080p video streaming for any browser-based device. Stream is Web programmable, allowing complete control of features from any browser-based device, includes an open API designed for seamless integration and features a simple HTTP and XML-based architecture. Stream also features a rugged form factor, superior connectivity and multiple power options. V.I.O. is based in Minneapolis, Minnesota.

CleveX

Venture Round in 2008
CleveX, Inc., a medical device company, develops disposable surgical instruments. The company offers skin biopsy, closure, and repair solutions for use in primary care, family, obstetrician/gynecology, and dermatology physician practices. It offers ExiClip, a disposable single-step skin lesion removal and sutureless closure device that excises skin lesion and closes wounds in a single step; and related accessories. The company serves customers through distributors in the United States. CleveX was founded in 2003 and is based in Columbus, Ohio.

Zebra Ventures

Post in 2008
Zebra Ventures is the strategic investment arm of Zebra Technologies, focused on investing in early-stage companies that align with Zebra's vision of Enterprise Asset Intelligence. The initiative aims to enhance productivity and customer experience across various sectors, including retail, transportation, logistics, warehousing, manufacturing, and healthcare. By providing venture capital, Zebra Ventures supports portfolio companies throughout their startup, growth, and expansion phases. In addition to financial investment, Zebra Ventures offers valuable resources such as deep domain expertise, access to engineering capabilities, and a broad distribution network. This combination of support enables portfolio companies to effectively implement their growth initiatives and optimize their operations.

Accuri Cytometers

Series A in 2005
Accuri Cytometers was founded to address a compelling need: life scientists love the rapid cell-by-cell analysis capability of flow cytometers, but too few have a flow cytometer in their lab. The barriers for most researchers include cost of the instrument, complexity of the software, effort required for maintenance, and the large amount of bench space required for the instrument. As a result, the company is looking to develop affordable and robust cytometers.
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