Smith Point Capital
- Company typePrivate
- Founded2023
- HeadquartersBoston, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Smith Point Capital firmographics
Firmographics- Name
- Smith Point Capital
- Legal name
- Smith Point Capital Management, LLC
- Website
- https://smithpointcapital.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Smith Point Capital industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Technology & Software Growth Equity (FSANACAA)
- akta.pro secondary industry
- Late-Stage Venture Capital (Series C+) (FSANAAAC)
Keywords
Where Smith Point Capital is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Smith Point Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Management Fees and Carried Interest: Smith Point Capital generates returns through traditional venture capital economics: management fees on committed capital (Fund I raised more than $360 million with a $300 million target, capped at $400 million), and carried interest from successful portfolio company exits. The operator-led model is designed to drive superior returns by providing hands-on operational support to accelerate portfolio company growth, with PitchBook data cited showing that VC firms with active roles in company-building experience failure rates 50% lower than peers and generate 3x-4x higher returns.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Smith Point Capital product offering
Product offeringCore offering
Smith Point Capital is an operator-led venture capital firm that invests in growth-stage enterprise software companies typically generating $50M-$250M in annual recurring revenue at Series B and C stages. The firm deploys capital from its inaugural Fund I (more than $360 million in commitments) and supplements capital with hands-on operational support delivered through its Precision Advisory Network of C-suite executives from leading software companies. Investment themes span applied AI, data management, edge computing, and precision applications.
Product overview
Smith Point Capital is an operator-led venture capital firm that invests in enterprise software companies. The firm does not offer a product platform in the traditional sense; rather it provides growth equity investment and operational support to portfolio companies through its operator-led investment approach, Precision Advisory Network, and strategic value creation services. The firm manages Smith Point Capital Fund I, L.P. with over $360 million in commitments and has deployed capital across multiple portfolio companies including Anomalo (data quality), AssemblyAI (speech-to-text LLMs), Bestow (life insurance software), Code Metal (AI code translation), Gather AI (warehouse drone/robotics platform), Neuron7 (service resolution intelligence), Prophecy (data pipeline platform), Virtualitics (AI data exploration), and Zededa (edge infrastructure).
Differentiator
Problem solved
Functional benefit
Brands
- Precision Advisory Network: Network of industry-leading senior executives from companies like Salesforce, Oracle, ServiceNow, Cisco, Databricks, and Genesys providing operational expertise to portfolio companies
Products and services
- Smith Point Capital Fund I, L.P. A closed-end venture capital fund providing growth equity investment to enterprise software companies typically generating $50M-$250M in ARR at Series B and C stages, supplemented with hands-on operational support through the firm's Precision Advisory Network.
- Precision Advisory Network
Quantifiable outcome
- Portfolio companies deliver nearly 100% year-over-year ARR growth on average
- +3 more outcomes
Companies that use Smith Point Capital
Customer profileNamed customers9 records
Segments1 record
Ideal customer profiles1 record
Smith Point Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Smith Point Capital partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Precision Advisory NetworkcoreThe Precision Advisory Network comprises industry-leading senior executives from Salesforce, Oracle, ServiceNow, Cisco, Databricks, Genesys, and others including Denise Dresser (CRO, OpenAI), Lisa Edwards (Former Salesforce, Visa Board), Andy Kofoid (President, Databricks), Maria Martinez (Former Cisco, Salesforce, Microsoft), Jeff Sanders (Heidrick & Struggles), Ari Schmorak (Head of GTM at Stripe), Larry Shurtz (CSO, Genesys), Paul Smith (CCO, Anthropic), Sara Varni (CMO, Datadog), and John Wookey (Former SAP, Salesforce, Oracle). The network provides targeted operational expertise serving as a force multiplier for portfolio companies.
- Carnegie Mellon UniversityminorCarnegie Mellon University represents part of Smith Point's extended network ecosystem, with top programs in Computer Science, AI, and Edge Computing providing access to talent, research partnerships, and innovation pipelines for portfolio companies.
