Growth equity firm

Summit Partners

At a glance

Assets under management$44B (as of Oct 2026) S2
Latest fundSummit Partners Growth Equity Fund XII, $9.5B (Oct 2024) S7
Check size$10M to $500M S4
Deal typesGrowth, Minority, Platform, Add-on S3
GeographyNorth America, Europe S4
SectorsSoftware & SaaS, Cybersecurity, Healthcare Services, Accounting & Professional Services, Wealth Management, Auto Services & Collision

What Summit Partners buys

Summit Partners is a Boston growth equity firm founded in 1984. It manages more than $44 billion and has backed over 550 companies. It looks for profitable, fast-growing companies that already lead their niche, in three areas: technology (software, cybersecurity, fintech, IT infrastructure and semiconductors), healthcare and life sciences (care delivery, practice management, clinical research and health technology), and what it calls growth products and services, which covers financial, business, information, consumer and industrial services. It invests mainly in North America and Europe.

Summit typically puts in $10 million to $500 million, as either a minority or a majority owner, and helps companies grow on their own or through acquisitions. Recent rounds have been large, such as $200 million for Quantifind and a round of more than $1 billion for Keyfactor, but Summit also backs services firms like UHY, a Michigan accounting firm that took its first outside capital from Summit in December 2024. Smaller owners are most likely to meet Summit through an add-on sale to a platform such as CollisionRight or Fortify Companies.

Recent deals

Announced in the 24 months before October 22, 2026.

DateCompanyTypeSectorSource
Oct 2026Cognitive CreditLed a $40 million round for a corporate credit data and AI workflow providerGrowthSoftware & SaaSSource
Sep 2026RWA Wealth PartnersAgreed sale to Wealth Enhancement, expected to close in the fourth quarter of 2026ExitWealth ManagementSource
Sep 2026VestmarkAgreement for Envestnet to buy the wealth management trading and portfolio software providerExitSoftware & SaaSSource
Aug 2026SocureGrowth investment in an identity verification and fraud prevention platform valued at $5.2 billionGrowthSoftware & SaaSSource
Jul 2026KeyfactorLed a growth investment of more than $1 billion in an Atlanta machine identity and cryptography security companyGrowthCybersecuritySource
Jul 2026Dreampath DiagnosticsFrench pathology lab workflow company sold to Halma a year after Summit investedExitSource
Jun 2026QuantifindLed a $200 million round for a Palo Alto financial crime risk intelligence platformGrowthSoftware & SaaSSource
Jun 2026RunpodLed a $100 million round for a San Francisco AI compute cloud for developersGrowthSoftware & SaaSSource
Apr 2026DoctrineRELX entered an agreement to buy the Paris legal AI platformExitSoftware & SaaSSource
Feb 2026Stay22$122 million growth investment in a Montreal content monetization platformGrowthSoftware & SaaSSource
Dec 2025Rytech RestorationFranchise restoration network with more than 100 locations added to Fortify Companies; the founder retiredAdd-onConstruction ServicesSource
Oct 2025HighwireSummit-backed contractor risk software company combined with Veriforce, which Summit now lists as a current holdingInvestmentSoftware & SaaSSource
Jun 2025Dr. SquatchAgreement to sell the men's personal care brand to UnileverExitConsumer & FoodSource
Jun 2025RIS RxGrowth investment in a pharmacist-founded company that protects drug makers' patient affordability programs from revenue leakageGrowthSource
Jun 2025ELATECAgreement to sell the German RFID reader maker to Allegion for EUR 330 millionExitIndustrial & ManufacturingSource
Apr 2025Instrumentl$55 million investment in grant discovery and management software for nonprofitsGrowthSoftware & SaaSSource
Apr 2025ManychatLed a $140 million round for a social media messaging automation platformGrowthSoftware & SaaSSource
Mar 2025One Point Advisory ServicesUK platform that partners with or buys regional accounting and financial adviser firmsGrowthAccounting & Professional ServicesSource
Jan 2025Fundraise UpLed a $70 million minority growth investment in an online fundraising platform for nonprofitsMinoritySoftware & SaaSSource
Dec 2024UHYFirst institutional capital for a Michigan accounting, tax and advisory firm with nearly 40 US officesGrowthAccounting & Professional ServicesSource

Portfolio by sector

From the firm's portfolio page S5.

