AUSTIN, TX – Mainsail Partners, a prominent growth equity firm recognized for its strategic investments in rapidly expanding, bootstrapped software companies, has officially announced the inauguration of its second office in Austin, Texas, slated for September 2021. This significant expansion marks a pivotal moment for the San Francisco-based firm, established nearly two decades ago, underscoring its strong belief in the flourishing software landscape within Texas and its commitment to fostering deeper relationships within this dynamic ecosystem.
Gavin Turner, Co-founder and Managing Partner at Mainsail Partners, articulated the firm’s long-standing connection with Texas, stating, ” منذ تأسيس Mainsail ، استثمر فريقنا في جميع أنحاء الولايات المتحدة ووجد أن تكساس موطن لمجتمع نابض بالحياة بشكل فريد من شركات البرمجيات التي يقودها المؤسسون “. He further emphasized the strategic importance of this physical presence: “Our commitment to Texas has been there for a long time. This new office will put us front and center with this community, providing our team with what we believe will be even greater opportunities to build relationships early and often with growing software companies.” This move signifies Mainsail Partners’ proactive approach to engaging directly with promising software ventures at an earlier stage of their growth trajectory.
Since its inception in 2003, Mainsail Partners has demonstrated robust financial acumen, amassing over $1.3 billion in committed capital and channeling investments into more than 50 bootstrapped companies across the United States. The firm’s investment strategy is laser-focused on software companies exhibiting rapid growth, a recurring annual revenue stream exceeding $5 million, and a strong market presence with compelling product offerings. Mainsail’s portfolio already includes a notable Texan presence with investments in three companies, two of which – PestRoutes based in McKinney, TX, and ResMan located in Plano, TX – represent recent additions to their investment roster. The Austin office is strategically positioned to enhance Mainsail Partners’ accessibility to burgeoning markets throughout the Southern region, further facilitating partnerships with innovative software company founders.
Bill Salisbury, Operating Partner and CFO of Mainsail Partners, highlighted the operational advantages of the new location. “This move supports our model of collaborating closely with the management teams of our portfolio companies,” Salisbury explained. “The Austin office will make it more convenient to engage directly and in-person with our partners as we strive to drive value creation.” He also pointed out the strategic benefit for talent acquisition, adding, “Additionally, we expect this office location to give our team access to a broader pool of talent to continue building out our Operations and Investment Teams.” Austin’s vibrant and growing tech scene offers a rich pool of skilled professionals, aligning with Mainsail Partners’ commitment to strengthening its operational and investment capabilities.
Demonstrating their commitment to Austin, both Gavin Turner and Bill Salisbury have already relocated to the city. They will be joined by approximately a dozen other employees, further establishing a significant Mainsail Partners presence in the region. The new Austin office is strategically located at 500 W 5th Street, placing Mainsail Partners at the heart of Austin’s business district.
About Mainsail Partners
Mainsail Partners stands as a growth equity firm with a refined focus on investing exclusively in rapidly growing, bootstrapped software companies. With offices now in both San Francisco and Austin, the firm manages over $1.3 billion in capital and boasts a portfolio of over 50 companies since 2003. Mainsail Partners prioritizes B2B software companies demonstrating strong business models within expanding markets. The firm distinguishes itself through its dedicated Operations Team, comprised of seasoned professionals with real-world experience in scaling software businesses. This team actively collaborates with founders, leveraging established best practices and a partnership-driven approach to accelerate growth and drive significant value creation. For deeper insights into Mainsail Partners and its operations, please visit mainsailpartners.com or explore their professional network on LinkedIn.
