Sovereign's E&S

Sovereign's E&S is a buyout fund managed by Sovereign's Capital, a private equity firm established in 2012 and headquartered in Atlanta, Georgia. The firm focuses on growth-stage investments across a diverse range of sectors, including B2B technology, healthcare IT, consumer software as a service, and medical devices. Sovereign's Capital aims to capitalize on opportunities in the United States and Southeast Asia, particularly in industries that are experiencing growth due to an expanding middle class and are underrepresented in public markets. With a team possessing deep expertise in these areas, Sovereign's E&S seeks to enhance the value of its portfolio companies through strategic investments and operational improvements.

John Bitsas

Principal, Private Equity

Jessica Castillo

Operating Partner

Casey Crawford

Partner and Board Member

Kenneth Ewell

Principal, Fund of Funds

Phillip Jung

Partner, Venture Capital

Andrew Kean

Principal, Private Equity

Matt Monson

Partner, Public Equity and Portfolio Manager

Adam Nichols

Principal, Private Equity

Luke Roush

Co-Founder and Managing Partner

Justin Speer

Principal and Senior Analyst, Public Equity

Kevin Sutantyo

Partner

Jacob Thomsen

Managing Partner, Venture Capital

David Tjokrorahardjo

Managing Principal

Michael Tremain

Managing Partner, Private Equity

Past deals in North Carolina

Relay

Series A in 2023
Relay is a company that specializes in communication solutions designed for businesses with mobile teams. Their offerings include devices equipped with cellular push-to-talk functionality, GPS tracking, and panic button features, which facilitate seamless communication in various environments. Additionally, Relay provides transmission equipment, wireless charging pads, and other accessories that integrate with a cloud-based platform. This platform enhances voice technology and includes tools for GPS tracking, enabling businesses to improve operational efficiency while ensuring the security of critical information. Overall, Relay's products aim to enhance connectivity and support the unique needs of teams on the go.

TADA

Series B in 2021
TADA Network PTE LTD develops a customer retention platform that facilitates engagement between users and brands through memberships, subscriptions, offers, rewards, and referrals. Founded in 2012 and headquartered in Singapore, the company also has offices in Makati, Jakarta, and Kuala Lumpur. TADA's platform is designed to help businesses enhance customer loyalty and profitability by providing tailored solutions that include personalized business assessments and product demonstrations. The aim is to improve customer retention and expand lifetime value, allowing clients to achieve sustainable growth. Through its mobile application, TADA offers an omnichannel rewards marketing approach that assists companies in optimizing their customer relationships.

ArenaCX

Seed Round in 2020
ArenaCX, Inc. is a provider of a SaaS platform designed for on-demand customer service, facilitating connections between businesses and outsourced labor providers. Founded in 2020 and based in Raleigh, North Carolina, the company's software integrates with existing customer service systems to leverage machine learning for the efficient categorization, prioritization, and assignment of support tickets. ArenaCX operates a marketplace where contact centers compete to deliver superior service, ensuring that brands can effectively manage outsourced call center needs. The platform offers a network of integrated contact centers that triage, route, and report on customer interactions in near real-time, ultimately driving down costs while enhancing service outcomes for early-stage companies, enterprises, and contact centers.

410 Medical

Series A in 2019
410 Medical is a healthcare company based in Durham, North Carolina, founded in 2013. It specializes in developing a rapid infuser device designed to assist critically ill patients who require volume resuscitation. This innovative solution enables healthcare providers to quickly deliver fluids, including blood and other essential components, thereby enhancing the speed and efficiency of care for patients facing life-threatening conditions like sepsis and shock. The device allows for fast setup and minimizes provider fatigue, enabling a single healthcare provider to manage multiple patient care issues simultaneously. It is particularly beneficial in pre-hospital settings and emergency departments, where timely intervention is crucial and resources may be constrained.

TADA

Series B in 2018
TADA Network PTE LTD develops a customer retention platform that facilitates engagement between users and brands through memberships, subscriptions, offers, rewards, and referrals. Founded in 2012 and headquartered in Singapore, the company also has offices in Makati, Jakarta, and Kuala Lumpur. TADA's platform is designed to help businesses enhance customer loyalty and profitability by providing tailored solutions that include personalized business assessments and product demonstrations. The aim is to improve customer retention and expand lifetime value, allowing clients to achieve sustainable growth. Through its mobile application, TADA offers an omnichannel rewards marketing approach that assists companies in optimizing their customer relationships.

First

Series A in 2018
First is a software company that uses artificial and predictive intelligence on when and why people move to predict sales and marketing. It brings predictive marketing to real estate. Fundamentally changing how service providers find their next customer. They discover when and why people will buy or sell a house, so they can connect realtors with new clients at the perfect time. Thus, the company predicts who will sell by tracking 700+ signals across 214 million people nationwide.

RevBoss

Venture Round in 2017
RevBoss, Inc. is a provider of on-demand sales development software and services tailored for B2B and SaaS companies. Founded in 2012 and based in Durham, North Carolina, RevBoss offers a comprehensive sales engine that automates the prospecting process. Its platform includes features for sourcing and cleaning data, deploying and testing sales campaigns, and offering analytics and reporting. The software enables clients to access targeted prospect segments, streamline sales workflows, and deliver personalized content, ultimately helping companies to enhance their sales pipelines and increase customer acquisition through effective outbound sales development.

