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Updata Partners
Updata Partners, co-founded in 1998 by John Burton, is a Washington, DC-based growth-equity firm with over $1.1B raised across seven B2B software funds.
Updata Partners
Updata Partners is an SEC-registered investment adviser based in Washington, D.C., registered since 2012. It is headquartered in Washington, D.C. The firm advises institutional clients.
General information
Firm type
Private Equity
Year founded
1998
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Washington, D.C.
Corporate office
Washington, DC, United States
Principals
John Burton
Managing Partner
Carter Griffin
General Partner
Braden Snyder
General Partner
Sector focus
Frequently asked questions
How does Updata Partners distinguish itself from other growth-equity firms investing in software?
Updata's investment committee is staffed entirely by former software company founders and CEOs, not career investors. The firm invests only in B2B software companies that have crossed $5 million in revenue, avoiding earlier-stage venture risk. Its partners structure deals based on their own operator experience rather than relying on junior deal teams.
What is Updata's latest fund size and when was it raised?
Updata Partners VII closed at $560 million in 2021, as reflected in regulatory filings. This brought the firm's cumulative capital raised across its seven flagship vehicles to over $1.1 billion.
Does Updata participate in venture-stage funding or only growth equity?
Updata targets growth-equity transactions in revenue-generating companies, typically entering after a company surpasses $5 million in annual recurring revenue. The firm does not invest at the seed or early-venture stages.
Who are the key investment decision-makers at Updata?
The senior partnership includes Managing Partner John Burton, who co-founded the firm in 1998, and General Partners Carter Griffin and Braden Snyder. All three have backgrounds as software company operators and serve on Updata's investment committee.
What types of transactions does Updata typically pursue?
Updata structures both minority growth investments and majority recapitalizations, with check sizes ranging from $20 million to $100 million. The firm targets B2B software companies and seeks to grow them from roughly $5 million to over $50 million in revenue before exiting.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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