Riverwood Capital Invests $50M in Sauce Labs

Riverwood Capital Leads $50M Growth Investment in Legion Technologies

May 7, 2024

Cloud & SaaS

Legion Technologies, a provider of AI-native workforce management software, raised $50 million in a growth round led by Riverwood Capital with participation from existing investors including Norwest, Stripes, Webb Investment Network and XYZ. The capital will be used to accelerate product R&D, expand go-to-market (including a European GTM team) and support international customer growth.

Riverwood Capital Leads $40M Growth Investment in Hyperproof

August 30, 2023

Cloud & SaaS

Hyperproof, a Bellevue-based SaaS risk and compliance management platform, closed a $40 million growth investment led by Riverwood Capital with participation from existing investor Toba Capital. The funding will be used to expand Hyperproof's enterprise-grade offerings, accelerate product development (including AI-driven automation) and scale the company's go-to-market for mid-market and large enterprise customers.

Riverwood Capital Leads $110M Growth Round in SpyCloud

August 23, 2023

Cybersecurity

SpyCloud, an Austin-based identity threat protection company, closed a $110 million growth round led by Riverwood Capital with participation from Silverton Partners. The funding will accelerate product innovation in authentication bypass prevention, expand SpyCloud’s global go-to-market teams, and grow its identity analytics and remediation capabilities.

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 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).

Riverwood Capital Invests $45M in Sensor Tower

May 4, 2020

Data & Analytics

Riverwood Capital has made a $45 million growth equity investment in Sensor Tower to accelerate product development and global expansion of its mobile app market intelligence platform. The funding will support Sensor Tower’s continued ARR growth, international office expansion, and capability enhancement for enterprise customers across marketing, product and research functions.