CloudFactory

Series B in 2017
CloudFactory Limited provides a cloud-based workforce solution that focuses on automating business processes involving large volumes of data entry, collection, and processing. Founded in 2010 and headquartered in Durham, North Carolina, with an additional office in Reading, United Kingdom, the company offers services such as machine learning, document transcription, and data enrichment under the WorkStream brand. The work is organized into microtasks that are executed by a global, on-demand workforce, allowing for efficient task completion along virtual assembly lines. As a social enterprise, CloudFactory aims to connect one million individuals in developing countries to basic computer work, empowering them to become leaders in their communities and combat poverty. The company first introduced its beta version at TechCrunch Disrupt in San Francisco in September 2011.

NeuroTronik

Series B in 2017
NeuroTronik, spun out of medical technology incubator Synecor, is developing a medical device that could take the place of drugs currently used to heart failure. Read more about the company's technology,

410 Medical

Series A in 2017
410 Medical is a healthcare company based in Durham, North Carolina, founded in 2013. It specializes in developing a rapid infuser device designed to assist critically ill patients who require volume resuscitation. This innovative solution enables healthcare providers to quickly deliver fluids, including blood and other essential components, thereby enhancing the speed and efficiency of care for patients facing life-threatening conditions like sepsis and shock. The device allows for fast setup and minimizes provider fatigue, enabling a single healthcare provider to manage multiple patient care issues simultaneously. It is particularly beneficial in pre-hospital settings and emergency departments, where timely intervention is crucial and resources may be constrained.

RevBoss

Seed Round in 2015
RevBoss, Inc. is a provider of on-demand sales development software and services tailored for B2B and SaaS companies. Founded in 2012 and based in Durham, North Carolina, RevBoss offers a comprehensive sales engine that automates the prospecting process. Its platform includes features for sourcing and cleaning data, deploying and testing sales campaigns, and offering analytics and reporting. The software enables clients to access targeted prospect segments, streamline sales workflows, and deliver personalized content, ultimately helping companies to enhance their sales pipelines and increase customer acquisition through effective outbound sales development.

EmployUs

Seed Round in 2015
EmployUs Inc. is a mobile-first hiring application founded in 2014 and based in Cary, North Carolina. The company specializes in automating the referral process for job applicants, allowing users to send referrals directly from their smartphones. EmployUs incentivizes this process by offering cash rewards to users who successfully connect companies with qualified candidates. This platform not only benefits employees and job seekers but also streamlines the hiring process for recruiters, facilitating a more efficient way to manage employee referrals and enhance recruitment efforts.

First

Seed Round in 2015
First is a software company that uses artificial and predictive intelligence on when and why people move to predict sales and marketing. It brings predictive marketing to real estate. Fundamentally changing how service providers find their next customer. They discover when and why people will buy or sell a house, so they can connect realtors with new clients at the perfect time. Thus, the company predicts who will sell by tracking 700+ signals across 214 million people nationwide.

TADA

Series A in 2015
TADA Network PTE LTD develops a customer retention platform that facilitates engagement between users and brands through memberships, subscriptions, offers, rewards, and referrals. Founded in 2012 and headquartered in Singapore, the company also has offices in Makati, Jakarta, and Kuala Lumpur. TADA's platform is designed to help businesses enhance customer loyalty and profitability by providing tailored solutions that include personalized business assessments and product demonstrations. The aim is to improve customer retention and expand lifetime value, allowing clients to achieve sustainable growth. Through its mobile application, TADA offers an omnichannel rewards marketing approach that assists companies in optimizing their customer relationships.

410 Medical

Seed Round in 2014
410 Medical is a healthcare company based in Durham, North Carolina, founded in 2013. It specializes in developing a rapid infuser device designed to assist critically ill patients who require volume resuscitation. This innovative solution enables healthcare providers to quickly deliver fluids, including blood and other essential components, thereby enhancing the speed and efficiency of care for patients facing life-threatening conditions like sepsis and shock. The device allows for fast setup and minimizes provider fatigue, enabling a single healthcare provider to manage multiple patient care issues simultaneously. It is particularly beneficial in pre-hospital settings and emergency departments, where timely intervention is crucial and resources may be constrained.

CloudFactory

Series A in 2014
CloudFactory Limited provides a cloud-based workforce solution that focuses on automating business processes involving large volumes of data entry, collection, and processing. Founded in 2010 and headquartered in Durham, North Carolina, with an additional office in Reading, United Kingdom, the company offers services such as machine learning, document transcription, and data enrichment under the WorkStream brand. The work is organized into microtasks that are executed by a global, on-demand workforce, allowing for efficient task completion along virtual assembly lines. As a social enterprise, CloudFactory aims to connect one million individuals in developing countries to basic computer work, empowering them to become leaders in their communities and combat poverty. The company first introduced its beta version at TechCrunch Disrupt in San Francisco in September 2011.

Anutra Medical

Series A in 2014
Anutra Medical is a medical device company based in Morrisville, North Carolina, that specializes in the development of local anesthetic delivery systems for dental practices worldwide. The company offers innovative products, including a dispenser for precise doses of buffered anesthetic, a disposable syringe that allows for multiple doses, and a cassette designed to simplify the buffering process. Anutra's systems aim to enhance the patient experience by reducing the burning sensation often associated with injections, facilitating a smoother and more efficient delivery. This approach not only saves time for dental professionals but also improves overall patient care, enabling dentists to operate with greater efficiency and predictability. Additionally, Anutra provides training services to support clinicians in utilizing their products effectively.
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