2024 was a defining year for PeakSpan Capital, where we navigated market complexities and emerged stronger, achieving remarkable milestones that underscore the durability of our investment approach. With over $1.6 billion in assets under management and a steadfast commitment to disciplined scaling, we've demonstrated that focusing on sustainable growth and strategic partnerships delivers superior outcomes.

Record-Breaking Investment Activity

In a testament to the strength of our platform, we deployed $357 million in total capital—a phenomenal milestone that reflects the increasing momentum of our investment strategy. This year, we:

• Welcomed nine exceptional new companies into our portfolio
• Executed 10 strategic follow-on investments
• Brought our total Fund III investments to 22 and overall investment count to 52

The caliber of our new partnerships speaks volumes about our position as the partner of choice for growth-stage software entrepreneurs. As Pankaj Goel, Founder & CEO of Opkey, put it:

"After speaking with over 60 investors, we chose PeakSpan because of their deep domain knowledge, shared vision for transforming the ERP industry, and their unwavering commitment to our success."

Portfolio Excellence Takes Center Stage

Our portfolio companies achieved remarkable successes in 2024, with several standout moments:

• XOi secured a $230M strategic investment from KKR and acquired Specifx, positioning them for accelerated growth in AI-powered jobsite technology (Feb-25).
• Onboard's acquisition by Conservice (May 2024) delivered triple-digit IRR, validating our investment thesis and hands-on value creation approach.
• Multiple portfolio companies earned Inc. 5000 rankings, while founders gained prestigious recognition—including SOCRadar’s Huzeyfe Onal, named among Forbes' Cybersecurity Founders to Watch in 2025.

Platform Innovation & Team Excellence

Our commitment to building a world-class platform advanced significantly in 2024:

• Team Growth: Expanded to 24 members, with three well-deserved promotions and four new hires.
• Industry Recognition: Named a GrowthCap Top Growth Equity Firm for the second consecutive year, and Co-Founder Matt Melymuka was honored among GrowthCap’s Top 40 Under 40 Growth Investors.
• Technology Enhancements:
  
  • ADA expanded to track 2M+ companies across 61,000 sectors.
  • ANNA, our new AI-powered workflow automation platform, launched successfully.
  • DEWEY enhanced market intelligence capabilities for deeper insights.

The PeakSpan Expert Community grew to 350+ members, and our Master Class series delivered 22 sessions of actionable insights. Meanwhile, our Summer Analyst Program & Growth Equity Immersion Program saw applications surge to 1,500+, demonstrating our commitment to fostering talent and sharing knowledge.

Looking Ahead

As we enter 2025, PeakSpan stands stronger than ever, backed by a proven strategy, an exceptional team, and cutting-edge technology. Our focus remains unwavering: to be the partner of choice for growth-stage entrepreneurs and deliver the best risk-adjusted outcomes.

We invite you to explore the full story here.