About Arsenal Growth Equity
Arsenal Growth Equity is a venture capital firm founded in 2003. It is primarily based out of Winter Park, United States. As of Mar 2026, Arsenal Growth Equity has invested in 52 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Series D round of Cart.com Overall, Arsenal Growth Equity portfolio has seen 1 unicorn, 1 IPO and 26 acquisitions including key companies like Sharecare, A123 Systems and Cart.com. A lot of funds co-invest with Arsenal Growth Equity, with names like Allos Ventures sharing a substantial percentage of its portfolio. Arsenal Growth Equity has team of 6 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Arsenal Growth Equity's List of Top Investments
Arsenal Growth Equity has a portfolio of 52 companies, one of which is a Unicorn. Their most notable investments are in Sirrus and Sirrus.Their portfolio spans across United States, Canada, China and 2 more locations. They have invested in Enterprise Applications, High Tech, Retail and 23 other sectors, across stages such as Series A, Series B and 2 more. Here is the list of top investments by Arsenal Growth Equity:
Thrive Market is an online membership-based platform offering organic groceries. Their product catalog includes snacks, beauty products, household products, beverages, etc. The company claims that its users can shop across categories like vegan, paleo, raw, gluten-free, etc. Some of the brands associated with the company are Jackson's honest, Acure, Smarty Pants, etc.
Key facts about Thrive Market
- Founded Year: 2014
- Location: Los Angeles (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $332M
- Employee Count: 907 as on Jun 30, 2026
- Investors: Western Technology Investment, SIZE and 64 Others
- Latest Funding Round: Series C, Jul 16, 2018, $*****
- Highlight: Editors' Pick
2. Sharecare
Provider of health and wellness social network for employees. It offers a platform that provides personalized health-related information, programs, and resources to consumers. It provides tools for tracking health metrics such as weight, sleep, and activity levels, allowing users to manage their health. It allows users to fill out their profile with details like height, weight, age, insurance information, primary care physician, and current medications.
Key facts about Sharecare
- Founded Year: 2010
- Location: United States
- Annual Revenue: $100M - $500M as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $64M
- Employee Count: 3,857 as on Jun 30, 2026
- Investors: UNC Kenan-Flagler Private Equity, Summit Partners and 25 Others
- Latest Funding Round: Series C, Oct 29, 2019, $*****
- Highlight: Acquired
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3. A123 Systems
Manufacturer of automotive lithium-ion batteries. Its products include lithium-ion batteries for motorsports & commercial vehicles. It also provides services to industrial sectors.
Key facts about A123 Systems
- Founded Year: 2001
- Location: Hangzhou (China)
- Stage: Public
- Total Funding till date: $201M
- Employee Count: 580 as on Jun 30, 2026
- Investors: DTE Energy Ventures, Motorola Solutions and 19 Others
- Latest Funding Round: Post IPO, May 24, 2012, $*****
- Highlight: Public
4. Cart.com
Provider of unified commerce and logistics solutions for business growth. The company offers services including fulfillment, order management, warehouse management, and transportation management. It also provides growth marketing, marketplace services, and customer engagement solutions. The company delivers end-to-end management for businesses to focus on brand growth.
Key facts about Cart.com
- Founded Year: 2020
- Location: Houston (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $735M
- Employee Count: 876 as on Jun 30, 2026
- Investors: B. Riley Financial, Alpha Square Group and 47 Others
- Latest Funding Round: Series D, Mar 05, 2026, $*****
- Highlight: Editors' Pick
5. SimSpace
Cyber risk management platform to validate an organizations cybersecurity process and technology. The company was founded in 2015 by experts from the US Cyber Command and MITs Lincoln Laboratory, SimSpace combines the highest fidelity cyber ranges and attack content with user and adversary emulation techniques. It also provides individual training exercises, attack simulations, mission rehearsals, and product evaluations that leverage its cyber range, SimSpace delivers quantitative and actionable insights into how an organization can protect critical assets against lethal cyber threats.
