Turn/River Capital

Turn/River Capital is a San Francisco-based private equity and venture capital firm established in 2011. The firm specializes in growth equity investments in small-scale technology companies, particularly in the software and SaaS sectors. Turn/River combines flexible capital with an extensive operational team that supports founders and managers in enhancing their businesses. This operational team provides services such as Sales, Marketing, and Customer Success Directors to implement best practices and facilitate rapid scaling. Turn/River focuses on a variety of investment opportunities, including bootstrapped businesses, overlooked divisions of larger companies, and formerly venture-backed firms seeking a new direction. The firm offers liquidity options for founders and former owners, as well as growth capital for acceleration or acquisitions, aiming to drive success and innovation in the technology landscape.

Matt Amico

VP of Investments

Kelsey Andrews

Associate Vice President, Investments

Dominic Ang

Founder and Managing Partner

Alvin Ang

Principal, Go To Market

Meera Balaji

Analyst, Investments

Brian Bevilacqua

Vice President, Investments

Donny Dailey

Vice President, Investments

Priya Diwakar

Associate Vice President, Investments

Chase Koschmeder

Associate Vice President, Investments

Maggie Miller

Vice President, Investments

Suman Modak

Associate Vice President, Investments

Jax Morgan

Analyst, Investments

Masaki Noguchi

Vice President, Investments

Julie Pellegrini

Partner, CFO

Rachel Power

Vice President, Growth

Natasha Shaghafi

Senior Analyst, Investments

Chase Sorgel

Operating Partner

Jarrett Stringfellow

Principal, Go To Market

Carolyn Xie

Associate Vice President, Investments

Joanne Yuan

Partner, Investments

16 past transactions

Redwood Software

Private Equity Round in 2021
Redwood Software is an international provider of enterprise automation solutions aimed at enhancing productivity for businesses. The company specializes in job scheduling, report distribution, and SAP solutions, helping organizations maximize the value of their IT infrastructure. A key product is SAP Central Process Scheduling, which is the only enterprise process scheduling solution validated and supported by SAP. Redwood also offers Cronacle for job scheduling and Report2Web for report distribution and management. Additionally, the company's software includes features for ERP and application automation, data reporting, supply chain automation, billing automation, and workload automation, all designed to streamline business activities and foster growth.

ActiveState

Private Equity Round in 2021
ActiveState's solutions give developers and enterprises the power and flexibility to develop in Java, Ruby, Python, Perl, Node.js, PHP, Tcl, and more. Stackato is ActiveState's cloud platform for creating a private platform as a service (PaaS), and is the cost-effective, secure, and portable way to develop and deploy apps to the cloud. ActiveState is proven for the enterprise: More than two million developers and 97% of Fortune-1000 companies use ActiveState's end-to-end solutions to develop, distribute, and manage their software applications. Global customers like Cisco, CA, HP, Bank of America, Siemens, and Lockheed Martin look to ActiveState to save time, save money, minimize risk, ensure compliance, and reduce time to market.

Endpoint Protector by CoSoSys

Private Equity Round in 2020
CoSoSys is a leading developer of endpoint centric Data Loss Prevention (DLP) solutions and security software. Its flagship product, Endpoint Protector, is an advanced all-in-one DLP solution for Windows, macOS, and Linux computers. The solution puts an end to unintentional data leaks, protects from malicious data theft, offers seamless control of portable storage devices, and helps to reach compliance with data protection regulations such as GDPR, HIPAA, CCPA, or PCI DSS. Endpoint Protector provides a short learning curve and flexible modules that can be mixed and matched to a customer's needs. The solution has functionalities such as Device Control, Content and Context Aware Protection, eDiscovery, and Enforced Encryption. CoSoSys' mission is to enable businesses around the world to take full advantage of the performance benefits of mobility, portability, and communications solutions, without compromising security. It is available directly to North American customers and distributes its products globally through partners and resellers. Endpoint Protector was recognized in the 2017 Gartner Magic Quadrant for Enterprise Data Loss Prevention. The company has offices in Romania, Germany, and the USA.

