Asset Manager

Updated:

Participate Capital

Mark Otter's Participate Capital invests in learning technology and enterprise collaboration software, building on the Participate platform founded in...

Participate Capital

Participate Capital emerged from Participate Inc., the company Mark Otter started in 2010 to solve a teacher-training problem. The platform originally prepared a network of geographically dispersed teachers using online learning tools that traditional education methods could not support. Wealth origin is not publicly disclosed. The firm invests in learning technology and enterprise collaboration software, targeting EdTech, enterprise SaaS, and AI-enabled tools. Its own platform, Participate, powers communities of practice for professional growth and continuous learning. Portfolio company examples are not publicly named. The firm's investment footprint is U.S.-focused. Participate Inc. employs a team of roughly twelve professionals, including CEO Mark Otter, CLO Julie Keane, and CTO Patrick Jaberg. The firm operates from Chicago with no additional offices disclosed. A related operating company, Participate Learning, serves global educators separately, though both entities share a founding history. No recent operational event from the last 24 months has been publicly reported. The firm's structural differentiator is its product-first model: it invests capital directly into its own platform and related learning software, rather than taking passive LP stakes in outside funds. This operating-company approach blends software development with investment deployment, aligning incentives with product growth.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Chicago

Corporate office

Chicago, IL, United States

Principals

Mark Otter

CEO & Founder

Julie Keane

CLO

Patrick Jaberg

CTO

Sector focus

EdTechEnterprise SoftwareAI/ML

Frequently asked questions

Who runs investment decisions at Participate Capital?

Mark Otter, CEO and founder of Participate Inc., leads investment decisions for Participate Capital. Julie Keane (CLO) and Patrick Jaberg (CTO) also appear on the firm's leadership team, though their direct role in capital allocation is not specified (per firm website).

How does Participate Capital source proprietary deal flow?

Participate Capital sources investments primarily through its own product development and platform expansion. The firm builds and scales learning software internally, meaning its deal flow is largely organic rather than sourced from external pitches (per firm website).

Is Participate Capital structured as a single family office or does it operate more like a venture firm?

The firm's structure is not explicitly disclosed. Based on available information, Participate Capital appears to function as the investment arm of Participate Inc., an operating company — closer to a corporate venture or internal R&D investment vehicle than a standalone family office or traditional venture firm.

Does Participate Capital participate in fund commitments or only direct deals?

There is no public evidence that Participate Capital commits capital to external funds. The firm's publicly known activity centers on building and deploying its own learning platform, suggesting a direct-deployment model focused on internal projects.

What investment stages does Participate Capital typically target?

Participate Capital's investments are tied to the lifecycle of Participate Inc. itself. The firm has not publicly disclosed stage preferences, but its focus on scaling its own platform implies early-stage to growth-stage internal deployments.

Which sectors does Participate Capital explicitly avoid?

The firm does not publicly publish negative screens or exclusions. Its known sector focus is limited to learning technology and enterprise collaboration software, with no disclosed positions in other industries.

How is Participate Capital related to Participate Learning?

Participate Capital is part of Participate Inc., while Participate Learning is a separate operating company that serves global educators. Both share a founding history and a common platform origin, but operate as distinct entities (per firm website).

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