Elsewhere Partners Closes $285M Fund III to Drive Growth in B2B Software Companies

Elsewhere Partners has recently completed the finalization of Elsewhere Partners III, L.P. (EP Fund III), securing an additional $285 million in capital specifically aimed at majority investments in growth-ready B2B software companies.

Founded in 2016 by experienced Austin Ventures alumni Chris Pacitti and John Thornton, Elsewhere Partners has been dedicated to reshaping software investment strategies and maximizing the potential of capital-efficient software companies with proven products that are hindered by suboptimal go-to-market practices. The firm's transition into an early stage private equity firm has been a natural progression, building on the founders' extensive experience in leading early stage investments and managing transformational investments in capital-efficient software companies.

The firm aims to fill a gap in the VC/PE ecosystem by offering a low-risk/high-reward investment model and a transformational playbook, positioning itself as the 'Series A' private equity investor for B2B software companies. With the backing of new and existing limited partners, Elsewhere Partners is committed to driving strategic growth in the software sector across U.S. and international markets.

With the launch of EP Fund III, Elsewhere Partners will further enhance its focus on majority investments ranging from $20 million to $50 million in growth-ready software companies, particularly those led by strong technical founders that have achieved revenue scaling of $3 million to $12 million. The firm's dedicated Operating Partners and extensive Operating Advisor network offer the essential seasoned operational leadership and functional support required for effective scaling.