- SnowflakecoreSnowflake partnered with Virtualitics to place intelligent exploration capabilities into the hands of joint customers, allowing them to use AI to identify hidden connections in data and explore insights in immersive 3D visuals directly from Snowflake's single, integrated platform.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Smith Point Capital competitors and assessment
Company assessmentBroad incumbents
- Vista Equity Partners: One of the largest software-focused private equity firms. Smith Point co-founder Burke Norton was formerly a Senior Managing Director and co-head of Vista's Perennial Capital Fund. Vista operates a similar operator-led enterprise software investment model at much larger scale.
- Thoma Bravo: Major software-focused private equity firm investing across the software lifecycle. Comparable in enterprise software thesis and operating partner model, though at much larger fund sizes and broader stage range.
- General Atlantic: Global growth equity firm with significant enterprise software and data/AI portfolio. Comparable in growth-stage enterprise software thesis and operator support approach, though with broader sector exposure and global mandate.
- TPG Capital: Major alternative asset manager with growth equity and software-focused strategies (including TPG Growth and The Rise Fund). Comparable in targeting growth-stage technology companies, though at much larger fund sizes across diversified sectors.
Direct peers
- Insight Partners: Large-scale growth equity and venture capital firm focused on high-growth technology and software companies. Directly comparable in targeting Series B/C enterprise software investments with similar ARR thresholds and operating value-add approach.
- Battery Ventures: Technology-focused venture capital firm investing across stages in enterprise software, with strong AI/data portfolio. Battery co-led Neuron7's Series A alongside Smith Point's lead on the Series B, indicating direct portfolio overlap and co-investment relationships.
- TA Associates: Growth equity firm focused on technology, healthcare, and financial services. Comparable in targeting growth-stage enterprise software companies with similar ARR bands and minority/majority growth equity structures.
- Accel-KKR: Private equity firm focused on middle-market software and technology-enabled services. Comparable in targeting growth-stage enterprise software with operating value-add, though typically takes control positions.
- Norwest Venture Partners: Growth equity and venture capital firm investing across stages in enterprise software, data, and AI. Comparable in targeting growth-stage enterprise software companies with similar operator-led value-add approach and ARR thresholds.
Others
- Salesforce Ventures: Strategic venture arm of Salesforce investing in enterprise software and AI. Co-led Code Metal's $125M Series B with Smith Point participating, demonstrating co-investment relationships with strategic corporate VCs in the same enterprise software theme.
Market position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Smith Point Capital social profiles
Digital presenceSmith Point Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Smith Point Capital leadership team
Management profileNumber of profiles
Profiles13 records
Smith Point Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Smith Point Capital M&A and investment
M&A and investmentM&A
Investments12 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Smith Point Capital
What does Smith Point Capital do?
Smith Point Capital is an operator-led venture capital firm that invests in growth-stage enterprise software companies typically generating $50M-$250M in annual recurring revenue at Series B and C stages. The firm deploys capital from its inaugural Fund I (more than $360 million in commitments) and supplements capital with hands-on operational support delivered through its Precision Advisory Network of C-suite executives from leading software companies. Investment themes span applied AI, data management, edge computing, and precision applications.
Is Smith Point Capital a public or private company?
Smith Point Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Smith Point Capital founded?
Smith Point Capital was founded in 2023. It employs 1 to 10 people.
Where is Smith Point Capital based?
Smith Point Capital is headquartered in Boston, United States, in the North America region.
How does Smith Point Capital make money?
One revenue line is on record: management Fees and Carried Interest.
Who are Smith Point Capital's main competitors?
Broad incumbents on record are Vista Equity Partners, Thoma Bravo, General Atlantic and TPG Capital. Direct peers are Insight Partners, Battery Ventures, TA Associates, Accel-KKR and Norwest Venture Partners. Salesforce Ventures is listed as an others.
Does Smith Point Capital have an API?
No public API is recorded for Smith Point Capital.
What industry is Smith Point Capital in?
Smith Point Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANACAA, Technology & Software Growth Equity, with a secondary code of FSANAAAC, Late-Stage Venture Capital (Series C+). Its NAICS code is 523940 and its SIC code is 6282.