_1575009657438.png?format=webp&height=120&width=120){kind=logo}
About 22C Capital
22C Capital is a venture capital firm founded in 2017. It is primarily based out of Boca Raton, United States. As of Feb 2022, 22C Capital has invested in 5 companies. It primarily invests in PE round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and HealthTech. Most recently it participated in the $***** Series C round of RapidRatings Overall, 22C Capital portfolio has seen 1 unicorn, 1 IPO and 2 acquisitions including key companies like RapidRatings, Definitive Healthcare and Aurora. A lot of funds co-invest with 22C Capital, with names like Spectrum Equity sharing a substantial percentage of its portfolio. 22C Capital has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
PE, Seed & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
22C Capital's List of All Investments
22C Capital has a portfolio of 5 companies, one of which is a Unicorn. Their most notable investments are in RapidRatings and Definitive Healthcare.Their portfolio spans across United States and United Kingdom. They have invested in Enterprise Applications, FinTech, HealthTech and 1 other sectors, across stages such as PE, Seed and 3 more. Here is the list of all investments by 22C Capital:1. RapidRatings
Cloud-based solution for vendor risk management. It provides actionable insight into the financial health of a company. It offers insights into the financial stability of third-party vendors, suppliers, and counterparties. It is used by insurance underwriters, investors, trading partners, and more to assess the health of the company.
Key facts about RapidRatings
- Founded Year: 2002
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $255M
- Employee Count: 161 as on Aug 31, 2026
- Investors: Spectrum Equity, 22C Capital and 3 Others
- Latest Funding Round: Series C, Feb 14, 2022, $*****
- Highlight: Editors' Pick
Provider of healthcare data, analytics, and related insights and services. The company offers data management and integration to enrich systems. Advanced analytics provide insights for the healthcare sector. It delivers solutions for biopharma, medtech, healthcare providers, and software companies.
Key facts about Definitive Healthcare
- Founded Year: 2008
- Location: Natick (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $4.31M
- Employee Count: 500 - 999 as on Mar 01, 2026
- Investors: HTIF, Spectrum Equity and 2 Others
- Latest Funding Round: Series A, Apr 06, 2021, $*****
- Highlight: Public
3. Aurora
Provider of energy market forecasting, asset valuation, and strategic advisory. The company delivers insights and tools for making informed energy decisions. It offers an integrated energy intelligence platform, bringing together forecasts, market models, reports, and tools. The company’s software suite enables energy professionals with advanced tools for market analysis.
Key facts about Aurora
- Founded Year: 2013
- Location: Oxford (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Employee Count: 1,225 as on Aug 31, 2026
- Investors: 22C Capital, CGE Partners and 4 Others
- Latest Funding Round: Seed, Oct 30, 2020, $*****
- Highlight: Acquired
4. DiscoverOrg
Key facts about DiscoverOrg
- Founded Year: 2007
- Location: Vancouver (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Employee Count: 114 as on Aug 31, 2026
- Investors: 22C Capital, Bregal Sagemount and 1 Other
- Latest Funding Round: PE, Mar 14, 2018, $*****
- Highlight: Acquired
Online workers' compensation insurance platform for small businesses. It offers insurance quotes for workers' compensation, commercial auto, cyber liability, errors and omissions, general & professional liability, and more. It offers insurance for construction, restaurants, manufacturing, retail, and healthcare industries.
