Wellington Management

Wellington Management Company LLP, founded in 1928 and headquartered in Boston, Massachusetts, is a prominent investment management firm providing comprehensive solutions to institutional clients worldwide. The firm specializes in a diverse range of investment strategies, including equity, fixed income, multi-asset, and alternative investments, tailored to meet the unique return and risk objectives of its clients. Wellington Management employs a collaborative approach, leveraging proprietary research and analytical tools to identify opportunities and manage risks across global capital markets. The firm caters to a wide array of clients, including sovereign institutions, endowments, foundations, wealth managers, and insurance companies, spanning more than 50 countries. With a focus on long-term investment principles, Wellington Management fosters independent thought and debate within its teams, ensuring that resources are effectively utilized to deliver consistent results. The firm also emphasizes environmental, social, and governance (ESG) considerations in its research and investment processes, engaging with companies on key ESG topics.

Michael Carmen

Senior Managing Director, Partner, Private Equity Lead Portfolio Manager and Equity Portfolio Mgr

Adam Fraser

Managing Director

Kelly McDonnell

Vice President

Joshua Sommerfeld

Private Equity Principal

Past deals in Series F

Guild

Series F in 2022
Guild Education, Inc. is an educational technology company founded in 2015 and headquartered in Denver, Colorado. The company provides a lifelong learning platform designed for working adults, offering a range of online courses, workshops, and educational programs. These include bachelor’s and master’s degrees, high school diplomas, certificate programs, and language learning opportunities. Guild Education supports its users throughout their educational journey by utilizing a technology platform that facilitates discovery and learning, as well as a tech-enabled student advising model to enhance the overall experience. The company aims to empower adults to advance their education and career paths effectively.

Creditas

Series F in 2022
Creditas is a financial technology company based in São Paulo, Brazil, specializing in secured consumer loans. Founded by Sergio Furio, the company operates a digital platform that leverages credit scoring and borrower assets, such as homes and automobiles, as collateral to provide loans. This approach allows Creditas to offer affordable lending solutions by partnering with traditional financial institutions and utilizing investor-backed resources. The platform is designed to enable borrowers to repay their loans in manageable installments, thereby making financing more accessible.

Faire

Series F in 2021
Faire Wholesale, Inc. operates an online marketplace that connects independent retailers with manufacturers, facilitating the purchase of unique wholesale merchandise. Founded in 2016 and headquartered in San Francisco, California, with an additional office in Kitchener, Canada, Faire streamlines the wholesale process by offering a platform where retailers can browse items, place orders, and track shipments. The marketplace employs artificial intelligence and predictive analytics to help retailers manage inventory effectively and reduce risks associated with unsold products. Faire provides features such as net 60 payment terms and free returns, which support local retailers and independent brands in competing with larger retail chains and e-commerce platforms. The company aims to empower small business owners by delivering technological solutions, data insights, and logistical support to enhance the future of local retail.

Urban Company

Series F in 2021
UrbanClap Technologies India Pvt. Ltd., now known as Urban Company, operates a leading online platform for home services in Asia, facilitating connections between customers and service professionals. Launched in November 2014 and based in Gurugram, India, the platform offers a diverse range of services, including beauty treatments, massage therapy, cleaning, plumbing, carpentry, appliance repair, and painting. Users can easily find and hire professionals such as wedding photographers, fitness trainers, and interior designers, among others. The platform provides features that allow customers to compare quotes, review profiles, and assess the experience of service providers. Urban Company serves major cities including Delhi NCR, Bengaluru, Mumbai, Chennai, Pune, and Hyderabad, and has expanded its reach to international markets like the UAE, Singapore, and Australia. The company is dedicated to empowering service professionals by offering them training, credit, and technological support.

Patreon

Series F in 2021
Patreon Inc. operates a membership platform designed to help content creators and artists fund their work. Founded in 2013 and based in San Francisco, California, Patreon.com facilitates connections between users and provides access to various types of content, including videos, photographs, artwork, audio clips, and more. The platform allows patrons to pledge support to their favorite creators on a recurring basis, thereby empowering a new generation of artists to earn a living from their passions. By enabling direct financial support from fans, Patreon fosters a sustainable ecosystem for creative individuals to thrive.

