Private Equity Firm Financial Services

Straylight Capital

Detroit, Michigan, United States

Formerly known as Plymouth Growth, Plymouth Growth Partners, Plymouth Ventures

Straylight Capital is a growth equity firm for the “magnificent middle,” providing $5M–$25M checks to B2B technology companies with roughly $3M–$13M in revenue.

Focus Areas
Growth equity, Investment management

Tracked deals

5

5 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Growth capital

4 growth capital · 1 addon

Straylight Capital Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Straylight Capital. 2 2021 1 2023 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Straylight Capital, Scaleworks
    Target
    Patron Points
    Industry
    Cloud & SaaS

    Patron Points, a Woodbury, Minnesota-based loyalty and customer engagement software provider for convenience stores, secured a strategic growth investment led by Straylight Capital. The round also included Scaleworks and other Straylight co-investors, and the company plans to expand nationally and advance its loyalty, promotions, portal, self-service tools, and AI-powered business intelligence.

  • Buyer
    RF Investment Partners, Plymouth Growth
    Target
    Allied Payment Network

    RF Investment Partners provided an additional strategic growth capital investment in portfolio company Allied Payment Network, with Plymouth Growth joining as a co-investor. The funding will support Allied's next-generation infrastructure and product development as the payments provider targets accelerated revenue and transaction growth with banks and credit unions across the U.S.

  • Buyer
    PSG, Rev1 Ventures, Plymouth Growth
    Target
    MentorcliQ
    Industry
    Cloud & SaaS

    MentorcliQ, an employee mentoring software provider headquartered in Columbus, Ohio, received a strategic growth investment of more than $80 million led by growth equity firm PSG, with participation from existing investors Rev1 Ventures and Plymouth Growth. The funding will support product innovation, expansion of Diversity, Equity & Inclusion offerings, and team growth as MentorcliQ scales its enterprise mentoring platform.

  • Buyer
    Plymouth Growth
    Target
    Algo
    Industry
    Cloud & SaaS

    Plymouth Growth, a growth equity firm, made a multi-million dollar investment in Algo, a Troy, Michigan-based supply chain optimization SaaS provider. The capital and strategic partnership (with Plymouth partner Kevin Terrasi joining Algo's board) will be used to accelerate market penetration and expand Algo's sales and marketing capabilities.

  • Buyer
    3T Medical Systems, Plymouth Growth Partners
    Target
    Alternative Exports, Inc.
    Industry
    Medical Devices
    Type
    Addon

    3T Medical Systems, a portfolio company of Plymouth Growth Partners, acquired Alternative Exports, Inc., an Apopka, Florida-based supplier of medical, laboratory and hospitality goods. The transaction, announced June 30, 2021 by advisor Woodbridge International, expands 3T Medical’s distribution capabilities and product offerings into new institutional and hospitality channels with backing from Plymouth Growth Partners.

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