Summit Partners Invests $122M Growth Round in Stay22

Sixth Street Growth Leads $48M Growth Investment in Stayntouch

December 12, 2023

Cloud & SaaS

Stayntouch, a cloud-native hotel property management system provider, raised $48 million in a strategic growth equity round led by Sixth Street Growth to accelerate product development, expand payments capabilities, and grow customer acquisition. As part of the investment, Sixth Street Growth partner Michael Bauer will join Stayntouch's board; Stayntouch was acquired by MCR in 2020 and will use the capital to expand its PMS and payments offerings globally.

Summit Partners Invests $30M Growth Capital in PriceLabs

July 28, 2022

Cloud & SaaS

PriceLabs received a $30 million minority growth investment from Summit Partners to accelerate product development and global team expansion for its dynamic pricing and revenue management SaaS for the short-term rental industry. The funding will support continued hiring and product enhancements as PriceLabs scales its platform, which serves hundreds of thousands of listings worldwide; Summit Partners' Colin Mistele joined PriceLabs' board.

Summit Partners Leads $70M Minority Growth Investment in Formative

June 15, 2021

Education

Summit Partners led a $70 million minority growth investment in Formative, a SaaS-based K–12 student data and assessment platform, with participation from Emerson Collective, Fika Ventures, MaC/Mac Ventures and Rethink Education. The capital will fund product expansion, increased teacher and administrator support, and international growth while Summit’s Tom Jennings joins Formative’s board.

Summit Partners and Klaviyo Founders Make Strategic Investment in PostPilot

June 5, 2024

Marketing & Advertising

PostPilot, a programmatic direct-mail marketing platform, received a strategic growth investment led by Summit Partners with participation from Klaviyo founders Andrew Bialecki and Ed Hallen. The funding will be used to accelerate hiring, expand internationally, and continue development of PostPilot's data-driven direct-mail targeting and execution capabilities.

Summit Partners Invests $120M in Mavrck

December 16, 2021

Cloud & SaaS

Mavrck, an enterprise influencer marketing platform headquartered in Boston, closed a $120 million growth investment from global growth equity firm Summit Partners. The funding will accelerate Mavrck's product expansion and development of an operations cloud to scale social proof capabilities for consumer brands.

ICG European Mid-Market Invests in Staysure Group

April 8, 2024

Financial Services

ICG’s European Mid-Market team has agreed to make a minority growth investment in UK travel insurance specialist Staysure Group. The partnership will see ICG support Staysure’s expansion of distribution channels and further investment in pricing, marketing, technology, data and AI while founder Ryan Howsam remains majority shareholder.