About Egan-Managed Capital
Egan-Managed Capital is a venture capital firm founded in 1997. It is primarily based out of Boston, United States. As of May 2014, Egan-Managed Capital has invested in 47 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 Enterprise Infrastructure and High Tech. Most recently it participated in the $***** Series F round of ownerIQ Overall, Egan-Managed Capital portfolio has seen 3 IPOs and 25 acquisitions including key companies like Applause, Acacia and NetScout. A lot of funds co-invest with Egan-Managed Capital, with names like Longworth Venture Partners sharing a substantial percentage of its portfolio. Egan-Managed Capital has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 6 more
Portfolio IPOs
Egan-Managed Capital's List of Top Investments
Egan-Managed Capital has a portfolio of 47 companies. Their most notable investments are in Conjoin and WordStream.Their portfolio spans across United States, Australia, Canada and 2 more locations. They have invested in Enterprise Applications, Enterprise Infrastructure, High Tech and 12 other sectors, across stages such as Series B, Series A and 6 more. Here is the list of top investments by Egan-Managed Capital:1. Applause
Platform offering crowdsourced testing solution. It offers crowd-driven automated testing, user experience testing, AI testing, security testing, etc. The platform integrates with development tools systems and environments that include APIs, bug tracking, bug fix verification system, etc. It offers codeless automation, test case management, etc.
Key facts about Applause
- Founded Year: 1966
- Location: Framingham (United States)
- Stage: Acquired
- Total Funding till date: $116M
- Employee Count: 1,314 as on Jul 01, 2024
- Investors: Harmonic, QuestMark Partners and 17 Others
- Latest Funding Round: Series F, Dec 21, 2016, $*****
- Highlight: Acquired
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2. Acacia
Acacia Communications is a provider of high-speed coherent optical interconnect products. Its products include a series of low-power coherent digital signal processors and silicon photonic integrated circuits integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets.
Key facts about Acacia
- Founded Year: 2009
- Location: Maynard (United States)
- Annual Revenue: $583M as on Dec 31, 2020
- Stage: Acquired
- Total Funding till date: $20M
- Employee Count: 279 as on Jul 01, 2024
- Investors: Summit Partners, Egan-Managed Capital and 2 Others
- Latest Funding Round: Series A, May 15, 2013, $*****
- Highlight: Acquired
3. NetScout
Provider of network performance, observability, cybersecurity, and DDoS solutions. The company offers solutions for enterprises and communication service providers. These solutions include network performance management, application performance management, and remote site observability. It also provides cybersecurity solutions such as network detection and response, and DDoS protection. The company delivers AIOps solutions for enterprises and communication service providers.
Key facts about NetScout
- Founded Year: 1985
- Location: Westford (United States)
- Annual Revenue: $823M as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $6M
- Employee Count: 2,355 as on Mar 31, 2023
- Investors: Silver Lake, TA and 4 Others
- Latest Funding Round: Conventional Debt, Feb 14, 2018, $*****
- Highlight: Public
4. Corero
Provider of DDoS protection for enterprise. It also provides protection for MSSP, hosting providers, and data centers. It provides defense solutions through automatic attack detection and mitigation. The features include network visibility, analytics, and reporting. The products include corero smartWall, a DDoS threat defense system, and network Forensics MSSP.
Key facts about Corero
- Founded Year: 1997
- Location: Hudson (United States)
- Stage: Public
- Total Funding till date: $14.5M
- Employee Count: 95 as on Jul 01, 2024
- Investors: Herald Investment Management, Investcorp and 8 Others
- Latest Funding Round: Post IPO, Dec 07, 2019, $*****
- Highlight: Public
5. WordStream
WordStream provides search marketing software and PPC services that help marketers create, optimize, manage, and measure PPC and social advertising campaigns. Provides tools for keyword research and organization, AdWords management, and Quality Score optimization in addition to Landing Page management, Call Tracking, cross-platform publishing and reporting. Also offers tools to manage social ads in addition to managed services. Guardair Corporation, New Fire Media, and Echo Creative Marketing are part of its clientele.
