TPG Growth Invests $150 Million in Tessolve

Tessolve Acquires Pico2Femto Semiconductor (P2fsemi)

October 27, 2022

Engineering Services

Tessolve, a Hero Electronix venture headquartered in Bangalore, has acquired Pico2Femto Semiconductor (P2fsemi) to strengthen its silicon design and physical design capabilities. The deal brings P2fsemi's 100+ physical design experts (advanced nodes down to 3nm) into Tessolve's ASIC/SoC design offerings, expanding end-to-end turnkey silicon services.

TPG Makes >$100M Growth Investment in EIS

June 29, 2021

Cloud & SaaS

TPG, via its TPG Tech Adjacencies fund, made a growth investment of more than $100 million in EIS, a San Francisco–based cloud-native insurance software platform. The capital will be used to accelerate product development across risk, health and wealth lines and to support geographic expansion.

TPG Makes Strategic Investment in Sauce Labs

June 7, 2022

Cloud & SaaS

TPG has made an additional strategic investment in Sauce Labs, strengthening a partnership that began in 2019 and providing the company with resources to expand capabilities and accelerate growth. Sauce Labs, a San Francisco–based provider of continuous testing and error-reporting SaaS, said the capital will support product development and market leadership in DevOps and continuous testing.

TPG Growth Invests in Compass Surgical Partners

January 23, 2024

Healthcare Services

TPG Growth has made a strategic growth equity investment in Compass Surgical Partners, participating alongside existing investor Health Velocity Capital. The capital will be used to accelerate Compass's expansion of ambulatory surgery center (ASC) joint ventures with health systems and physician groups across the U.S.; terms were not disclosed.

TPG Deepens Investment in Sauce Labs

March 9, 2021

Cloud & SaaS

Sauce Labs announced that TPG has significantly increased its investment stake in the company and that Art Heidrich from TPG has joined Sauce Labs' Board of Directors. The minority/growth investment will support Sauce Labs’ continued expansion of its continuous testing platform and follow recent product and tuck-in acquisition activity (AutonomIQ and API Fortress).

TPG Invests US$360 Million in Fractal

January 5, 2022

AI & Machine Learning

TPG, through its Asia-focused private equity platform, is investing US$360 million in Fractal in a transaction that combines a primary capital injection and a secondary share purchase from funds advised by Apax. Apax will remain a major shareholder following the deal; the investment will support Fractal's global scaling of its AI and advanced analytics offerings.