Based in Ann Arbor, Michigan, growth equity firm Plymouth Growth has successfully raised approximately $125 million in committed capital for its newest fund, Plymouth Growth V, LP. The firm’s focus is on spurring growth in the B2B software and tech-enabled services sectors across the North American mid-continent, allocating funds ranging from $5 million to $15 million per investment.
Guided by Partners Jeff Barry, Brook Critchfield, Kevin Terrasi, and Evan Ufer, Plymouth Growth V has already invested in six burgeoning technology companies, including recent additions Forj and CloseSimple. They plan to continue this investment momentum with the new capital at their disposal.
Kathleen Kaulins recently joined Plymouth Growth as a senior member of the investment team, leveraging the newly secured capital. The firm has considerably expanded its investment team over the past two years – adding Michelle Erikson as Senior Associate, Alison Todak as Director of Platform, and Caroline Wolanin as Analyst. This expansion underlines the firm’s intensified investment activities and commitment to supporting rapid-growth tech enterprises.
This successful fundraising round and the continued expansion of the investment team underscore Plymouth Growth’s dedication to nurturing high-potential tech ventures in the B2B software and tech-enabled services space. By strategically investing in these sectors, the firm aims to spur innovation and growth, contributing to the broader advancement of the technology industry in North America.