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Springcoast Capital Partners Launches Operating Partner Program to Advance Portfolio Company Collaboration
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Springcoast Capital Partners, L.P. has launched its Operating Partner program, appointing notable leaders including Russell Klein from BigCommerce and Jose Morales from Freshworks. This initiative aims to enhance growth and value creation across its portfolio. The new partners bring substantial experience from high-growth sectors, having previously scaled companies like Atlassian and Proofpoint. Springcoast is focused on collaborating with management teams to optimize business strategies and operations, reinforcing its commitment to flexible capital solutions for technology-driven firms.
Positive
Appointment of experienced Operating Partners enhances strategic support for portfolio companies.
Russell Klein's and Jose Morales' backgrounds in scaling companies add significant expertise.
Springcoast's commitment to flexible capital solutions may attract more investment opportunities.
Negative
None.
Proven Operators Russell Klein, Lisbeth McNabb, Jose Morales, Tracey Newell Bring to Springcoast a Wealth of Experience and Expertise Spanning High-Growth Businesses, Including Strategy, Go-to-Market, Finance and Operations
NEW YORK--(BUSINESS WIRE)--
Springcoast Capital Partners, L.P., (“Springcoast” or the “Firm”), a growth equity firm focused on providing flexible capital to market leading software and technology-enabled companies, today announced the launch of its Operating Partner program with the appointments of Russell Klein, Lisbeth McNabb, Jose Morales and Tracey Newell as Operating Partners. Springcoast’s Operating Partners will work collaboratively with the Firm’s investment teams and portfolio company management to execute on repeatable growth and value creation initiatives.
“We welcome Russ, Lisbeth, Jose and Tracey to our team,” said Springcoast Managing Partner Holger Staude. “Having worked closely with each of them at current and former portfolio companies, we have been impressed with their ability to serve as trusted advisors to founders and management teams and leverage deep functional expertise to drive positive change.”
“Our Operating Partner program emphasizes our long-term commitment to providing collaborative support and resources to help our portfolio companies strategically scale their businesses,” added Springcoast Managing Partner Grant Wentworth. “We are looking forward to collectively leveraging Russ, Lisbeth, Jose and Tracey’s experience and expertise.”
Mr. Klein is the Chief Commercial Officer at BigCommerce (Nasdaq:BIGC), where he leads global business and corporate development efforts, and drives the company’s overall strategy to create and scale new product and service areas. A lifelong entrepreneur, Mr. Klein was previously the Co-Founder and CEO of SendMe, a mobile media company which he grew from initial concept to $100+ million in profitable recurring revenues.
Ms. McNabb is the former Chief Financial Officer (“CFO”) and Chief Operating Officer of the Linux Foundation, an open-source technology consortium. Previously, she served as CFO for Match.com and interim CFO for Illuminate Education. She is also the founder of DigiWorksCorp, a digital and data analytics SaaS company for retail and enterprise companies. Ms. McNabb is an independent director of Nexstar Media Group, Inc. NeoGames S.A. and Acronis a global leader in cybersecurity and data protection.
Mr. Morales is the former Head of Global Field Operations at Atlassian which included direct and indirect sales, partner programs, services and other key go-to-market functions. He helped Atlassian scale from sub-$100 million in revenue to over $1.8 billion in software revenues. Mr. Morales also served as Chief Revenue Officer at Freshworks (Nasdaq:FRSH), a provider of customer and employee engagement solutions with more than 50,000 customers and more than $500 million in recurring SaaS revenues. He is currently a board member at Datastax, a leading database software platform, and Jumpcloud, a provider of identity access management software.
Ms. Newell is the former President of Informatica, where she was responsible for global sales, marketing and customer success. Previously, she was the global head of sales and customer success at Proofpoint, which she helped scale from $100 million to $700+ million in recurring revenues. Prior to joining Proofpoint, Ms. Newell led the sales organization at Polycom where she was responsible for a team of more than 1000 sales, channels, and systems engineering professionals. She currently serves on the boards of DataRobot, Deepwatch, Druva, Highspot, SailPoint and SumoLogic.
About Springcoast Capital Partners, L.P.
Springcoast Capital Partners, L.P. is a growth equity firm focused on partnering with management teams of market leading technology and technology-enabled companies to help them scale their businesses through flexible capital solutions. For more information, please visit www.springcoast.com.
