Montlake Capital

Montlake Capital LLC is a venture capital and private equity investment firm headquartered in Seattle, Washington, with an additional office in Portland, Oregon. Established in 1999, the firm specializes in control and non-control investments, focusing on growth equity, leveraged buyouts, and middle-market opportunities. Montlake Capital primarily targets companies within the consumer products and services, business products and services, financial services, growth technology, health and wellness, and retail sectors, with a preference for investments in the Northwest and Western United States. The firm typically seeks to invest in companies that generate between $5 million and $50 million in revenue and have EBITDA ranging from $1 million to $10 million. Montlake Capital aims to take a minority stake in its portfolio companies and actively participates as a board member, leveraging its extensive investing and operating experience to drive growth and success. The firm has a proven track record, having contributed to the development of companies with a combined market value exceeding $10 billion, with successful exits through IPOs and mergers and acquisitions.

Noel de Turenne

Managing Director

12 past transactions

ClearAccess

Series B in 2009
ClearAccess offers advanced broadband CPE management solutions based on the TR-069 standard that address the growing need for automatic subscriber activation, remote CPE management, and new incremental revenue streams. The ClearVision Management System decreases operational expenses and customer churn by offering greater WAN/LAN support capabilities as well as increasing profitability through the delivery of new data services.

Wellpartner

Series D in 2008
Wellpartner is a nationally recognized provider of pharmacy distribution solutions for health plans, Medicaid programs, and safety net organizations throughout the country. Dedicated to lowering the cost of medications, we offer innovative approaches that improve pharmacy care for individuals through the use of retail contract pharmacy services. We are the largest independent provider of contract pharmacy program services in the nation.

Max-Viz

Venture Round in 2008
Max-Viz specializes in the design, development, and manufacture of Enhanced Vision Systems tailored for the aviation industry. As the sole company dedicated to this technology, Max-Viz focuses on creating infrared vision systems that enable aircraft operators to see clearly in challenging conditions such as fog, haze, smoke, and darkness. The company is driven by a team of experienced scientists, engineers, and business partners who are committed to enhancing safety for both civilian and military aviation.

PayScale

Series C in 2007
PayScale, Inc. specializes in cloud-based compensation software designed for both individuals and businesses. The company offers a suite of solutions including Insight Expert, which streamlines salary benchmarking and assists in setting pay ranges, managing pay increases, and generating executive reports. It also features tools for pricing jobs across various geographies and industries, along with Insight Lab, which provides HR professionals with data-driven compensation insights. In addition to software, PayScale offers professional services to evaluate and enhance current compensation structures, develop strategies, and provide ongoing management and training for effective compensation conversations. The company serves a diverse range of industries, including healthcare, manufacturing, and technology, and has a customer base of over 8,000 organizations, from small businesses to large corporations. Founded in 2002 and headquartered in Seattle, Washington, PayScale also has offices in Kentucky, Colorado, and North Carolina.

Wellpartner

Series C in 2007
Wellpartner is a nationally recognized provider of pharmacy distribution solutions for health plans, Medicaid programs, and safety net organizations throughout the country. Dedicated to lowering the cost of medications, we offer innovative approaches that improve pharmacy care for individuals through the use of retail contract pharmacy services. We are the largest independent provider of contract pharmacy program services in the nation.

Escapia

Venture Round in 2006
Escapia, Inc., established in 2000, is a provider of software solutions tailored for the vacation rental industry. The company specializes in offering comprehensive management and marketing tools for property managers through its primary product, EscapiaONE. This integrated, web-based platform equips vacation rental managers with essential resources, including marketing capabilities and website management technologies, to effectively navigate the growing real estate market for vacation rentals in the United States. Escapia's focus is on delivering best-in-class solutions that enhance operational efficiency and support the unique needs of property management businesses.

Intrepid Learning, Inc.

