North Bridge Growth Equity Closes Second Fund at over $580M
Summary
North Bridge Growth Equity held the final close of its second fund at over $580m.Led by a team of four general partners – Matt Blodgett, Doug Kingsley, Mike Pehl and Russ Pyle, North Bridge Growth Equity II will invest primarily in privately held, technology and tech-enabled businesses that are entrepreneur owned and managed, and have grown to tens of millions in revenue with little or no outside capital.North Bridge Growth Equity’s recent investments include: – Proto Labs, Inc. (NYSE: PRLB), a technology-enabled manufacturer of quick-turn parts currently valued at over $2 billion; – RuffaloCODY, a provider of technology-enabled fundraising and enrollment management services for higher education; and – SmartPak, the leading equine health brand in the United States.The firm has offices in Waltham, MA and Palo Alto, CA.FinSMEs 23/10/2013