USA – Blueprint Equity, a Solana Beach, Calif.-based growth equity firm, closed its second fund, Blueprint Equity II, LP, at $175M.
Fund II includes a select group of endowments and other prominent institutions, in addition to Fund I existing investors. The vehicle will make $5 – 15m minority investments in high-growth, capital efficient technology and technology-enabled services businesses generating $1 – 7m in revenue. Founded by Sheldon Lewis and Bobby Ocampo, Blueprint provides expansion capital to enterprise software and technology-enabled services businesses worldwide. The firm focuses on partnering with product-first founders with significant domain expertise who have yet to raise institutional capital. Fund II will allow Blueprint to further scale its investment team and to increase the support and expertise it offers its portfolio companies. Since Blueprint’s founding, the firm has invested in Axela Technologies, CompanyCam, Quativa, RocketRez, Sunwave Health, and Tovuti LMS, as well as undisclosed add-on acquisitions for Axela Technologies and RocketRez. Blueprint also announced the promotions of Francis Donohue to Vice President and Michael Merritt to Senior Associate. Donohue joined Blueprint as its first hire in 2018 and has progressed through the firm since joining, most recently serving as Senior Associate. Prior to joining Blueprint, Donohue was Head of Partnerships at TrackMaven. Merritt joined Blueprint in 2020, prior to which he was an Associate with PricewaterhouseCoopers’ Financial Due Diligence group. 28/02/2022