Key facts about Pie Insurance
22C Capital's Year-on-Year Investment Trends
22C Capital has invested in 6 companies over the last 8 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in RapidRatings.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
2018 | 1 | 0 | 1 |
22C Capital's Investments by Stage
22C Capital has made 1 investment in PE stage, 1 investment in Seed stage, 1 investment in Series A stage, 1 investment in Series B stage with an average round size of $45M and 1 investment in Series C stage with an average round size of $200M.Stage of entry | No. of Investments |
|---|---|
PE | 1 |
Seed | 1 |
Series A | 1 |
Series B | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
22C Capital's Investments by Sector
22C Capital has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Vertical SaaS, Big Data - Industry Applications and HealthTech. Notably, it has invested in 5 Enterprise (B2B) companies, 5 Tech companies, 3 Saas companies and 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
FinTech | 2 |
Vertical SaaS | 2 |
Big Data - Industry Applications | 1 |
HealthTech | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
22C Capital's Investments by Geography
22C Capital has made most investments in United States (4), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 4 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
22C Capital's recent investments
22C Capital has not made any investment in 2026 so far.Here are the most recent investments by 22C Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 14, 2022 | United States | Series C | 7301 | ||
Oct 30, 2020 | United Kingdom | Seed | 2358 | ||
Oct 02, 2019 | United States | Series A | 8382 | - | |
Mar 06, 2019 | United States | Series B | 1879 | [+5] | |
Mar 14, 2018 | United States | PE | 2523 |
Unicorns in 22C Capital's Portfolio
22C Capital has 1 unicorn in its portfolio - RapidRatings. The most recent unicorn in their portfolio is RapidRatings which became a unicorn in 2022.Here is a list of unicorns in 22C Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Cloud-based solution for vendor risk management | 2002 | New York City | Series C | uvecnci |
IPOs and Publicly Listed companies in 22C Capital's Portfolio
1 of 22C Capital's portfolio company became public - Definitive Healthcare. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2021 at marketcap of $4.01BHere are 22C Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 15, 2021 | Oct 02, 2019 | Series A | 3420 |
Acquired companies in 22C Capital's Portfolio
2 companies from 22C Capital's portfolio have been acquired. The most recent acquisition was Aurora in Jun 2025 by TPG for $*****.Here are 22C Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 04, 2025 | Oct 30, 2020 | Seed | 2012 | |
Jun 01, 2014 | Mar 14, 2018 | PE | 2959 |
Team profile of 22C Capital
22C Capital has a team of 1 member located in United States. 22C Capital's team does not sit on the board of any company as of now.Co-investors of 22C Capital
Over the past 8 years, 19 investors have co-invested in 22C Capital's portfolio companies. This includes funds and angels.
- Invested before 22C Capital: FTV Capital, LLR Partners and 6 others have invested in rounds before 22C Capital. There is 1 company where FTV Capital has invested before 22C Capital and 1 company where LLR Partners has invested before 22C Capital.
- Top Co-investors of 22C Capital: 4 investors entered a company along with 22C Capital. These include investors like Spectrum Equity (1 company).
- Invested after 22C Capital: A total of 7 investors have invested in 22C Capital's portfolio after their investments. Top Investors include Allianz X (1 company), Acrew Capital (1 company) and SVB (1 company).
Recent News related to 22C Capital
•
Frazier Healthcare’s Acquisition of RevSpringGlobal Legal Chronicle•Mar 21, 2024•Frazier Healthcare Partners, RevSpring, Goodwin, GTCR and 2 others
•
RapidRatings Announces $200 Million Growth Investment Led by Spectrum Equity, 22C CapitalBusiness Wire•Feb 14, 2022•RapidRatings, Spectrum Equity, 22C Capital
•
Equity Consortium Led By Nordic Capital And Including Insight Partners Completes Acquisition Of InovalonGlobeNewswire•Nov 24, 2021•Inovalon, Nordic Capital, Insight Partners, 22C Capital and 6 others
•
ZoomInfo Announces Pricing of Secondary Offering of Shares of Class A Common StockMarTech Series•Aug 09, 2021•ZoomInfo, TA Associates, The Carlyle Group, 22C Capital and 1 other
•
ZoomInfo Announces Pricing of Secondary Offering of Shares of Class A Common StockBusiness Wire•Dec 01, 2020•ZoomInfo, TA Associates, The Carlyle Group, 22C Capital and 20 others
•
ZoomInfo Announces Secondary Offering of Shares of Class A Common StockBusiness Wire•Aug 17, 2020•ZoomInfo, 22C Capital, The Carlyle Group, J P Morgan and 21 others
•
22C Capital Announces Investment in Definitive HealthcareBusiness Wire•Oct 02, 2019•22C Capital, Definitive Healthcare
•
DiscoverOrg Says Completed A Minority Investment By The Carlyle GroupReuters•Mar 14, 2018•DiscoverOrg, The Carlyle Group, 22C Capital