Affirm

Series F in 2019
Affirm is a financial technology company that offers installment loans to consumers at the point of sale, allowing them to make purchases from online merchants and pay for them in fixed monthly installments. Founded in 2012 and headquartered in San Francisco, with an additional office in Chicago, Affirm aims to provide transparent financial products that empower consumers and enhance their buying experience. Customers can select Affirm as a payment method at checkout, complete a real-time application, and choose a payment plan that aligns with their budget. The service stands out by offering upfront pricing with no hidden fees or compounding interest, unlike traditional credit options. Affirm partners with over 2,000 merchants across various sectors, including retail, travel, and electronics, to provide consumers with a flexible alternative to credit cards. Loans are facilitated through a partnership with Cross River Bank, ensuring a reliable financing option for users.

Peloton

Series F in 2018
Peloton is transforming the fitness landscape by integrating high-quality design with advanced technology to offer live and on-demand fitness classes led by top instructors. Founded in 2012 and headquartered in New York, the company operates an interactive fitness platform that includes two main segments: Connected Fitness Products and Subscription services. Revenue from Connected Fitness Products comes from the sale of its bikes and treadmills, along with accessories, delivery, installation, and extended warranties. The Subscription segment, which generates the majority of the company's revenue, includes monthly fees for connected fitness and digital subscriptions. Peloton's unique approach combines hardware, software, and engaging content, creating a socially connected workout experience that appeals to a wide audience. The company sells its products online and through an expanding network of showrooms, primarily serving customers in North America and select international markets.

Sprinklr

Series F in 2016
Sprinklr, Inc. is a provider of enterprise software focused on customer experience management, primarily through its comprehensive social media management platform. Founded in 2009 and headquartered in New York City, the company offers a suite of tools designed to help brands manage social media marketing, advertising, customer care, and engagement across various channels including social media, messaging, and review sites. Sprinklr's products include capabilities for content planning, social campaign management, CRM integration, analytics, and governance, enabling organizations to gain insights from customer interactions and optimize their marketing strategies. The platform supports collaboration across various customer-facing functions, allowing companies to respond proactively to market signals and improve customer engagement. With a global presence and a client base that includes major brands like Microsoft and McDonald's, Sprinklr aims to enhance customer experiences and drive business outcomes through its integrated solutions.

DocuSign

Series F in 2015
DocuSign, Inc. is a cloud-based software company that specializes in electronic signature solutions, enabling users to prepare, execute, and manage agreements digitally. Its platform automates various manual and paper-based processes, facilitating identity management, authentication, digital signatures, and workflow automation across multiple devices. The company offers a range of services, including DocuSign CLM for automating agreement workflows, Intelligent Insights for analyzing legal documents, and tailored industry-specific solutions such as Rooms for Real Estate and FedRAMP for U.S. federal agencies. Additionally, DocuSign provides training and support to its clients, which span small- and medium-sized businesses, enterprises, and individual users across various sectors, including finance, healthcare, and government. Founded in 2003 and headquartered in San Francisco, DocuSign has expanded its operations internationally with offices in cities such as London, Sydney, and Dublin.

MarkLogic

Series F in 2015
MarkLogic Corporation is an enterprise software company that specializes in providing technology solutions to simplify data integration for organizations globally. Its primary offering is an Enterprise NoSQL database that facilitates various applications, including client onboarding, content management, data unification, and digital asset management. The MarkLogic Data Hub Service allows businesses to integrate, store, analyze, and secure mission-critical data in the cloud, supporting sectors such as finance, healthcare, media, and government. The platform is designed to eliminate friction in the data integration process, enabling organizations to achieve comprehensive data visibility and agility while reducing IT costs. MarkLogic serves a diverse clientele, including major banks, pharmaceutical companies, and government agencies, and operates from its headquarters in San Carlos, California, with additional offices worldwide. Founded in 2001, the company has established strategic partnerships with various technology firms to enhance its service offerings.