Advanced Systems Concepts

Corporate Round in 2019
Advanced Systems Concepts, Inc. is a software engineering company based in Morristown, New Jersey, established in 1981. The company specializes in developing enterprise middleware solutions tailored for Fortune 1000 companies, government agencies, educational institutions, and medium to large businesses, both in the United States and internationally. Notable products include ActiveBatch, a job scheduling software for managing critical business processes; XLNT, an advanced scripting language; and RemoteSHADOW, which provides real-time data replication and recovery. In addition to software, the company offers professional consulting services, training courses, and product demonstrations. Advanced Systems Concepts supports a variety of operating systems, including Windows, UNIX, Linux, and IBM z/OS, making its solutions versatile for diverse IT environments.

thinQ

Venture Round in 2018
Thinq, Inc. designs and develops cloud-based platform for businesses to enhance inbound or outbound communications via an API (Application programming interface). It provides services, such as purchase of local voice numbers, purchase, port and manage toll-free numbers, provides call routing solutions, offers voice API integrations by adding THINQ Least Cost Routing (LCR) to Twilio, Nexmo or Plivo Voice, messaging, and database solutions by implementing Caller ID (CNAM) and location routing number (LRN) solutions to calls. The company was founded in 2009 and is based in Raleigh, North Carolina.

Netsparker

Series A in 2018
Netsparker Ltd. is a company specializing in web application security, founded in 2006 and based in Pinner, United Kingdom. It develops an advanced web application security scanner that offers both desktop and cloud-based solutions. Netsparker is recognized for its accurate scanning capabilities and proprietary automatic exploitation technology, which allows it to identify vulnerabilities across various web application architectures and platforms. The company's unique Proof-Based Scanning™ technology ensures that detected vulnerabilities are legitimate by providing a proof of exploit, thereby reducing false positives. Netsparker's solutions are utilized by numerous prestigious organizations across different industries, including prominent names such as Samsung, NASA, Microsoft, ING Bank, and Ernst & Young.

Recruiterbox

Acquisition in 2018
Aplopio Technology Inc. provides Recruiterbox, a web-based recruitment software designed to streamline the hiring process for companies. Founded in 2009 and based in Indianapolis, Indiana, Recruiterbox offers a comprehensive set of features including resume management, applicant tracking, careers site management, and collaborative recruitment tools. This software enables businesses to manage resumes effectively, attract candidates from diverse sources, and collaborate with hiring teams. Additionally, Recruiterbox facilitates the automation of the end-to-end hiring process, from job posting to candidate selection, while generating reports to evaluate recruiting efforts. By focusing on enhancing the hiring experience, Recruiterbox aims to help organizations find the best talent to contribute positively to their teams.

Huddle

Acquisition in 2017
Huddle is an enterprise content collaboration company that simplifies and secures document collaboration for teams. By providing features such as version control, task management, and mobile access, Huddle enables users to share, discuss, and work on content efficiently. This platform serves various industries, including accounting, consulting, government, marketing, logistics, media, and construction. Huddle streamlines the collaboration process, reducing the time spent on organizing documents, chasing approvals, and searching through emails, ultimately allowing teams to focus on delivering exceptional results. Its transparent tracking of version changes and comments ensures a comprehensive audit trail, giving users control over document visibility and actions.

Mailgun

Venture Round in 2017
Mailgun Technologies, Inc. is an email automation platform designed specifically for developers, allowing them to easily send, receive, and track emails within their applications. Founded in 2010 and headquartered in San Antonio, Texas, with additional offices in Austin and San Francisco, Mailgun provides a range of functionalities that include creating mailboxes, forwarding emails, and managing email deliverability. The platform enables users to build applications that can send, receive, store, search, and forward emails in real time, utilizing standard protocols for seamless integration. By allowing developers to incorporate email capabilities akin to how voice and SMS services are integrated, Mailgun facilitates features such as private user mailboxes, email-driven comments, and discussion groups within applications. The company operates as a subsidiary of Rackspace Hosting, Inc.

