Private Equity Firm Software

Luminate Capital Partners

San Francisco, California, United States

Private equity firm focused on making control investments in application software.

Focus Areas
Application software, Enterprise software

Tracked deals

12

12 tracked deals across 2019-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Growth capital

10 growth capital · 2 buyout

Luminate Capital Partners Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Luminate Capital Partners. 4 2019 2 2020 2 2021 1 2022 1 2023 1 2024 1 2025

Supporting Data

Recent Transactions

  • Buyer
    Luminate Capital Partners, Five Elms Capital
    Target
    FMX
    Industry
    Cloud & SaaS

    Luminate Capital Partners has made a strategic growth investment in Facilities Management Express (FMX), joining existing investor Five Elms Capital, which will retain a significant stake. The capital will be used to accelerate FMX’s product roadmap — including AI-based innovations — to expand its cloud-based facilities and asset management platform serving schools, municipalities and other commercial facilities.

  • Buyer
    Luminate Capital Partners
    Target
    AbsenceSoft
    Seller
    Norwest Venture Partners, Bow River Capital
    Industry
    Cloud & SaaS
    Type
    Buyout

    Luminate Capital Partners has acquired AbsenceSoft, a Golden, Colorado–based SaaS provider of leave and accommodations management, from existing investors Norwest Venture Partners and Bow River Capital. The investment will support AbsenceSoft's continued growth, product innovation, and expansion of its market-leading absence and accommodation lifecycle platform.

  • Buyer
    Luminate Capital Partners
    Target
    Ease, Inc.
    Seller
    Spotlight Equity Partners
    Industry
    Cloud & SaaS

    Luminate Capital Partners has made a majority-stake growth investment in Ease, Inc., a San Clemente–based provider of plant floor audit SaaS for manufacturers. The investment will fund product development and global growth while Spotlight Equity Partners, the prior majority shareholder, retains a minority stake.

  • Buyer
    Luminate Capital Partners
    Target
    Suralink
    Industry
    Cloud & SaaS

    Luminate Capital Partners has made a strategic growth investment in Suralink, a Salt Lake City–based SaaS provider of request list and workflow management software for accounting and professional services firms. Terms were not disclosed; existing investor Growth Street Partners will remain involved as Suralink scales its platform and expands market penetration.

  • Buyer
    Warburg Pincus, Luminate Capital, ICONIQ Growth
    Target
    Conexiom
    Industry
    Cloud & SaaS
    Location
    British Columbia, Canada

    Conexiom, a Vancouver-based SaaS provider of order-to-cash and procure-to-pay automation, received a $130 million growth investment led by Warburg Pincus. Existing investors Luminate Capital (which retains a majority stake) and ICONIQ Growth remain investors; the funding will be used to accelerate product investment and expand Conexiom’s platform for manufacturers and distributors.

  • Buyer
    Luminate Capital Partners
    Target
    Axonify
    Industry
    Cloud & SaaS
    Location
    Ontario, Canada

    Luminate Capital Partners, a private equity firm focused on enterprise software, announced a strategic growth investment in Axonify, a Waterloo-based leader in frontline employee training SaaS. The capital will be used to accelerate product innovation and other growth initiatives while Axonify continues to be led by CEO and co-founder Carol Leaman; Luminate partners will join the company’s board.

  • Buyer
    Marlin Equity Partners, Luminate Capital Partners
    Target
    StarCompliance
    Industry
    Software

    Marlin Equity Partners has made a majority-control growth investment in StarCompliance, a Rockville, Maryland–based provider of employee compliance and regulatory technology, with existing investor Luminate Capital Partners retaining a minority stake. The capital will be used to accelerate product innovation and support StarCompliance's international expansion.

  • Buyer
    ICONIQ Capital, Luminate Capital Partners
    Target
    Conexiom
    Industry
    Cloud & SaaS
    Location
    British Columbia, Canada

    Conexiom, a Vancouver-based SaaS provider of sales order and invoice automation, received a $40 million strategic growth investment from ICONIQ Capital, with existing investor Luminate Capital retaining a majority stake. The funding will be used to accelerate platform development, increase investment in machine learning and AI, extend the product beyond order and invoice automation, and expand Conexiom's global footprint.

  • Buyer
    Luminate Capital Partners
    Target
    Quantivate
    Industry
    Cloud & SaaS

    Luminate Capital Partners, a San Francisco-based private equity firm, made a strategic growth investment in Quantivate, a Seattle-based provider of SaaS governance, risk and compliance (GRC) software. The investment will support Quantivate’s product innovation, team expansion and market growth; Luminate partners will join Quantivate’s board. Financial terms were not disclosed.

  • Buyer
    Luminate Capital Partners
    Target
    MSI Data
    Industry
    Cloud & SaaS

    Luminate Capital Partners made a strategic growth investment in MSI Data to support product development, scale the team, and accelerate go-to-market efforts for MSI’s field service management SaaS platform. Financial terms were not disclosed; Luminate partners joined MSI’s board and advisors to the transaction included GrowthPoint Technology Partners (financial advisor to MSI) and Kirkland & Ellis (legal advisor to Luminate).

  • Buyer
    Luminate Capital Partners
    Target
    Thought Industries
    Industry
    Cloud & SaaS

    Luminate Capital Partners, a San Francisco-based private equity firm, made a strategic growth investment in Thought Industries to support the SaaS company's continued product development and market expansion. The investment will help Thought Industries enhance its customer learning platform and scale customer support and go-to-market activities; financial terms were not disclosed.

  • Buyer
    Luminate Capital Partners
    Target
    LiquidFrameworks, Inc.
    Seller
    Houston Ventures, Other early investors
    Industry
    Cloud & SaaS
    Type
    Buyout

    Luminate Capital Partners, an enterprise software-focused private equity firm, has acquired majority control of LiquidFrameworks, the developer of the FieldFX quote-to-cash and field ticketing SaaS used across oilfield, industrial and environmental services. The investment will support LiquidFrameworks’ growth strategy, product development and expansion (including potential add-on acquisitions); financial terms were not disclosed.

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