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Thoma Bravo

110 N. Wacker Drive, 32nd Floor, Chicago, IL, 60606, United States

Overview

Private equity firm focused on software and technology investments.

Founded

1980

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series C
Series D

Geographic focus

Australia
Canada
United States

Sector focus

Asset Management
Business Development
Finance
Financial Services
...

Investment portfolio

18rounds
NAMEDATESIZE
TRM Labs
Feb 2026Participated
$70 MSeries C
HubSync
May 2025Led
$100 MOther Equity
TRM Labs
Nov 2022Led
$70 MSeries B
Alation
Nov 2022Led
$123 MSeries E
Alma
Aug 2022Led
$130 MSeries D
FalconX
Jun 2022Participated
$150 MSeries D
AppOmni
Jun 2022Led
$70 MSeries C
Imply
May 2022Led
$100 MSeries D
Vivian Health
Apr 2022Led
$60 MOther Equity
Personetics
Jan 2022Led
$85 MOther Equity
project44
Jan 2022Led
$420 MSeries F
Paradox
Dec 2021Led
$200 MSeries C
TRM Labs
Feb 2026Participated
$70 MSeries C
HubSync
May 2025Led
$100 MOther Equity
TRM Labs
Nov 2022Led
$70 MSeries B
Alation
Nov 2022Led
$123 MSeries E
Alma
Aug 2022Led
$130 MSeries D
FalconX
Jun 2022Participated
$150 MSeries D
AppOmni
Jun 2022Led
$70 MSeries C
Imply
May 2022Led
$100 MSeries D
Vivian Health
Apr 2022Led
$60 MOther Equity
Personetics
Jan 2022Led
$85 MOther Equity
project44
Jan 2022Led
$420 MSeries F
Paradox
Dec 2021Led
$200 MSeries C
18
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Thoma Bravo: 18 funding rounds are recorded in the selected participation categories.All available history.
Thoma Bravo: 18 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B10
Series C+94
Other Equity40

Monthly Deal Activity

Thoma Bravo: 18 deals are recorded across 65 months.All available history.
Thoma Bravo: 18 deals are recorded across 65 months. All available history
MonthDeals
Jun '212
Jul '210
Aug '210
Sep '210
Oct '210
Nov '211
Dec '214
Jan '222
Feb '220
Mar '220
Apr '221
May '221
Jun '222
Jul '220
Aug '221
Sep '220
Oct '220
Nov '222
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
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 '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '261
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Thoma Bravo: Enterprise Software is the largest displayed sector by deal count (7 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.

Thoma Bravo: Enterprise Software is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Enterprise Software7
Data, Analytics & IT7
Crypto & Blockchain5
Professional Services5
Fintech4
Cybersecurity & Privacy3
AI & Machine Learning3
Transportation & Logistics2
Health & Life Sciences2
Consumer & Lifestyle1
Networks, Cloud & Communication1
Hardware & Robotics1
Manufacturing1

Deal Size Distribution

Thoma Bravo: 18 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.

Thoma Bravo: 18 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M0
$25M-$50M0
$50M-$100M5
$100M-$250M10
$250M-$500M3
$500M-$1B0
$1B+0

Deals By Geography

Thoma Bravo: United States has the largest recorded deal count among the displayed regions (16 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Thoma Bravo: United States has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
United States16
Australia1
Canada1
Thoma Bravo: 20 co-investors are shown, with Goldman Sachs 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.

Thoma Bravo: 20 co-investors are shown, with Goldman Sachs sharing 5 recorded deals. All available history
Co-investorShared deals
Goldman Sachs5
Andreessen Horowitz3
Bessemer Venture Partners3
Blockchain Capital3
GIC3
PayPal Ventures3
Sapphire Ventures3
Wellington Management3
Alameda Research2
Apollo2
B Capital Group2
BlackRock2
Citi Ventures2
Costanoa Ventures2
Delta Blockchain Fund2
Franklin Templeton2
GoldenTree Asset Management2
Innovius Capital2
Insight Partners2
KKR2

Investment Strategy

Thoma Bravo: Led accounts for 78% and participating for 22% of round participation.All available history.
Thoma Bravo: Led accounts for 78% and participating for 22% of round participation. All available history
CategoryDeals (count)Share (%)
Led1478%
Participating422%
Thoma Bravo: Single-lead accounts for 79% and co-led for 21% of lead dynamics.All available history.
Thoma Bravo: Single-lead accounts for 79% and co-led for 21% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1179%
Co-led321%

Team

Adam Solomon
Carl Thoma

Managing Partner

Chandler Gay
David Tse
Holden Spaht

Managing Partner

Irina Hemmers

Partner at Thoma Bravo

Lee Mitchell

Managing Partner

Marcel Bernard

Senior Operating Partner

Orlando Bravo

Managing Partner

Pete Boyes

Operating Partner

Peter Stefanski

Partner

Scott Crabill

Managing Partner