Magnus Health

Private Equity Round in 2016
Magnus Health, LLC, founded in 2006 and based in Raleigh, North Carolina, specializes in providing web-based student medical record solutions tailored for schools and universities. The company's offerings include Magnus911, which facilitates emergency access to vital health information, and MyMagnus, a platform for sending notifications and gathering student data. Magnus Health also features a practice management solution that coordinates care among health services, athletics, and counseling departments. With over 900 programs across the country, ranging from K-12 private schools to large public universities, the company's solutions help streamline the collection and secure storage of student health information, enhancing emergency preparedness and ensuring compliance with regulations such as HIPAA and FERPA. Additionally, Magnus Health provides comprehensive client support, compliance assistance, and data services, including integrations and automatic roster imports. As of 2019, Magnus Health operates as a subsidiary of Veracross LLC.

Trakstar

Venture Round in 2016
Trakstar, Inc. is a Seattle-based company that specializes in cloud-based employee evaluation software. Founded in 2000, Trakstar provides a performance appraisal solution designed to help organizations align employee goals, facilitate instant feedback among peers, and allow individuals to access their appraisals conveniently. The software enables both employees and managers to document notes, track performance, and monitor progress towards objectives. With a commitment to enhancing user experience, Trakstar has developed customizable and affordable tools that cater to a diverse range of organizations, including cities and municipalities. Over 1,000 companies worldwide utilize Trakstar to streamline their performance management processes and foster effective goal-setting cultures.

Test IO

Series A in 2015
test IO is a developer of a self-service crowd-testing platform aimed at enhancing software quality assurance. The company leverages a global network of skilled testers and advanced AI technology to provide a comprehensive testing solution that integrates both automated and human evaluations. This approach allows application and web developers to receive detailed reports on reproducible bugs and valuable usability feedback for their websites, mobile applications, and business software. By combining innovative technology with expert insights, test IO addresses the needs of software development teams seeking to improve their products' reliability and user experience.

Airbrake

Seed Round in 2015
Airbrake Technologies, Inc. specializes in error monitoring and performance tracking for software applications. Founded in 2008 and based in San Francisco, California, the company offers a robust platform that allows engineering teams to capture, organize, and alert on software exceptions, significantly streamlining the process of identifying and resolving bugs. Airbrake's application collects detailed error reports, correlates them with software deployments, and aggregates the results for analysis, enabling technical teams to deploy updates with confidence. The service is utilized by thousands of engineering teams globally, including notable clients such as Zendesk, Groupon, and Soundcloud, handling over 600 million errors monthly. Airbrake operates as a subsidiary of Exceptional, Inc., enhancing its capabilities in providing development tools and workflows for seamless integration.

Reviewsnap

Venture Round in 2014
Reviewsnap is a complete, fully automated, self-service performance management system that offers user-friendly, reliable and affordable on-demand Software as a Service (SaaS) solutions to help your company: • Align goals for greater results • Enhance communication and coaching • Increase employee engagement • Save time and money with improved efficiency At Reviewsnap, we believe that our customers drive our business. Our employees also share this belief. In fact, they’re the champions of delivering on our most important goal: to consistently deliver outstanding service to every single user of our software. We also take great care in nurturing and supporting trusted partnerships within the communities that have helped us achieve success.

Sucuri

Venture Round in 2013
Sucuri Inc. is a security platform that provides a comprehensive suite of tools aimed at protecting website owners from online threats. Established in 2007 and based in Menifee, California, the company offers malware monitoring and cleanup services, which include detecting and remediating various types of malicious attacks, such as JavaScript injections, phishing attempts, and SQL injections. Sucuri also provides a web application firewall that features integrity monitoring, audit trails, and easy hardening solutions. Their services extend to alert systems that notify users via email, SMS, and other channels about potential security issues. Additionally, Sucuri operates the SiteCheck tool, a website malware scanner that helps identify vulnerabilities. As a subsidiary of GoDaddy Inc. since 2017, Sucuri caters to small businesses, web professionals, and enterprises, focusing on defending websites against hacks and DDoS attacks through its cloud-based solutions.

BookFresh

Venture Round in 2012
BookFresh is an online scheduling and appointment booking software designed specifically for small business owners. It serves as a leading provider of appointment solutions, enabling service professionals and brands to manage their bookings efficiently. The platform not only offers direct services to small businesses but also provides APIs and enterprise solutions for online publishers targeting small and medium-sized businesses. Additionally, BookFresh's software includes features that allow users to monitor sales trends, generate sales reports, manage inventory, and access sales history and digital receipts, thereby streamlining various operational aspects for its clients.
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