Lock 8 Partners, a leading technology-focused private equity firm in the lower middle market, has announced the successful closing of its second fund, Lock 8 Fund II LP, securing $100 million. This fundraise reflects strong confidence from existing investors and welcomes notable new participants.
“We are incredibly grateful to our investors, partner companies, and team members who have embraced our operationally-oriented investing approach,” stated Todd Gibby, Managing Partner at Lock 8 Partners. “The successful Fund II closing validates our belief in the power of collaboration between software operators and investors to achieve exceptional outcomes. Building on a dynamic past year, Lock 8 Partners is poised to leverage this momentum in Fund II.”
Fund II will enable Lock 8 Partners to continue its proven strategy of investing in and scaling B2B SaaS and tech-enabled services companies within the lower middle market. The firm distinguishes itself through its deep operational and functional expertise, derived from over 30 years of SaaS go-to-market, sales enablement, and general management experience. This hands-on approach allows Lock 8 Partners to offer unique liquidity options to sellers, typically unavailable at a smaller scale.
The investment focus remains on acquiring stable, under-the-radar companies with strong product foundations that possess untapped go-to-market potential. Lock 8 Partners provides flexible capital solutions to facilitate growth, offer liquidity, and support strategic acquisitions. Since its inception in 2019, the firm has already made four investments and recently celebrated a successful exit, demonstrating the effectiveness of their investment and operational model.