Private Equity Round in 2006
Learner-First Technology for Business Results Intrepid’s corporate learning platform delivers business impact by empowering learners with a deeply engaging SaaS experience that can scale to as many people as you need it to. (1,000? Yes. 100,000? Also yes). Welcome to modern corporate learning. The kind you’ve been searching for. With integrated social and collaborative features and capabilities specifically designed to meet corporate L&D goals in the modern world, Intrepid has proven that scale and engagement are not mutually exclusive. Nor are online learning and meaningful collaboration. What’s your critical business goal? Onboarding, sales enablement, leadership, strategic transformation, partner and customer education…? How do you want to get your learners there…? A continuous learning journey, a blended approach, a time-bound cohort-driven collaborative experience (aka corporate MOOC), self-directed? Whatever your learning goal & business goal combination, Intrepid’s elegant and intuitive technology can help you deliver the results you need.

PayScale

Series B in 2005
PayScale, Inc. specializes in cloud-based compensation software designed for both individuals and businesses. The company offers a suite of solutions including Insight Expert, which streamlines salary benchmarking and assists in setting pay ranges, managing pay increases, and generating executive reports. It also features tools for pricing jobs across various geographies and industries, along with Insight Lab, which provides HR professionals with data-driven compensation insights. In addition to software, PayScale offers professional services to evaluate and enhance current compensation structures, develop strategies, and provide ongoing management and training for effective compensation conversations. The company serves a diverse range of industries, including healthcare, manufacturing, and technology, and has a customer base of over 8,000 organizations, from small businesses to large corporations. Founded in 2002 and headquartered in Seattle, Washington, PayScale also has offices in Kentucky, Colorado, and North Carolina.

Vanson HaloSource

Series B in 2005
In the spring of 2002, Vanson, Inc. and HaloSource Corp. merged to form Vanson HaloSource, Inc. in order to expand opportunities for product commercialization by capitalizing on manufacturing facilities, distribution channels and intellectual property. Vanson’s cGMP certified manufacturing facility, located in Western Washington accommodates the production of most of Vanson HaloSource's products. The management team and a talented pool of chemists, biochemists and microbiologists are working together to create and expand the Company’s broad spectrum of applications. Today the Company holds dozens of patents and patents pending on a broad range of products that are distributed to the pool and spa, wastewater treatment, and biomedical industries. The Company has a substantial pipeline of proprietary new products in research and development, and a growing number of strategic alliances with prestigious companies to manufacture and market value-added chitin/chitosan-based and antimicrobial products.

PayScale

Series A in 2004
PayScale, Inc. specializes in cloud-based compensation software designed for both individuals and businesses. The company offers a suite of solutions including Insight Expert, which streamlines salary benchmarking and assists in setting pay ranges, managing pay increases, and generating executive reports. It also features tools for pricing jobs across various geographies and industries, along with Insight Lab, which provides HR professionals with data-driven compensation insights. In addition to software, PayScale offers professional services to evaluate and enhance current compensation structures, develop strategies, and provide ongoing management and training for effective compensation conversations. The company serves a diverse range of industries, including healthcare, manufacturing, and technology, and has a customer base of over 8,000 organizations, from small businesses to large corporations. Founded in 2002 and headquartered in Seattle, Washington, PayScale also has offices in Kentucky, Colorado, and North Carolina.

Intrepid Learning, Inc.

Venture Round in 2004
Learner-First Technology for Business Results Intrepid’s corporate learning platform delivers business impact by empowering learners with a deeply engaging SaaS experience that can scale to as many people as you need it to. (1,000? Yes. 100,000? Also yes). Welcome to modern corporate learning. The kind you’ve been searching for. With integrated social and collaborative features and capabilities specifically designed to meet corporate L&D goals in the modern world, Intrepid has proven that scale and engagement are not mutually exclusive. Nor are online learning and meaningful collaboration. What’s your critical business goal? Onboarding, sales enablement, leadership, strategic transformation, partner and customer education…? How do you want to get your learners there…? A continuous learning journey, a blended approach, a time-bound cohort-driven collaborative experience (aka corporate MOOC), self-directed? Whatever your learning goal & business goal combination, Intrepid’s elegant and intuitive technology can help you deliver the results you need.

Max-Viz

Venture Round in 2002
Max-Viz specializes in the design, development, and manufacture of Enhanced Vision Systems tailored for the aviation industry. As the sole company dedicated to this technology, Max-Viz focuses on creating infrared vision systems that enable aircraft operators to see clearly in challenging conditions such as fog, haze, smoke, and darkness. The company is driven by a team of experienced scientists, engineers, and business partners who are committed to enhancing safety for both civilian and military aviation.
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