Key facts about WordStream
- Founded Year: 2007
- Location: Boston (United States)
- Stage: Acquired
- Total Funding till date: $25.6M
- Employee Count: 220 as on Dec 31, 2022
- Investors: City National Bank, Egan-Managed Capital and 3 Others
- Latest Funding Round: Series C, Apr 24, 2015, $*****
- Highlight: Acquired
Egan-Managed Capital's Investments by Stage
Egan-Managed Capital has made 13 investments in Series B stage with an average round size of $8.58M, 10 investments in Series A stage with an average round size of $6.84M and 2 investments in Series C stage with an average round size of $15M.Stage of entry | No. of Investments |
|---|---|
Series B | 13 |
Series A | 10 |
Series C | 2 |
Unattributed | 2 |
Seed | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Egan-Managed Capital's Investments by Sector
Egan-Managed Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Business Services, Consumer and FinTech. Notably, it has invested in 28 Enterprise (B2B) companies, 25 Tech companies, 18 Software companies and at least 7 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 14 |
Enterprise Infrastructure | 6 |
Business Services | 3 |
Consumer | 2 |
FinTech | 2 |
Others | 13 |
Note: We have considered here, only first round of investments
Egan-Managed Capital's Investments by Geography
Egan-Managed Capital has made most investments in United States (28), followed by Israel where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 28 |
Israel | 1 |
Japan | 1 |
Niger | 1 |
Note: We have considered here, only first round of investments
Egan-Managed Capital's recent investments
Egan-Managed Capital has not made any investment in 2026 so far.Here are the most recent investments by Egan-Managed Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 06, 2014 | United States | Series F | 5417 | ||
Jan 16, 2014 | United States | Series E | 1366 | [+5] | |
Sep 30, 2013 | United States | Series C | 3658 | [+2] | |
May 15, 2013 | United States | Series A | 3704 | [+2] | |
Apr 22, 2013 | United States | Series A | 1548 |
IPOs and Publicly Listed companies in Egan-Managed Capital's Portfolio
3 of Egan-Managed Capital's portfolio companies have become public. Corero got listed on the London Stock Exchange (LSE), in Oct 2000 and Network Engines got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $560M.Here are Egan-Managed Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 09, 2000 | Sep 08, 2003 | Series B | 1379 | |
Jul 13, 2000 | - | - | 3771 | |
Aug 12, 1999 | - | - | 2021 |
Acquired companies in Egan-Managed Capital's Portfolio
25 companies from Egan-Managed Capital's portfolio have been acquired. The most recent acquisition was SOFTRAX in Feb 2025 by TELEO Capital for $*****.Here are Egan-Managed Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 28, 2025 | Jun 27, 2000 | Series B | 9487 | |
Jan 26, 2023 | Oct 05, 2011 | Seed | 6803 | |
Dec 07, 2021 | Feb 25, 2009 | Series C | 4399 | |
Nov 30, 2020 | - | - | 9883 | |
Nov 17, 2020 | Dec 02, 2008 | Series B | 4282 |
Team profile of Egan-Managed Capital
Egan-Managed Capital has a team of 1 member located in United States. Egan-Managed Capital's team does not sit on the board of any company as of now.Co-investors of Egan-Managed Capital
Over the past 27 years, 112 investors have co-invested in Egan-Managed Capital's portfolio companies. This includes funds and angels.
- Invested before Egan-Managed Capital: MassVentures, Atlas Venture and 23 others have invested in rounds before Egan-Managed Capital. There are 2 companies where MassVentures has invested before Egan-Managed Capital and 2 companies where Atlas Venture has invested before Egan-Managed Capital.
- Top Co-investors of Egan-Managed Capital: 59 investors entered a company along with Egan-Managed Capital. These include investors like Longworth Venture Partners (3 companies).
- Invested after Egan-Managed Capital: A total of 28 investors have invested in Egan-Managed Capital's portfolio after their investments. Top Investors include QuestMark Partners (1 company), Scale Venture Partners (1 company) and Goldman Sachs (1 company).
Recent News related to Egan-Managed Capital
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Press Release: uTest Closes $43 Million Series E Round Led By Goldman SachsApplause•Jan 14, 2014•Applause, QuestMark Partners, Scale Venture Partners, Longworth Venture Partners and 4 others
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Acacia Raises $20M From Summit, Matrix, Commonwealth, Egan - PE HubPE Hub•May 15, 2013•Acacia, Summit Partners, Matrix Partners, Egan-Managed Capital and 1 other
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Acacia Communications Closes $20 Million in New Financing - MarketWatchMarketWatch•May 05, 2013•Acacia, Summit Partners, Matrix Partners, Egan-Managed Capital and 1 other
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Healthrageous notches series B fund from PartnersMassDevice•Nov 27, 2012•Healthrageous, North Bridge Venture Partners, Egan-Managed Capital, LRVHealth
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Healthrageous Chomps on $6.5M Series B for Wireless Health-Data AnalysisThe Wall Street Journal•Oct 15, 2012•Healthrageous, North Bridge Venture Partners, Egan-Managed Capital, LRVHealth
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WordStream Secures Additional $6M in 3rd Round FundingWordStream•Jul 26, 2012•WordStream, Sigma Partners, Egan-Managed Capital
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uTest grabs $17M from QuestMark, others to expand its crowdsourced testing biz | VentureBeatVentureBeat•Dec 05, 2011•Applause, QuestMark Partners, Scale Venture Partners, Longworth Venture Partners and 1 other
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Currensee raises $4M more for social network of tradersVentureBeat•Apr 14, 2011•Currensee, North Bridge Venture Partners, Egan-Managed Capital, Vernon & Park Capital
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Crowdsourcing Receives a Giant Boost as uTest Gets $13M Investment - SiliconANGLESiliconAngle•Sep 14, 2010•Applause, Scale Venture Partners, Longworth Venture Partners, Egan-Managed Capital and 1 other
