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Updata Partners
Updata Partners provides growth equity for technology leaders and was built by operators, for operators. The firm invests in growth-stage B2B software and...
Updata Partners
Updata Partners provides growth equity for technology leaders and was built by operators, for operators. The firm invests in growth-stage B2B software and AI-driven companies located outside the Bay Area, working closely with management teams to deliver durable, capital-efficient growth. Over 25 years, Updata has backed more than 80 entrepreneurs in B2B software.
General information
Firm type
Private Equity
Year founded
1998
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.
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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