Growth Products & Services

  • CollisionRight
  • Fortify Companies
  • UHY
  • One Point Advisory Services
  • Earned Wealth
  • Cinerius Financial Partners
  • Patriot Growth Insurance Services
  • Global Gruppe
  • CERTANIA
  • ShipMonk
  • 48forty Solutions
  • Cognitive Credit

Healthcare & Life Sciences

  • RIS Rx
  • US Health Partners
  • LumaBridge
  • AllerVie Health
  • Leon Medical Centers
  • InnovaCare Health
  • U.S. Renal Care
  • Sound Physicians
  • Blended Health
  • VaxCare
  • Veranex

Technology

  • Keyfactor
  • Keeper Security
  • Invicti Security
  • Socure
  • Quantifind
  • Runpod
  • Veriforce
  • Instrumentl
  • Manychat
  • Fundraise Up
  • NinjaOne
  • Jobber
  • Podium
  • MacStadium

Greymont’s take

How Summit Partners fits a seller

Summit fits founders of profitable, growing companies who want capital and help but may not want to sell the whole business. Many of its deals are minority growth rounds, such as Fundraise Up in January 2025. When it does buy a majority, founders often reinvest: CollisionRight's founder kept a significant stake when Summit bought control in January 2024. Summit also builds acquisition platforms, so owners of collision shops, restoration companies or accounting firms may hear from a Summit-backed buyer such as CollisionRight, Fortify or UHY.

Summit usually exits by selling to a larger company: Dr. Squatch went to Unilever, ELATEC to Allegion and Vestmark to Envestnet. Owners should ask whether Summit wants a minority or a majority stake, and what exit it expects, since a later sale to a strategic buyer is the common outcome.

Questions owners ask

How much does Summit Partners invest?

Its FAQ says it typically invests between $10 million and $500 million or more. Recent rounds ranged from $40 million for Cognitive Credit in October 2026 to more than $1 billion for Keyfactor in July 2026.

Does Summit Partners invest in collision repair or other local services businesses?

Yes. In January 2024 it bought a majority of CollisionRight, an Ohio consolidator that had bought 89 collision repair shops in three and a half years and plans more in the Central US and Mid-Atlantic. It also backs Fortify Companies, which bought Rytech Restoration in December 2025.

Does Summit take minority or majority stakes?

Both. Its FAQ says it can take either position, and recent examples include a minority growth investment in Fundraise Up in January 2025 and a majority investment in CollisionRight in January 2024.

Where does Summit Partners invest?

Mainly in North America and Europe. Its US teams sit in Boston, New York and Menlo Park, and its European teams in London and Luxembourg. Its flagship US fund closed at $9.5 billion in October 2024, and its fourth Europe fund closed at EUR 1.4 billion in February 2023.

Sources

  1. S1Summit Partners home page Accessed October 22, 2026
  2. S2Summit Partners: About Us Accessed October 22, 2026
  3. S3Summit Partners: Approach Accessed October 22, 2026
  4. S4Frequently Asked Questions About Summit Partners (investment range, ownership, sectors, regions) Accessed October 22, 2026
  5. S5Summit Partners: Growth Equity Portfolio (all five pages) Accessed October 22, 2026
  6. S6Summit Partners: News Accessed October 22, 2026
  7. S7Summit Partners Raises $9.5 Billion for Twelfth U.S. Growth Equity Fund (October 2, 2024) Accessed October 22, 2026
  8. S8CollisionRight Announces Investment from Growth Equity Firm Summit Partners (January 30, 2024) Accessed October 22, 2026
  9. S9Summit Partners: CollisionRight company page Accessed October 22, 2026
  10. S10Summit Partners Closes Fourth Europe Growth Equity Fund at EUR 1.4 Billion (February 13, 2023) Accessed October 22, 2026
  11. S11Summit Partners: MacStadium company page Accessed October 22, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Summit Partners. Figures are as reported on the dates shown and may have changed. Request a correction

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