Banneker Partners
Banneker Partners is a San Francisco-based private equity firm that acquires and operates lower-middle market enterprise software companies, partnering with founders to provide capital, strategy, and operational support. The firm manages $2B+ in AUM across 23 platform investments.
- Company typePrivate
- Founded2016
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Banneker Partners does
Banneker Partners LLC is a San Francisco-based private equity firm specializing in control investments in lower-middle market enterprise software companies. Founded in 2016 (with firmographic references to 2011), the firm manages $2B+ in assets under management as of mid-2024 and has executed 23 platform investments and 75 add-on acquisitions as of May 2026. Its portfolio spans vertical SaaS across diverse end markets including supply chain (Arkieva, Ever.Ag, Silo, Dairy.com), public safety (Versaterm), forestry (Remsoft, INFLOR, Lim Geomatics, LOGR), construction and equipment (Texada, XBE, Gauge), manufacturing (Eyelit, iGrafx), healthcare (Hint Health, Surgimate, L7 Informatics), education (Kuali, LINQ), government tech (HS Govtech, CORE), energy (ResFrac), critical infrastructure cybersecurity (Industrial Defender), procurement (Levadata), contact centers (SuccessKPI), and media (Fabric, Xytech). The firm's strategy is to partner with founders and management teams to provide capital, strategic guidance, and operational support via a proprietary software-focused best-practices framework; realized exits include IQMS (sold to Dassault Systèmes for $425M in 2018) and Pepperjam (sold to Partnerize in 2020). The firm operates from San Francisco (480 Pacific Avenue, Suite 200) and Portland (560 S.W. Tenth Avenue, Suite 400), with leadership comprising Managing Partner Stephen Davis, Partners Kenneth Frank and Matthew McDonald, CFO Mark Shang, and five Operating Partners, supported by Principals, Vice Presidents, Associates, and Analysts. Revenue is generated through standard private equity management fees on committed capital and performance-based carried interest on successful exits.
Banneker Partners firmographics
Firmographics- Name
- Banneker Partners
- Legal name
- Banneker Partners LLC
- Website
- https://bannekerpartners.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Banneker Partners is a San Francisco-based private equity firm that acquires and operates lower-middle market enterprise software companies, partnering with founders to provide capital, strategy, and operational support. The firm manages $2B+ in AUM across 23 platform investments.
- Ownership category
- akta.pro rank
Banneker Partners industry classification
Industry- Product category
- Private Equity / Software Investment
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Platform Buy-and-Build / Roll-Up Buyout (FSANABAI)
- akta.pro secondary industries
- Industry-Specialist Buyout (Sector-Focused) (FSANABAE), Technology & Software Growth Equity (FSANACAA)
Keywords
Where Banneker Partners is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Banneker Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Management Fees: Standard private equity management fees typically charged on committed capital
- Carried Interest: Performance-based carried interest from successful exits of portfolio companies
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Banneker Partners product offering
Product offeringCore offering
Banneker Partners is a private equity firm that makes control and growth investments in lower-middle market enterprise software companies. The firm partners with founders and management teams by providing capital, strategic guidance, operational support, and access to a framework of software-focused best practices and resources. It also supports add-on acquisitions to accelerate growth at its portfolio companies.
Product overview
Banneker Partners is a private equity firm specializing in enterprise software investments in the lower middle market. The firm has 23 platform investments and 75 add-on acquisitions, with over $2B in assets under management. The portfolio consists of vertical SaaS companies across diverse industries including supply chain planning (Arkieva, Ever.Ag), financial management (CORE, Fluence Technologies), manufacturing operations (Eyelit, iGrafx), public safety (Versaterm), forestry (Remsoft), agriculture (Silo), healthcare (Hint Health, Surgimate, L7 Informatics), education (Kuali, LINQ), government (HS Govtech), procurement (Levadata), contact centers (SuccessKPI), equipment rental/dealers (Texada), construction logistics (XBE), and critical infrastructure cybersecurity (Industrial Defender). The portfolio includes both active investments and realized exits (Fluence Technologies, Routeware).
Differentiator
Problem solved
Functional benefit
Products and services
- Private Equity Investment Funds Capital investment vehicles for institutional limited partners that deploy capital into lower-middle market enterprise software companies, with management fees and carried interest economics.
- Portfolio Company Partnership Program Hand-on partnership program for software company founders and management teams providing capital, strategic guidance, operational support, and access to software-focused best practices and resources.
- Add-On Acquisition Platform Strategic acquisition program supporting portfolio companies in pursuing add-on acquisitions to accelerate growth, expand into adjacent capabilities, markets, and geographies.
