Bow River Capital Majority Recapitalizes Xyleme, Inc.

MadCap Software Acquires Xyleme

January 11, 2024

Software

MadCap Software, a San Diego–based provider of multi-channel content authoring and management solutions backed by Battery Ventures, has acquired Xyleme, an enterprise learning content management system (LCMS) provider. The deal combines MadCap's technical documentation and component content management capabilities with Xyleme's LCMS to offer a unified content platform for enterprise training, documentation, certification and compliance.

Bow River Capital Majority Investment in Xima Software

April 27, 2022

Cloud & SaaS

Bow River Capital's Software Growth Equity team made a majority investment in Xima Software, the South Jordan, Utah-based developer of the Chronicall contact center SaaS platform. The financing is intended to scale Xima's global growth, strengthen operational and technical infrastructure, and support go-to-market expansion; Bow River partners joined Xima's board as part of the transaction.

Bow River Capital and RippleWorx Complete Majority Recapitalization of meQuilibrium

September 11, 2025

Cloud & SaaS

Bow River Capital's Software Growth Equity Team has completed a majority recapitalization of meQuilibrium, merging the company with RippleWorx to create a market-leading human capital management firm focused on workforce mental health and performance. The combined business will be dual‑headquartered in Denver and Boston, with meQuilibrium founder Jan Bruce leading and RippleWorx CEO Steve Foster serving as Chairman and Head of Revenue Growth.

Bow River Capital Makes Majority Recapitalization Investment in HRSoft

September 13, 2022

Cloud & SaaS

Bow River Capital's Software Growth Equity team has made a majority-controlled recapitalization investment in HRSoft to accelerate the build-out of its full HCM application suite, scale operational infrastructure, and support profitable growth. As part of the transaction, Bow River fund managers John Raeder, Maitlan Cramer, and Sean O'Connell joined HRSoft's board; CIBC Innovation Banking provided debt financing and JMP Securities served as exclusive financial advisor to HRSoft.

Bow River Capital Majority Recapitalizes ProductPlan

May 11, 2022

Cloud & SaaS

Bow River Capital's Software Growth Equity team has made a majority recapitalization investment in ProductPlan, a cloud-based product management SaaS provider. The partnership will fund accelerated product innovation, build-out of ProductPlan's application suite, and scaling of go-to-market and operational infrastructure; Bow River fund managers Maitlan Cramer and John Raeder will join ProductPlan's board.

Bow River's Software Growth Equity Team Invests in meQuilibrium and Merges RippleWorx

September 11, 2025

Cloud & SaaS

Bow River Capital’s Software Growth Equity Team made a significant growth equity investment and majority recapitalization in meQuilibrium and concurrently merged its portfolio company, RippleWorx, into meQ. The transaction combines meQ’s workforce resilience and mental-health platform with RippleWorx’s talent-development and AI-driven people analytics to accelerate product capability, global scale, and go-to-market in HCM SaaS.