Ticonderoga Capital
Description
Ticonderoga Capital is a private investment firm based in Braintree, United States, specializing in providing expansion capital to specific sectors. The firm primarily targets healthcare software companies and tech-enabled business services firms, aiming to support their growth trajectories. Their investment strategy is centered on providing flexible capital solutions to established businesses within these niches, focusing on companies that have demonstrated a clear path to profitability and scalability.
The firm offers capital in various forms, including both equity and subordinated debt, demonstrating a versatile approach to financing. This capital is deployed to facilitate a range of strategic initiatives for their portfolio companies, such as fueling organic growth, supporting strategic acquisitions, and enabling recapitalizations. Ticonderoga Capital specifically seeks out companies that exhibit positive EBITDA, indicating a focus on profitable and stable businesses ready for scaling and further development.
Ticonderoga Capital typically invests in companies that have achieved a significant level of revenue, generally ranging from $5 million to $50 million annually. Their investment size for initial cheques is quite specific, with typical commitments falling between $5 million and $20 million. This range underscores their focus on providing substantial expansion capital to mid-market companies rather than early-stage startups. Their disciplined approach aims to partner with management teams to drive value creation and achieve long-term success.
Investor Profile
Ticonderoga Capital has backed more than 20 startups, with 0 new investments in the last 12 months alone. The firm has led 3 rounds, about 15% of its total and boasts 16 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series Unknown, Series A, Series C rounds (top funding stages).
- Majority of deals are located in United States, The Netherlands, Canada.
- Strong thematic focus on Software, Health Care, Information Technology.
- Typical check size: $5M – $20M.
Stage Focus
- Series Unknown (60%)
- Series A (15%)
- Series C (15%)
- Private Equity (5%)
- Series D (5%)
Country Focus
- United States (90%)
- The Netherlands (5%)
- Canada (5%)
Industry Focus
- Software
- Health Care
- Information Technology
- Security
- Document Management
- Enterprise Applications
- Fintech
- Enterprise Software
- Biotechnology
- Hospital
Frequently Asked Questions
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