Spectrum Equity Invests $100 Million in Netcraft

KKR and Ten Eleven Ventures Lead $90M Growth Investment in NetSPI

May 12, 2021

Cybersecurity

NetSPI, a Minneapolis-based leader in penetration testing and attack surface management, raised $90 million in growth funding led by KKR with participation from Ten Eleven Ventures (and existing investor Sunstone Partners). The capital will be used to accelerate product innovation, expand cyber security and client experience teams, and deepen U.S. and international operations.

KKR Invests $410M Growth Capital in NetSPI

October 5, 2022

Cybersecurity

KKR is increasing its investment in NetSPI with a $410 million growth funding round to support the company's technology innovation, talent acquisition, and global expansion while recapitalizing NetSPI's first institutional investor, Sunstone Partners. The funding comes from KKR's Technology Growth strategy and follows prior investments in NetSPI as the company scales its PTaaS, Attack Surface Management, and related offensive security offerings.

Spectrum Equity Invests $163 Million in Zenwork

November 9, 2021

Cloud & SaaS

Spectrum Equity led a $163 million minority growth equity investment in Zenwork, the operator of Tax1099 and Compliancely, to accelerate product innovation and scale its digital tax compliance and regulatory reporting platforms. The capital will support product development and growth as Zenwork expands its automated e‑filing, business identity verification, and compliance offerings for small businesses, CPA firms and enterprise customers.

BlueAlly Acquires Majority Interest in NetCraftsmen

March 16, 2022

IT Services

BlueAlly Technology Solutions, a Source Capital portfolio company, has acquired a majority interest in NetCraftsmen, an IT consulting and security solutions provider based in Cary, North Carolina. The deal is intended to expand BlueAlly's services and security capabilities and broaden NetCraftsmen's geographic reach while NetCraftsmen continues to operate as a stand-alone brand.

Spectrum Equity Leads Growth Investment in Benchmark Mineral Intelligence

November 17, 2023

Data & Analytics

Benchmark Mineral Intelligence has taken its first-ever outside equity investment, led by growth equity firm Spectrum Equity. The capital will support Benchmark's expansion of its lithium-ion battery and EV supply chain pricing, data and advisory products and accelerate its global growth.

Spectrum Equity Invests $300M Growth Round in Quavo, Inc.

July 22, 2025

Cloud & SaaS

Quavo, a Wilmington, Delaware-based provider of cloud-based fraud and dispute management software, secured a $300 million growth investment from growth equity firm Spectrum Equity. The capital will accelerate Quavo's AI-led product development and expand its go-to-market and client success teams; existing investor FINTOP Capital will sell its stake while founders and Pegasystems remain significant shareholders.