# Second Avenue Partners

Second Avenue Partners is a Private Equity based in Seattle, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Seattle, United States
- **Region:** North America
- **Address:** Seattle, WA, United States
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** secondave.com
- **LinkedIn:** https://www.linkedin.com/company/secondavenuepartners

## Regulatory record

- **Reports private funds:** No

## About

Second Avenue Partners is a Seattle-based investment firm. It provides management, strategy, and capital to early stage companies. The firm has made 76 investments, including a Series A - II investment in IOTA Software on October 31, 2024.

## Sectors

- Enterprise Software
- Internet & Consumer
- Media & Entertainment
- Clean Energy
- PropTech
- AI/ML

## People

- Nick Hanauer — Founding Partner
- Pete Higgins — Founding Partner
- Mike Slade — Founding Partner

## Questions

### What is a representative exit in Second Avenue Partners' portfolio?

Several portfolio companies achieved exits through acquisitions. Insitu, an unmanned aircraft developer founded in 1992, was acquired by Boeing. Market Leader, formerly HouseValues, was acquired by Trulia. Newsvine, a citizen-journalism platform, was acquired by MSNBC.com. Azaleos, an enterprise messaging startup, was acquired by Avanade. These exits span aerospace, real estate, media, and enterprise software.

### Where does the investment capital come from?

The firm has not publicly attributed its capital to a specific family, corporation, or external fund. The partners' disclosed backgrounds — Hanauer's exit from aQuantive, Higgins's Microsoft tenure, and Slade's leadership at Starwave — suggest personal wealth from technology exits forms the capital base, though no official confirmation exists.

### What sectors does Second Avenue Partners explicitly avoid?

The firm's website states it is "open to a wider range of ideas" beyond its core focus areas of internet, consumer, social media, software, and clean energy. No explicit sector exclusions are published. However, its portfolio reveals no investments in sectors such as biotech, medical devices, or defense — the concentration remains on software, media, and light industrial technology.

## Related profiles

- [Second Alpha Partners](https://altss.com/profile/second-alpha-partners)
- [Second Century Ventures](https://altss.com/profile/second-century-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

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