Company: Technology Capital Partners
Description: Technology Capital Partners (TCP) is a distinguished entity operating within the realm of venture capital and private equity. The firm specializes in technology-driven growth acquisitions, positioning itself as an investor of technology rather than an investor in technology. This unique perspective allows TCP to leverage technology as a form of capital, strategically utilizing it to gain a competitive advantage during the acquisition process.
TCP focuses on acquiring undifferentiated operating companies situated in fragmented markets, particularly those that possess the potential for substantial revenue and cash flow increases. This growth is achieved through strategic differentiation arising from the infusion of a specific underlying technology. A typical technology-driven acquisition by TCP involves the merger and integration of two entities: first, a lower middle-market operating company with revenues ranging from $20 million to $50 million, which offers a product or service that lacks distinct differentiation; second, a protected, disruptive technology that is immediately deployable but may be underutilized or languishing.
In pursuit of its investment strategy, TCP has embarked on sponsoring $540 million in first-round equity investments. Although the firm does not participate in early-stage venture investments, its acquisition process is initiated with the careful identification of the subject technology, which serves as a critical factor in their strategy.
The team at Technology Capital Partners boasts seasoned expertise, including the former Managing Partner and Co-Head of Weiss, Peck & Greer’s private equity venture arm, now known as Lightspeed Ventures. This team member has played a pivotal role in leading initial limited partner investments in esteemed firms such as Kleiner Perkins and KKR. Additionally, the team includes a former Senior Vice President of Business Development at GE Capital. With a presence in key locations such as Los Angeles, Las Vegas, Salt Lake City, Omaha, and New York City, Technology Capital Partners is well-positioned to drive transformative growth through its innovative approach to acquisitions and technology integration.