Jurassic Announces Oversubscribed $30M Inaugural Fund

Today, we’re excited to announce the final closing of our oversubscribed inaugural fund, Jurassic Capital Growth Fund I, with over $30 million of investor commitments.

We launched Jurassic almost four years ago to fill a gap for bootstrapped and lightly capitalized software companies with between $1m and $5m in annual recurring revenue. But, now in their journey to scale, their founders are seeking capital paired with operational expertise and guidance from seasoned software founders and executives who have been there before. They often find their approach is a poor fit for venture capital and are often too small for typical growth equity investments. This is where Jurassic comes in.

Since we started investing in late 2019, we’ve invested in five companies, all of which are part of this fund. These companies were looking for our unique blend of capital and expertise. With our long-standing experience in Southeast, we have been able to tap into our network (including our Operating Advisors) to add talent and expertise to these already great companies.

After testing the strategy with two companies in 2020 and seeing enthusiasm for prospective companies and investors, we embarked on putting together this fund and held an initial closing in early 2022. With this additional capital, we will be able to further scale our own efforts and create a portfolio of eight to ten companies that fit our thesis.

We’d like to thank our new investors and portfolio companies for believing in this thesis and look forward to continuing to impact this ecosystem. As always, if you know any prospective companies for this fund that fit our profile, please let us know.

Onward!

Kevin, Joe, and Chrissy