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The Venture Codex

Sterling Partners

167 N. Green St. 4th Floor, Chicago, IL, 60607, United States

Overview

Sterling Partners is a private equity firm with a history of generating extraordinary returns for their investors. With nearly $4 billion of capital under management, their investment strategy is to invest from $5 million to more than $150 million of equity in each company with which they partner. They invest in industries with positive, long-term trends and bring their experience, expertise, and network in driving value to their portfolio companies. Their continued success is driven by Sterling's investment in an operationally-focused strategy, and by their unique team of industry veterans, operators, investors, strategy experts and human capital professionals.

Total investments
9
Lead investments
7
Investments · 12mo
0
Active investors
8

Sector focus

  • Finance
  • Financial Services
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Investment portfolio

  • Stella

    Led · Equity · May 2023

    Stella delivers comprehensive mental health care through a multidisciplinary team of board-certified physicians, psychiatric nurse practitioners, psychologists, and advocates across more than 35 U.S. locations as well as sites in Israel and Australia. The company offers multiple treatment protocols and modalities, including Ketamine Infusion Therapy and the SOF Protocol combining ketamine and DSR. Stella has treated over 6,000 patients to date and recently opened a flagship facility in Chicago that will serve as a hub for innovative treatments, research, medical training, and clinical trials. Founded in 2020 and led by CEO Philippe Sanchez, the company emphasizes responsible innovation in mental health care. Financially, Stella announced a $7M funding raise to support its growth and research initiatives. The company plans to use the proceeds to advance mental health research and expand locations across the U.S. and internationally.

  • Lecturio

    Led · Equity · Dec 2021

    Lecturio is a video-based healthcare education platform offering medical, nursing, and other professional courses. Its library includes over 10,000 videos with linked quiz questions, concept pages, and a clinical case question bank, supported by a teaching and analytics engine and AI learning support. The platform features collaboration with instructors from Harvard, Yale, Johns Hopkins, Brown University, and others. Lecturio reports nearly one million active users across 175 countries, employs about 100 people, and has subsidiaries in the US and Bulgaria. Founded in 2008 and headquartered in Leipzig, Germany, the company enables students and educators to deliver self-directed and blended learning with advanced analytics. It plans to use new growth capital to expand its global footprint, strengthen its medical and nursing product offering, and pursue consolidation in the fragmented healthcare education market. Lecturio operates lecturio.de, a video-based online learning platform used by institutions, corporate clients and end users. Its course catalog focuses on professionals in taxation, accounting and business, and the company also provides complete study programs and exam-preparatory content for medical and law students. Lecturio’s library comprises more than 10,000 hours of video content from over 400 experts, and the company employs 75 people. The company raised a Series B funding round of undisclosed amount led by Holtzbrinck Digital. Lecturio said it intends to use the funds to expand operations. Leadership includes Martin Schlichte (CEO), Stefan Wisbauer (CFO) and Pascal Bendien (COO). Lecturio is a video-based online learning platform for private and professional education that enables time- and location-independent learning. The platform hosts more than 5,000 courses taught by Germany’s leading experts across business, software, law, medicine, accounting & taxes, economics, health, languages and leisure. Lecturio raised €3m in funding to support its growth. The company intends to use the funds to accelerate mobile learning, expand B2B offerings and enhance brand awareness in 2014. Founded in 2008 and led by CEO Martin Schlichte, Lecturio is based in Leipzig, Germany. It employs 50 people across locations in Germany and Bulgaria.

  • Panopto

    Led · Equity · Aug 2016

    Panopto operates a video content management platform that enables organizations to capture, manage, search and publish video assets. Its platform includes a YouTube-like portal, a speech/on-screen search engine, cloud transcoders, recording and live-streaming tools, an online editor, mobile apps, analytics, and an enterprise CDN. The company also offers a remote recording service to securely control video events from any location. Panopto serves customers across education and enterprise, including New York Life, GE Healthcare Digital, Yale, Brown and the Wharton School. Founded in 2007 and led by co-founder and CEO Eric Burns, the company has offices in Seattle, Pittsburgh, London, Hong Kong, Beijing and Sydney. It intends to use the new funds to continue business expansion. Panopto is a video capture and sharing software firm. The company raised an added $2.4 million, according to filings with the Security and Exchange Commission. Panopto said the capital will be used for further product development and international expansion. About a month earlier, Vice President of Marketing Ari Bixhorn noted the company's growing list of international customers and its expansion into more of the enterprise market. The article's headline reports Panopto also added a former Amazon executive as chief operating officer.

  • SAVO

    Participated · Equity · Jun 2014

    SAVO Group provides an on-demand platform that combines sales and marketing best practices with technology to address all aspects of the sales enablement process, spanning people, process, insight and technology. The company offers a suite of sales and marketing applications and has launched solutions including Sales Onboarding Pro, Sales Process Pro, SAVO Inspire, CRM Opportunity Pro for Microsoft Dynamics CRM, and a Professional Selling Bundle. SAVO recently acquired digital postcard technology company StoryQuest, Inc. Founded in 1999 and led by president and CEO Mark O’Connell, the company is based in Chicago, Illinois. SAVO intends to use the funds to expand its global operations and further develop its product suite. The company has raised $84m in total to date. SAVO builds an on-demand, collaborative sales enablement platform that helps sales reps find the best materials, insights and internal expertise to drive better sales conversations. The software is designed to open communication across a company’s sales teams and improve close rates. Current clients include IBM, American Express, and Staples. SAVO plans to use its new funding for product development and to expand its sales enablement platform. The company is headquartered in Chicago. The article frames the financing as a growth-oriented move to enhance the core product and platform reach.

  • SecureNet Payment Systems

    Led · Equity · Jul 2012

    SecureNet offers an integrated, one-stop payment platform delivering traditional payment processing, eCommerce solutions and electronic invoicing as a SaaS product. The company emphasizes PCI compliance, fraud monitoring tool sets, and multi-channel payments integration for merchants, resellers and partners. Management plans to expand eCommerce and strategic product initiatives while recruiting top talent and advancing technology development. SecureNet processes more than $12 billion in annual transaction volume and services approximately 14,000 merchants. The company positions itself as a cost‑effective direct payment processor that passes savings to merchants and partners. Leadership is led by CEO Brent Warrington, an industry veteran with 18 years of electronic payments experience.

Team