Rubicon Raises $1.25 Billion Funding to Boost Innovation and Drive New Partnerships
Leading software-focused private equity firm Rubicon Technology Partners (Rubicon) has announced its first and final funding round today. The latest funding stands at $1.25 billion, exceeding the fund target of $250 million set by the company.
Rubicon specializes in mid-market enterprise software company investments. In the last 24 months or so, the PE firm has been part of many technically-relevant announcements, including the sale of consumer engagement and self-service platform Astute (April 2019), integrated SaaS platform for the energy sector – Aucerna (to Thoma Bravo in May 2019) and Personify – constituent management and engagement (CME) software company (September 2018).
Rubicon is expected to continue with its proven investment strategy in the tech industry, which is built on the pillars of partnership, management and strategic M&As. These result in creating a fertile ecosystem of technocrats who can implement operational best practices that can support scalable growth and efficiency.
At the time of this announcement, Rubicon provided its press note. It said —
“The Rubicon team is honored to partner with a world-class set of investors that are aligned with our culture and strategy. We are very pleased to have received such strong support from our existing investors and welcome our new limited partners.”
“We believe this successful fundraise is a reflection of Rubicon’s track record of helping founders and management teams build a market leading companies. We are excited to continue executing our differentiated, proven strategy.”
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Since its inception in 2012, Rubicon has completed 30 total transactions, including 12 platform investments and 18 add-on acquisitions. Rubicon typically makes control equity investments of $50-200 million into businesses with $15-75 million of annual recurring revenue, a leadership position in their markets, and opportunities to accelerate growth.
Currently, Rubicon Technology Partners invests in enterprise software companies with proven products and talented management teams to help develop market leadership positions.
Rubicon enables companies to adapt to the changing requirements of their businesses as they grow and scale using a proven set of proprietary processes, best practices and a portfolio-wide engagement model.
Rubicon has over $2 billion in assets under management and is headquartered in Boulder, CO with additional offices in Palo Alto, CA and Stamford, CT.