July 14, 2022
NEW YORK, NY -- Lock 8 Partners, a leading technology lower middle-market buyout firm, announced today that it has successfully raised its second fund, Lock 8 Fund II LP (“Fund II”). The fund closed at $100 million with strong support from all current investors, as well as a select number of notable new investors.
“We are incredibly grateful to our investors, partner companies, and team members who have embraced our vision of operationally-oriented investing and have helped it become a reality,” said Todd Gibby
, Managing Partner at Lock 8. “Lock 8 was founded on the idea that software investing can be highly successful when software operators and investors collaborate to generate outstanding outcomes, and Fund II is a testament to that. It has been an active last twelve months for Lock 8, and we hope to build upon this momentum in Fund II.”
With Fund II, Lock 8 will continue executing its strategy of investing in and scaling lower middle-market B2B SaaS and tech-enabled services companies by leveraging operational and functional expertise. The firm’s operational capability comes from 30+years of SaaS GTM, sales enablement, and general management best-practices experience. Additionally, we look to provide sellers with liquidity options not typically available at a small scale. The investment focus will remain on acquiring stable, below-the-radar companies with solid products, which have generally under-indexed in their go-to-market efforts. The fund provides flexible capital for growth, liquidity, and acquisitions. The firm has made four investments since its founding in 2019 and recently exited one investment.
Lock 8 Partners is a leading lower middle-market investment firm focused exclusively on privately held B2B SaaS and tech-enabled services companies. Lock 8 acquires businesses with proven products that solve demonstrated market needs and helps them achieve success at scale by providing capital, new senior leadership, and operational expertise. Through Lock 8's operating experience, the firm has developed a proven but adaptable framework for growing businesses, which it leverages to deliver coaching, resources, and actionable support to portfolio companies. Lock 8’s investment criteria can be found here
. Further information is available at www.lock8partners.com
Contact: Tim Blomfield at [email protected]