Quantifiable outcome
- 23 Platform Investments and 75 Add-On Acquisitions as of 05/20/2026
- +1 more outcomes
Companies that use Banneker Partners
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Banneker Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Banneker Partners partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- INFLORcoreRemsoft, a Banneker Partners portfolio company, acquired INFLOR to expand its global Forest Intelligence Platform. INFLOR is a specialist in forest management systems with over 20 years of experience serving forestry organizations across South America, North America, and Europe.
- LOGRminorRemsoft, backed by Banneker Partners, acquired Australia's Logr to expand its global forest management platform with real-time data capture and chain of custody features.
- GaugeminorXBE, a Banneker Partners portfolio company, acquired Gauge to enhance equipment asset management capabilities. Gauge provides integrated hardware and software solutions for equipment asset utilization with over 40,000 deployed tracking devices.
- Lim GeomaticsminorRemsoft, a Banneker Partners portfolio company, acquired Lim Geomatics to enhance its forestry platform with geospatial intelligence, LiDAR, and forest telematics capabilities.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Banneker Partners competitors and assessment
Company assessmentDirect peers
- JMI Equity: JMI Equity is a growth equity firm focused on software, internet, and tech-enabled services companies — closely aligned with Banneker's enterprise software thesis and lower-middle market orientation.
- BV Investment Partners: BV Investment Partners is a private equity firm focused on tech-enabled services and software businesses in the lower-middle market, providing a directly comparable strategy and deal-size profile to Banneker Partners.
- PSG Equity: PSG is a growth equity firm specializing in software and tech-enabled services, primarily in the lower-middle market — a near-identical strategy and target company profile to Banneker Partners, making it the most direct peer.
- Sumeru Equity Partners: Sumeru is a software-focused private equity firm investing in lower-middle market technology companies, closely comparable to Banneker's vertical SaaS, lower-middle market orientation and active platform approach.
- Mainsail Partners: Mainsail is a growth equity firm focused exclusively on vertical SaaS companies in the lower-middle market — directly parallel to Banneker's enterprise software focus and target check size range.
- Accel-KKR: Accel-KKR focuses on control investments in lower-middle market software and tech-enabled businesses, sharing Banneker's target company profile, sector specialization, and growth-oriented value creation model.
- Frontier Growth: Frontier Growth is a private equity firm focused on helping lower-middle market software and technology companies scale, providing a closely comparable focus area and target company profile to Banneker.
Broad incumbents
- Insight Partners: Insight Partners is a large-scale software and technology investor operating across stages — a broader incumbent in the same software PE space, but at materially larger AUM and broader deal sizes than Banneker.
- Thoma Bravo: Thoma Bravo is one of the largest software-focused PE firms globally — a broad incumbent operating in the same vertical SaaS space but at significantly larger scale than Banneker.
- Vista Equity Partners: Vista Equity Partners is a global software-focused PE firm — a broad incumbent in the enterprise software investment space, far larger in AUM than Banneker but operating in the same target category.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Banneker Partners social profiles
Digital presenceBanneker Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Banneker Partners leadership team
Management profileNumber of profiles
Profiles10 records
Banneker Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Banneker Partners M&A and investment
M&A and investmentM&A8 records
Investments20 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Banneker Partners
What does Banneker Partners do?
Banneker Partners is a private equity firm that makes control and growth investments in lower-middle market enterprise software companies. The firm partners with founders and management teams by providing capital, strategic guidance, operational support, and access to a framework of software-focused best practices and resources. It also supports add-on acquisitions to accelerate growth at its portfolio companies.
Is Banneker Partners a public or private company?
Banneker Partners is a private company. It is classified as management employee owned and is currently operating.
When was Banneker Partners founded?
Banneker Partners was founded in 2016. It employs 11 to 50 people.
Where is Banneker Partners based?
Banneker Partners is headquartered in San Francisco, United States, in the North America region.
How does Banneker Partners make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are Banneker Partners's main competitors?
Direct peers on record are JMI Equity, BV Investment Partners, PSG Equity, Sumeru Equity Partners, Mainsail Partners, Accel-KKR and Frontier Growth. Broad incumbents are Insight Partners, Thoma Bravo and Vista Equity Partners.
Does Banneker Partners have an API?
No public API is recorded for Banneker Partners.
What industry is Banneker Partners in?
Banneker Partners's product category is Private Equity / Software Investment. Its primary akta.pro industry code is FSANABAI, Platform Buy-and-Build / Roll-Up Buyout, with a secondary code of FSANABAE, Industry-Specialist Buyout (Sector-Focused). Its NAICS code is 52394 and its SIC code is 6282.