Key facts about SimSpace
- Founded Year: 2015
- Location: Boston (United States)
- Stage: Series A
- Total Funding till date: $109M
- Employee Count: 197 as on Jun 30, 2026
- Investors: Wells Fargo Startup Accelerator, Arsenal Growth Equity and 4 Others
- Latest Funding Round: Series A, Oct 28, 2025, $*****
Arsenal Growth Equity's Year-on-Year Investment Trends
Arsenal Growth Equity has invested in 52 companies over the last 21 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 1 investment, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in TaDaweb and most recent follow-on round was in Cart.com.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 1 | 0 | 1 |
2024 | 0 | 1 | 1 |
2023 | 0 | 0 | 0 |
2022 | 2 | 0 | 2 |
2021 | 3 | 2 | 5 |
2020 | 2 | 3 | 5 |
2019 | 2 | 0 | 2 |
2018 | 0 | 1 | 1 |
2017 | 1 | 1 | 2 |
Arsenal Growth Equity's Investments by Stage
Arsenal Growth Equity has made 14 investments in Series A stage with an average round size of $8.95M, 11 investments in Series B stage with an average round size of $17.2M, 1 investment in Seed stage with an average round size of $1.3M and 1 investment in Series D stage with an average round size of $13.4M.Stage of entry | No. of Investments |
|---|---|
Series A | 14 |
Series B | 11 |
Seed | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Arsenal Growth Equity's Investments by Sector
Arsenal Growth Equity has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Consumer, Enterprise Infrastructure and High Tech. Notably, it has invested in 44 Tech companies, 43 Enterprise (B2B) companies, 31 Software companies and at least 20 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 18 |
Vertical SaaS | 8 |
Consumer | 5 |
Enterprise Infrastructure | 4 |
High Tech | 4 |
Others | 31 |
Note: We have considered here, only first round of investments
Arsenal Growth Equity's Investments by Geography
Arsenal Growth Equity has made most investments in United States (25), followed by Luxembourg where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 25 |
Luxembourg | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Arsenal Growth Equity's recent investments
Arsenal Growth Equity has made 1 investments in 2026 so far - Cart.com.Here are the most recent investments by Arsenal Growth Equity:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 05, 2026 | United States | Series D | 9850 | ||
Jun 19, 2025 | Luxembourg | Series B | 5149 | [+1] | |
Nov 21, 2024 | United States | Series C | 8107 | [+8] | |
Nov 30, 2022 | United States | Series B | 4182 | [+8] | |
Sep 15, 2022 | United Kingdom | Series A | 3084 | [+4] |
Unicorns in Arsenal Growth Equity's Portfolio
Arsenal Growth Equity has 1 unicorn in its portfolio - Cart.com. The most recent unicorn in their portfolio is Cart.com which became a unicorn in 2023, 2 years after Arsenal Growth Equity first invested in it.Here is a list of unicorns in Arsenal Growth Equity's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Provider of unified commerce and logistics solutions for business growth | 2020 | Houston | Series D | miekfsh |
IPOs and Publicly Listed companies in Arsenal Growth Equity's Portfolio
1 of Arsenal Growth Equity's portfolio company became public - A123 Systems. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2009.Here are Arsenal Growth Equity's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 24, 2009 | - | - | 4146 |
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Acquired companies in Arsenal Growth Equity's Portfolio
26 companies from Arsenal Growth Equity's portfolio have been acquired. The most recent acquisition was Accent Technologies in May 2026 by Volaris Group for $*****.Here are Arsenal Growth Equity's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 07, 2026 | Feb 20, 2019 | Series A | 6407 | |
Mar 13, 2026 | Mar 26, 2021 | Series B | 4429 | |
Oct 31, 2024 | Mar 05, 2020 | Series B | 8098 | |
Jun 21, 2024 | - | - | 9437 | |
Jun 05, 2024 | - | - | 7182 |
Team profile of Arsenal Growth Equity
Arsenal Growth Equity has a team of 6 members including 3 Partners and 1 Principal located in United States. Arsenal Growth Equity's team does not sit on the board of any company as of now.Here is a list of all team members in Arsenal Growth Equity:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Winter Park | - | ||
Partner | Winter Park | - | - | |
Partner | Winter Park | - | ||
Principal | San Jose | - | - |
Co-investors of Arsenal Growth Equity
Over the past 21 years, 200 investors have co-invested in Arsenal Growth Equity's portfolio companies. This includes funds and angels.
- Invested before Arsenal Growth Equity: 500 Global, The J and 53 others have invested in rounds before Arsenal Growth Equity. There are 2 companies where 500 Global has invested before Arsenal Growth Equity and 1 company where The J has invested before Arsenal Growth Equity.
- Top Co-investors of Arsenal Growth Equity: 72 investors entered a company along with Arsenal Growth Equity. These include investors like Allos Ventures (2 companies).
- Invested after Arsenal Growth Equity: A total of 73 investors have invested in Arsenal Growth Equity's portfolio after their investments. Top Investors include Trinity Capital (3 companies), Insight Partners (2 companies) and Legacy Knight (1 company).
Recent News related to Arsenal Growth Equity
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Cart.com Announces $180 Million Strategic Investment Led by Springcoast PartnersBusiness Wire•Mar 04, 2026•PayPal Ventures, Springcoast Capital Partners, Cart.com, Oak HC/FT and 2 others
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OneRail Raises $42M in Series C FundingFinSMEs•Dec 04, 2024•OneRail, Aliment Capital, eGateway, Florida Opportunity Fund and 8 others
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OneRail raises $42 million backing for fulfillment orchestration techDC Velocity•Nov 22, 2024•OneRail, Aliment Capital, eGateway, Florida Opportunity Fund and 8 others
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OneRail Raises $33 Million in Series B Funding to Transform B2B Supply ChainsBusiness Wire•Nov 30, 2022•OneRail, Piva Capital, Arsenal Growth Equity, ATD-Capitol and 8 others
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Virtual Internships raised $14.3 million in Series A roundVietnam Investment Review•Sep 23, 2022•Virtual Internships, Salica Investments, Sequoia Capital, Surge and 4 others
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Vietnam-based edtech startup Virtual Internships raises $14m and other SE Asia dealsShareandstocks•Sep 16, 2022•Virtual Internships, STIC Investments, Salica Investments, Sequoia Capital and 4 others
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Sequoia India’s Surge backs $14.3m series A round of Vietnamese edtech firmTech in Asia•Sep 15, 2022•Virtual Internships, Salica Investments, Surge, STIC Investments and 6 others
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Sayari Labs Raises $40M to Boost Trade TransparencyPYMNTS.com•Sep 14, 2021•Sayari, Centana Growth Partners, Arsenal Growth Equity, MissionOG and 3 others
