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Serent Capital

North America, California, United States, San Francisco

Description

Serent Capital is a San Francisco-based private equity firm, distinct from traditional venture capital, specializing in investments in already successful, growing businesses. The firm targets companies that have demonstrated compelling solutions and established customer bases, typically those generating between $10 million and $200 million in annual revenue. Their investment approach is centered on providing significant capital alongside strategic resources and operational support to accelerate growth, rather than focusing on seed or early-stage funding.

Serent Capital primarily targets companies within the healthcare, software, and tech-enabled services sectors. They engage in various transaction types, including growth equity investments, recapitalizations, and management buyouts. A core tenet of their strategy is to partner with founders and management teams, leveraging their in-house operational expertise to help portfolio companies scale. They emphasize a collaborative approach, offering guidance on areas such as sales and marketing optimization, product development, and talent acquisition to drive sustainable expansion.

Serent Capital typically deploys substantial capital, with initial investments ranging from $20 million to $150 million per company. This significant check size reflects their focus on mature, revenue-generating businesses seeking to achieve their next phase of expansion. The firm has a strong track record of fundraising, having recently closed its fifth fund, Serent Capital Fund V, at an impressive $1.1 billion in 2022. This substantial capital base enables them to continue making meaningful investments and support the long-term growth of their portfolio companies.

Investor Profile

Serent Capital has backed more than 61 startups, with 5 new investments in the last 12 months alone. The firm has led 34 rounds, about 56% of its total and boasts 19 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Private Equity, Series Unknown, Secondary Market rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Software, Information Technology, Health Care.
  • Led 5 rounds in the past year.
  • Typical check size: $20M – $150M.

Stage Focus

  • Private Equity (56%)
  • Series Unknown (43%)
  • Secondary Market (2%)

Country Focus

  • United States (93%)
  • Canada (5%)
  • United Kingdom (2%)

Industry Focus

  • Software
  • Information Technology
  • Health Care
  • Enterprise Software
  • Medical
  • Saas
  • Education
  • Financial Services
  • Computer
  • Hotel
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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 Serent Capital frequently co-invest with?

M
North America, California, United States, San Francisco
Co-Investments: 1
DC
North America, Texas, United States, Dallas
Co-Investments: 1
LoneTree Capital
North America, New York, United States, New York
Co-Investments: 1
Insight Partners
North America, New York, United States, New York
Co-Investments: 1
Riverside Company
North America, New York, United States, New York
Co-Investments: 1
Parthenon Capital Partners
North America, Massachusetts, United States, Boston
Co-Investments: 1
Saratoga Partners
North America, New York, United States, New York
Co-Investments: 5
Redmile Group
North America, California, United States, San Francisco
Co-Investments: 1

What are some of recent deals done by Serent Capital?

GovWorx

Denver, Colorado, United States

GovWorx is a public safety technology company specializing in AI-powered quality assurance (QA), training, and decision-support tools.

Information and Communications Technology (ICT)Law EnforcementMedical
Private EquityJun 26, 2025
PhotoDay

Winter Park, Florida, United States

PhotoDay provides a complete workflow solution for school, sports, and event photographers.

E-Commerce PlatformsEnterprise Software
Private EquityJun 24, 2025
Plotbox

Ballymena, Ballymena, United Kingdom

PlotBox is a developer of a cemetery management software used to facilitate cemeteries operation services.

GPSProperty ManagementRental PropertySoftware
Private EquityApr 22, 2025
Casino Cash Trac

Tulsa, Oklahoma, United States

Casino Cash Trac develops and sells its leading product to manage the Casino’s entire accounting operations.

Information ServicesInformation TechnologyProduct Management
Private EquityMar 18, 2025
Finys

Troy, Michigan, United States

Finys Software Suite for Property and Casualty Carriers from Innovative Computer Systems, Inc.

Information TechnologySoftware
Private EquityNov 1, 2024
HarperDB

Denver, Colorado, United States

Build lightning-fast, global-scale backend services with HarperDB, the all-in-one Distributed Systems Platform.

AnalyticsBig DataData StorageEnterprise ApplicationsEnterprise SoftwareIndustrialInternet of ThingsMachine LearningMessagingSoftware
Private EquityJun 12, 2024
Traumasoft

Kalamazoo, Michigan, United States

Connected software for the EMS industry.

Cloud ComputingComputerInformation TechnologySoftware
Private EquityApr 10, 2024
EmployerDirect Healthcare

Dallas, Texas, United States

EmployerDirect Healthcare is a supplemental healthcare benefit that directs planned medical procedures to high-quality providers.

Health CareHospitalMedicalMedical DeviceMental Health
Secondary MarketDec 19, 2023
Amount Raised: $92,000,000
DirectShifts

New York, New York, United States

DirectShifts is a healthcare labor marketplace, connecting healthcare workers with organizations for contract/per-diem/full time work

Health CareRecruiting
Series UnknownNov 3, 2022
Studio Designer

Los Angeles, California, United States

Studio Designer is an application for interior design professionals.

AppsInterior DesignSoftware
Private EquityAug 10, 2022