Birst

Series F in 2015
Birst, Inc. specializes in developing cloud-based business intelligence and analytics solutions tailored for various organizations, software vendors, and original equipment manufacturers (OEMs) both in the United States and globally. Founded in 2004 and based in San Francisco, Birst provides a platform that seamlessly unifies and refines data across enterprises, accommodating decentralized business users as well as centralized BI teams. Its offerings include a networked business analytics platform that enhances decision-making by connecting data and personnel, alongside value-based design and educational services. Birst's solutions cater to a wide range of applications, including sales, marketing, finance, supply chain management, and operations. As of June 2017, it operates as a subsidiary of Infor, Inc.

Zuora

Series F in 2015
Zuora, Inc. provides cloud-based software solutions that enable businesses across various industries to adopt and manage subscription models. The company offers the Zuora Central platform, which serves as an intelligent hub for automating the subscription order-to-cash process, covering functions such as quoting, billing, collections, analytics, and revenue recognition. Key products include Zuora Billing, Zuora RevPro for revenue recognition, Zuora CPQ for deal configuration, and Zuora Collect for managing collections. The firm caters to a diverse array of sectors including software, media, healthcare, and retail. Founded in 2007 and headquartered in San Mateo, California, Zuora sells its products through a combination of direct sales, global systems integrators, and various partners.

Invitae

Series F in 2014
Invitae is a genetic information company focused on integrating genetic testing into routine medical practice to enhance healthcare quality worldwide. It specializes in genetic diagnostics for hereditary disorders, offering a comprehensive service that consolidates a wide array of genetic tests into one platform, ensuring faster turnaround times and lower costs compared to traditional single-gene tests. Invitae's test offerings cover various hereditary conditions, including cancers, neurological disorders, cardiovascular diseases, pediatric and metabolic disorders. The company aims to make genetic testing more affordable and accessible, develop a secure infrastructure for genome management, and foster a global community for sharing genetic information to advance scientific research and medical practices. By lowering the barriers to obtaining diagnostic genetic information, Invitae seeks to improve healthcare outcomes for millions of individuals.

Veracode

Series F in 2014
Veracode is an independent provider of cloud-based application intelligence and security verification services, headquartered in Burlington, Massachusetts. Founded in 2006, the company offers a comprehensive platform designed to enhance the security of software applications throughout their development lifecycle. This includes internally developed, purchased, and outsourced software, as well as third-party components. Veracode's services enable security teams and software developers to identify and address security-related defects from the initial stages of development to deployment. By integrating security practices into the software development process, Veracode helps organizations protect critical data across their software supply chains, ensuring that applications remain secure and compliant.

Lookout

Series F in 2014
Lookout is a cybersecurity company that predicts and stops mobile attacks before harm is done to an individual or an enterprise. Lookout’s cloud-based technology is fueled by a global sensor network of more than 60 million users and tens of thousands of apps that are added daily. With this dataset of virtually all the mobile code in the world and the predictive machine intelligence to analyze and make sense of the data, Lookout can identify connections that would otherwise go unseen and stop cybercriminals from attacking mobile devices. Headquartered in San Francisco, Lookout has offices in Boston, London, Singapore, Tokyo, Toronto and Washington, D.C.

Pure Storage

Series F in 2014
Pure Storage is pioneering a new class of enterprise storage that has been designed from the ground up to take full advantage of flash memory. The company's products accelerate random I/O-intensive applications like server virtualization, desktop virtualization (VDI), database (OLTP, rich analytics/OLAP, SQL, NoSQL), and cloud computing. Pure Storage makes it cost effective to broadly deploy flash within the data center, enabling organizations to manage growth within existing power and space constraints. Launching later this year, the company's products are in private beta with select customers. Pure Storage is funded by Greylock Partners and Sutter Hill Ventures.
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