Montlake Capital

Montlake Capital LLC is a Seattle-based investment firm founded in 1999, specializing in venture capital and private equity. The firm focuses on a range of investment strategies including control and non-control investments, growth equity, and leveraged buyouts, primarily targeting middle-market companies. Montlake Capital invests in various sectors such as consumer products and services, business products and services, financial services, growth technology, health and wellness, and retail. The firm prefers companies located in the Northwest and Western United States, particularly in the Pacific Northwest and Rocky Mountains, with revenues between $5 million and $50 million and EBITDA ranging from $1 million to $10 million. Montlake Capital typically takes a minority stake in its portfolio companies and actively engages as a board member to support their growth. The team has a proven track record, having contributed to companies with a combined market value exceeding $10 billion and achieving significant investment returns through multiple IPO and M&A transactions.

Noel de Turenne

Managing Director

Dale Vogel

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 is the only company in the world dedicated solely to the design, development and manufacture of Enhanced Vision Systems for the aviation industry.Driven by an extremely passionate and experienced team of scientists, engineers and business partners, Max-Viz maintains a clear vision of its mission: increased safety for all 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, specializes in providing software solutions for the vacation rental industry. The company's primary product, EscapiaONE Vacation Rental Management Software, is designed to streamline operations for property managers, offering a comprehensive suite of tools tailored to the unique needs of vacation rental businesses. By focusing on delivering best-in-class solutions, Escapia aims to enhance efficiency and improve management processes within the growing vacation rental sector.

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 is the only company in the world dedicated solely to the design, development and manufacture of Enhanced Vision Systems for the aviation industry.Driven by an extremely passionate and experienced team of scientists, engineers and business partners, Max-Viz maintains a clear vision of its mission: increased safety for all civilian and military aviation.