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Plymouth Growth

North America, Michigan, United States, Ann Arbor

Description

Plymouth Growth is an Ann Arbor, Michigan-based venture capital firm specializing in growth-stage investments for B2B software and tech-enabled services companies. A key differentiator is their strategic focus on companies located primarily in the Midwest and other non-coastal, underserved regions of the United States. This approach addresses a significant funding gap outside traditional tech hubs, providing crucial capital to promising businesses that might otherwise be overlooked.

The firm provides growth capital to companies demonstrating strong revenue growth, capital efficiency, and robust management teams. Their typical initial investment ranges from $5 million to $20 million, providing substantial capital for scaling operations, product development, and market expansion. Plymouth Growth aims to be a long-term partner, offering strategic guidance and operational support beyond just financial investment, helping portfolio companies navigate the complexities of rapid growth.

Founded in 2002, Plymouth Growth has built a significant track record over two decades. They have invested in over 30 companies, demonstrating their commitment to fostering innovation in overlooked markets. Their most recent fund, Plymouth Growth Partners V, successfully closed at $125 million, underscoring their continued capacity to support promising B2B tech ventures. The firm's collaborative partnership model emphasizes working closely with management teams to achieve sustainable success and maximize enterprise value.

Investor Profile

Plymouth Growth has backed more than 63 startups, with 1 new investments in the last 12 months alone. The firm has led 36 rounds, about 57% of its total and boasts 12 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Debt Financing rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Australia.
  • Strong thematic focus on Software, Information Technology, Enterprise Software.
  • Led 1 rounds in the past year.
  • Typical check size: $5M – $20M.

Stage Focus

  • Series A (22%)
  • Series Unknown (21%)
  • Debt Financing (16%)
  • Series B (14%)
  • Series D (8%)
  • Series C (6%)
  • Private Equity (3%)
  • Undisclosed (3%)
  • Seed (2%)
  • Series E (2%)

Country Focus

  • United States (95%)
  • Canada (3%)
  • Australia (2%)

Industry Focus

  • Software
  • Information Technology
  • Enterprise Software
  • Saas
  • Analytics
  • Telecommunications
  • Health Care
  • Electronics
  • Manufacturing
  • Voip
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Plymouth Growth frequently co-invest with?

Baird Capital
North America, Wisconsin, United States, Milwaukee
Co-Investments: 2
Rev1 Ventures
North America, Ohio, United States, Columbus
Co-Investments: 4
HPA (Hyde Park Angels)
North America, Illinois, United States, Chicago
Co-Investments: 6
Beringea
North America, Michigan, United States, Farmington Hills
Co-Investments: 7
Hyde Park Venture Partners
North America, Illinois, United States, Chicago
Co-Investments: 4
G
North America, Wisconsin, United States, Waukesha
Co-Investments: 2
Elevate Ventures
North America, Indiana, United States, Indianapolis
Co-Investments: 3
SC
North America, Michigan, United States, Detroit
Co-Investments: 3
Grand Angels
North America, Michigan, United States, Holland
Co-Investments: 2
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 2

Which angels does Plymouth Growth often collaborate with?

EU
North America, Michigan, United States, Ann Arbor
Shared Deals: 1
RD
North America, Indiana, United States, Indianapolis
Shared Deals: 1
WB
North America, Illinois, United States, Chicago
Shared Deals: 1
AP
North America, Illinois, United States, Chicago
Shared Deals: 1
MP
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Plymouth Growth?

Metopio

Chicago, Illinois, United States

Metopio provides data analytics platform that helps public and private sector leaders make informed decisions that drive community progress.

AnalyticsData VisualizationGovTechInformation TechnologyMachine LearningSoftware
Series UnknownApr 7, 2025
Amount Raised: $6,000,000
Traction

Auburn, Indiana, United States

Traction provides farm management software that helps farmers plan, track, and analyze their operations.

AgTechFarmingSoftware
Series AMay 21, 2024
Amount Raised: $10,000,000
Allied Payment Network

Fort Wayne, Indiana, United States

Allied Payment Network is a fintech company that specializes in payment technology for financial institutions.

FinanceFinancial ServicesPayments
Series UnknownJan 9, 2024
3BG Supply Co.

Fort Wayne, Indiana, United States

Tech-enabled distribution company focused operational excellence and digitizing to create a seamless, customer focused experience

IndustrialInformation TechnologyService Industry
UndisclosedMar 22, 2023
Amount Raised: $2,500,000
MentorcliQ

Columbus, Ohio, United States

MentorcliQ is an employee mentoring software platform that helps upskill and retain employees.

B2BHuman ResourcesProductivity ToolsSaaS
Series UnknownMar 9, 2023
Amount Raised: $80,000,000
Forj

Waukesha, Wisconsin, United States

Forj is a virtual event platform for professional membership groups and associations.

Event ManagementEventsSoftware
Series ADec 22, 2022
Amount Raised: $15,000,000
CloseSimple

Minneapolis, Minnesota, United States

CloseSimple is a real estate based software firm making conversation around buying or selling a house easier through text message and email.

EmailInformation TechnologySoftware
Private EquityDec 8, 2022
Wellspring

Chicago, Illinois, United States

Wellspring provides software to manage tech scouting, licensing, investing, and university tech transfer.

Information TechnologyIntellectual PropertySoftware
Private EquityJul 14, 2022
ReadySet Surgical

Cleveland, Ohio, United States

ReadySet Surgical is a surgical coordination platform that simplifies the surgical vendor supply chain.

Cloud Data ServicesHealth CareHospitalLogisticsMedical DeviceSaaSSupply Chain Management
UndisclosedJun 24, 2022
Deck Commerce

St Louis, Missouri, United States

Deck Commerce is a cloud-based solution platform developer intended to streamline e-commerce operations.

E-CommerceE-Commerce PlatformsInternetSaaS
Series AOct 12, 2021
Amount Raised: $7,800,000