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Topmark Partners

North America, Florida, United States, Tampa

Description

Topmark Partners, based in Tampa, Florida, is a growth equity firm that specializes in providing capital to expansion-stage businesses. Operating as the successor firm to Stonehenge Growth Equity Partners, Topmark leverages a long-standing track record in the venture capital landscape, having evolved its identity while maintaining its core investment philosophy. The firm primarily targets companies with proven business models, strong management teams, and significant revenue traction, focusing on sectors such as software, tech-enabled services, healthcare IT, and business services.

Topmark's investment strategy centers on providing growth capital to companies that are past the early startup phase and are ready to scale. Beyond capital, they emphasize a hands-on approach, offering strategic guidance, operational expertise, and access to their extensive network to help portfolio companies achieve their growth objectives. They actively seek to partner with management teams that demonstrate strong leadership and a clear vision for market expansion, aiming to be a value-added partner throughout the growth journey.

The firm has a substantial capital base, having raised over $600 million across multiple funds since its inception. Their typical initial investment ranges from $5 million to $15 million, with the flexibility to participate in larger rounds through co-investments or provide additional capital for follow-on rounds. While their primary geographic focus is the Southeastern and Mid-Atlantic United States, they are open to compelling opportunities across the nation. This strategic geographic focus allows them to build strong regional networks and provide localized support to their portfolio companies, fostering long-term success.

Investor Profile

Topmark Partners has backed more than 27 startups, with 2 new investments in the last 12 months alone. The firm has led 7 rounds, about 26% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series Unknown, Seed rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Health Care, Software, Elder Care.
  • Led 1 rounds in the past year.
  • Typical check size: $5M – $15M.

Stage Focus

  • Series B (26%)
  • Series Unknown (26%)
  • Seed (19%)
  • Series A (15%)
  • Series C (7%)
  • Series D (4%)
  • Private Equity (4%)

Country Focus

  • United States (100%)

Industry Focus

  • Health Care
  • Software
  • Elder Care
  • Web Development
  • Saas
  • Medical
  • Information Technology
  • Biotechnology
  • Medical Device
  • Cloud Computing
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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 Topmark Partners frequently co-invest with?

UpVentures Capital
North America, New York, United States, Little Falls
Co-Investments: 2
Forté Ventures
North America, Georgia, United States, Atlanta
Co-Investments: 2
Sierra Ventures
North America, California, United States, San Mateo
Co-Investments: 5
Armory Square Ventures
North America, New York, United States, Syracuse
Co-Investments: 2
Ziegler Link-Age Funds
North America, Illinois, United States, Chicago
Co-Investments: 2
Traverse Venture Partners
North America, District of Columbia, United States, Washington
Co-Investments: 3
AXA Venture Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 3
Better Ventures
North America, California, United States, Oakland
Co-Investments: 3
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 4
Vocap Partners
North America, Georgia, United States, Atlanta
Co-Investments: 2

Which angels does Topmark Partners often collaborate with?

MT
North America, Nevada, United States, Stateline
Shared Deals: 2
AL
North America, New York, United States, Rochester
Shared Deals: 2
JF
North America, Florida, United States, Orlando
Shared Deals: 1
MB
North America, New York, United States, Utica
Shared Deals: 1
AZ
North America, New York, United States, Rochester
Shared Deals: 2

What are some of recent deals done by Topmark Partners?

Case Status

North Charleston, South Carolina, United States

Case Status operates as a cloud-based, client engagement tool for the legal services industry.

Cloud Data ServicesLegalLegal TechProfessional ServicesSaaS
Series BOct 8, 2024
Amount Raised: $19,700,000
CoachCare

New York, New York, United States

CoachCare develops a virtual health and remote patient monitoring platform that offers personalized programs of losing weight.

ConsumerHealth CareService Industry
Private EquityJul 25, 2024
Amount Raised: $48,000,000
K4Connect

Raleigh, North Carolina, United States

K4Connect develops solutions intended to serve and empower older adults and individuals living with disabilities.

Elder CareHealth CareSoftwareWeb Development
Series CJul 13, 2023
Amount Raised: $8,976,368
Datasembly

Washington, District of Columbia, United States

Datasembly collects product data and provides real-time pricing, promotions, assortment, and availability data to clients.

Consumer GoodsE-CommerceMarketingRetail
Series BMay 23, 2023
Amount Raised: $16,000,000
Soundstripe

Nashville, Tennessee, United States

Soundstripe offers unlimited, royalty-free music, stock video, and sound effects for use in videos, podcasts, and other media projects.

Film ProductionMusicVideo
Series BAug 30, 2022
Amount Raised: $9,000,000
CEIPAL

Rochester, New York, United States

CEIPAL is an integrated Cloud HCM solution delivers in a single platform from hiring to workforce collaboration from anywhere anytime.

Cloud ComputingEnterprise SoftwareHuman ResourcesInternetRecruitingSaaSSoftwareStaffing Agency
Series BJun 16, 2022
Amount Raised: $16,500,000
itopia

Miami, Florida, United States

Itopia is a desktop-as-a-service solution that provides an end-to-end automated and orchestrated software.

Cloud ComputingCloud InfrastructureInformation TechnologySaaSVirtual Desktop
Series UnknownJan 25, 2022
Amount Raised: $5,900,000
Vu Technologies

Tampa, Florida, United States

Vū builds technologies for creatives to transform the economics of film and video through the world's first virtual studio network.

Information TechnologySoftwareVirtual Reality
SeedDec 20, 2021
Amount Raised: $17,000,000
Ride Health

New York, New York, United States

Ride Health focuses on improving access to care for patients who face transportation barriers.

Health CareTransportation
Series AJun 21, 2021
Amount Raised: $10,000,000
K4Connect

Raleigh, North Carolina, United States

K4Connect develops solutions intended to serve and empower older adults and individuals living with disabilities.

Elder CareHealth CareSoftwareWeb Development
Series BApr 17, 2020
Amount Raised: $7,700,000