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The Venture Codex

Spectrum Equity

140 New Montgomery, 20th Floor, San Francisco, California, 94105, United States

Overview

Private equity firm investing in internet and software companies.

Founded

1994

Deals · 12mo

4

Links

WebsiteLinkedIn

Stage focus

—

Geographic focus

Canada
United Kingdom
United States

Sector focus

Financial Services
Information Technology
Venture Capital

Investment portfolio

54rounds
NAMEDATESIZE
Xapien
Sep 2026Led
$56 MSeries B
WorkFlex
Mar 2026Led
$43 MOther Equity
splose
Feb 2026Led
$46 MSeries A
SavvyMoney
Oct 2025Participated
$225 MOther Equity
CyberCube
Oct 2025Led
$180 MOther Equity
Quavo Fraud & Disputes
Aug 2025Led
$300 MOther Equity
Employee Navigator
Aug 2025Led
$100 MOther Equity
Awardco
May 2025Participated
$165 MSeries B
Lighthouse
Nov 2024Participated
$370 MSeries C
Demand Media
Nov 2024Participated
$100 MOther Equity
VBA
Aug 2023Led
$156 MOther Equity
Netcraft
Jul 2023Led
$100 MOther Equity
Xapien
Sep 2026Led
$56 MSeries B
WorkFlex
Mar 2026Led
$43 MOther Equity
splose
Feb 2026Led
$46 MSeries A
SavvyMoney
Oct 2025Participated
$225 MOther Equity
CyberCube
Oct 2025Led
$180 MOther Equity
Quavo Fraud & Disputes
Aug 2025Led
$300 MOther Equity
Employee Navigator
Aug 2025Led
$100 MOther Equity
Awardco
May 2025Participated
$165 MSeries B
Lighthouse
Nov 2024Participated
$370 MSeries C
Demand Media
Nov 2024Participated
$100 MOther Equity
VBA
Aug 2023Led
$156 MOther Equity
Netcraft
Jul 2023Led
$100 MOther Equity
54
Items
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Insights

Time horizon

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Deal Distribution

Spectrum Equity: 54 funding rounds are recorded in the selected participation categories.All available history.
Spectrum Equity: 54 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A20
Series B31
Series C+22
Other Equity3410

Monthly Deal Activity

Spectrum Equity: 54 deals are recorded across 246 months.All available history.
Spectrum Equity: 54 deals are recorded across 246 months. All available history
MonthDeals
May '061
Jun '060
Jul '060
Aug '060
Sep '060
Oct '060
Nov '060
Dec '060
Jan '070
Feb '070
Mar '070
Apr '070
May '070
Jun '070
Jul '070
Aug '070
Sep '070
Oct '070
Nov '070
Dec '070
Jan '080
Feb '080
Mar '080
Apr '080
May '080
Jun '080
Jul '080
Aug '080
Sep '080
Oct '080
Nov '080
Dec '080
Jan '090
Feb '090
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '090
Jan '100
Feb '100
Mar '100
Apr '100
May '100
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '111
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '121
Oct '120
Nov '120
Dec '120
Jan '131
Feb '130
Mar '130
Apr '130
May '131
Jun '130
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '141
Feb '140
Mar '140
Apr '140
May '141
Jun '140
Jul '140
Aug '140
Sep '140
Oct '140
Nov '141
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '151
Jul '152
Aug '150
Sep '150
Oct '152
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '161
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '171
Jul '171
Aug '170
Sep '171
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '181
Jul '180
Aug '180
Sep '180
Oct '183
Nov '180
Dec '181
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '190
Nov '192
Dec '190
Jan '200
Feb '201
Mar '200
Apr '202
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '211
Feb '211
Mar '211
Apr '211
May '212
Jun '210
Jul '210
Aug '210
Sep '211
Oct '210
Nov '212
Dec '210
Jan '221
Feb '221
Mar '220
Apr '220
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '242
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '252
Sep '250
Oct '252
Nov '250
Dec '250
Jan '260
Feb '261
Mar '261
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Spectrum Equity: Enterprise Software is the largest displayed sector by deal count (26 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Spectrum Equity: Enterprise Software is the largest displayed sector by deal count (26 deals). All available history
SectorDeals
Enterprise Software26
Fintech13
Networks, Cloud & Communication12
Data, Analytics & IT11
Professional Services11
Marketing & Advertising9
Health & Life Sciences9
Media & Entertainment7
E-Commerce & Retail6
Education & Workforce5
Cybersecurity & Privacy5
Consumer & Lifestyle5
Travel & Hospitality4
Hardware & Robotics4
Developer Tools4
AI & Machine Learning3
Social & Community Platforms3
Government & Defense1
AR/VR1
Transportation & Logistics1
Food & Agriculture1

Deal Size Distribution

Spectrum Equity: 54 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Spectrum Equity: 54 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M16
$50M-$100M21
$100M-$250M12
$250M-$500M3
$500M-$1B2
$1B+0

Deals By Geography

Spectrum Equity: United States has the largest recorded deal count among the displayed regions (41 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Spectrum Equity: United States has the largest recorded deal count among the displayed regions (41 deals). All available history
RegionDeals
United States41
Europe8
Canada3
Sri Lanka1
Australia1
Spectrum Equity: 20 co-investors are shown, with ICONIQ Growth sharing 5 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Spectrum Equity: 20 co-investors are shown, with ICONIQ Growth sharing 5 recorded deals. All available history
Co-investorShared deals
ICONIQ Growth5
Meritech Capital Partners5
Arthur Ventures2
Cross Creek Advisors2
Eight Roads Ventures2
F-Prime Capital2
Highgate Ventures2
Information Venture Partners2
Oak Investment Partners2
Tiger Global2
22C Capital1
3i1
Accel1
Accomplice1
Advancit Capital1
Amazon1
Athletic Ventures1
Bain Capital1
Bain Capital Ventures1
BDC Capital1

Investment Strategy

Spectrum Equity: Led accounts for 76% and participating for 24% of round participation.All available history.
Spectrum Equity: Led accounts for 76% and participating for 24% of round participation. All available history
CategoryDeals (count)Share (%)
Led4176%
Participating1324%
Spectrum Equity: Single-lead accounts for 95% and co-led for 5% of lead dynamics.All available history.
Spectrum Equity: Single-lead accounts for 95% and co-led for 5% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3995%
Co-led25%

Team

Adam Margolin
Brion B. Applegate

Founder

Carolina Alvarez Picazo

Chief Administrative Officer and Chief Compliance Officer

Chris Mitchell

Managing Director

Jamie Mitchell

Vice President

Matt Neidlinger

Principal

Michael Radonich
Parag Khandelwal
Ronan Cunningham

Managing Director

Victor Parker

Managing Director

William P. Collatos

Co-Founder & Managing Director