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.