ThornTree Capital Partners

ThornTree Capital Partners is an employee-owned hedge fund sponsor based in Boston, Massachusetts, founded in November 2015. The firm specializes in managing pooled investment vehicles and offers separate client-focused equity and fixed income portfolios. It primarily invests in public equity and fixed income markets within the United States, employing a fundamental, bottom-up analysis approach to portfolio management. To enhance its investment decisions, ThornTree Capital Partners integrates external research alongside its in-house analysis. The firm also explores opportunities in various sectors, including B2C, energy, and information technology. As a Registered Investment Adviser, ThornTree Capital Partners is committed to delivering tailored investment strategies for its clients.

Christopher Baker

Principal

Phillip Giampietro

Partner

Nicholas Kordonowy

Analyst

Mark Moore

Founder and Managing Partner

8 past transactions

Alice

Series C in 2021
Alice is a technology healthcare company reinventing the health insurance industry in Brazil. Alice offers B2C health insurance combined with proprietary primary care, delivered digitally and in-person. Primary care teams, namely Health Squads, look after members and coordinate their care within a network of high-quality providers, rewarded by a strongly aligned incentive model. Primary care and providers are fully and seamlessly integrated through Alice digital health platform, creating a virtual verticalized health system that delivers better health outcomes at lower costs.

Nuvemshop

Series E in 2021
Nuvemshop provides entrepreneurs and SMBs with the tools to set up, manage, and promote their online business easily from any device. With the suite of tools around payments, shipping, inventory management, and marketing provided by the company, owners are enabled to participate in the e-commerce market, ramp up their sales, reduce costs, and provide their end customers with a shopping experience. In 2011, co-founders Alejandro Alfonso, Santiago Sosa, Jose Abuchaem, Martin Palombo, and Alejandro Vazquez established Nuvemshop in 2011.

Liv Up

Series D in 2021
Liv Up is a direct-to-consumer food brand based in Brazil that specializes in providing natural, flash-frozen meals and snacks. The company sources its ingredients from local family farmers to ensure freshness and quality. By leveraging advanced technology and a commitment to customer satisfaction, Liv Up creates convenient and healthy meal options that cater to busy urban lifestyles. Their offerings emphasize natural ingredients, allowing consumers to enjoy organic and flavorful food at affordable prices. Through continuous innovation and process optimization, Liv Up successfully delivers its products across various metropolitan areas in Brazil.

Nuvemshop

Series D in 2021
Nuvemshop provides entrepreneurs and SMBs with the tools to set up, manage, and promote their online business easily from any device. With the suite of tools around payments, shipping, inventory management, and marketing provided by the company, owners are enabled to participate in the e-commerce market, ramp up their sales, reduce costs, and provide their end customers with a shopping experience. In 2011, co-founders Alejandro Alfonso, Santiago Sosa, Jose Abuchaem, Martin Palombo, and Alejandro Vazquez established Nuvemshop in 2011.

Alice

Series B in 2021
Alice is a technology healthcare company reinventing the health insurance industry in Brazil. Alice offers B2C health insurance combined with proprietary primary care, delivered digitally and in-person. Primary care teams, namely Health Squads, look after members and coordinate their care within a network of high-quality providers, rewarded by a strongly aligned incentive model. Primary care and providers are fully and seamlessly integrated through Alice digital health platform, creating a virtual verticalized health system that delivers better health outcomes at lower costs.

Passport

Series D in 2019
Passport is a cloud tech startup that delivers intelligent data to its customers. Passport transforms mobility management with a single platform to help create an open parking ecosystem. The company's goal is to help cities bring payments into apps users already have on hand while providing management and reporting tools, creating an easy-to-manage and efficient mobility operation for the future. Passport is backed by a group of investors, including Bain Capital Ventures, Grotech Ventures, MK Capital, and Relevance Capital. It was founded in 2010 and is headquartered in Charlotte, North Carolina.

Passport

Series D in 2019
Passport is a cloud tech startup that delivers intelligent data to its customers. Passport transforms mobility management with a single platform to help create an open parking ecosystem. The company's goal is to help cities bring payments into apps users already have on hand while providing management and reporting tools, creating an easy-to-manage and efficient mobility operation for the future. Passport is backed by a group of investors, including Bain Capital Ventures, Grotech Ventures, MK Capital, and Relevance Capital. It was founded in 2010 and is headquartered in Charlotte, North Carolina.

Liv Up

Venture Round in 2019
Liv Up is a direct-to-consumer food brand based in Brazil that specializes in providing natural, flash-frozen meals and snacks. The company sources its ingredients from local family farmers to ensure freshness and quality. By leveraging advanced technology and a commitment to customer satisfaction, Liv Up creates convenient and healthy meal options that cater to busy urban lifestyles. Their offerings emphasize natural ingredients, allowing consumers to enjoy organic and flavorful food at affordable prices. Through continuous innovation and process optimization, Liv Up successfully delivers its products across various metropolitan areas in Brazil.
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