About Split Rock Partners
Split Rock Partners is a venture capital firm founded in 2004. It is primarily based out of Eden Prairie, United States. As of Mar 2022, Split Rock Partners has invested in 70 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 Life Sciences and FinTech. Most recently it participated in the $***** Series E round of Gravie Overall, Split Rock Partners portfolio has seen 6 IPOs and 46 acquisitions including key companies like Acquia, Calix and QuinStreet. A lot of funds co-invest with Split Rock Partners, with names like Morgenthaler sharing a substantial percentage of its portfolio. Split Rock Partners has team of 3 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 8 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Split Rock Partners' List of Top Investments
Split Rock Partners has a portfolio of 70 companies. Their most notable investments are in DFine and DFine.Their portfolio spans across United States, Portugal and United Kingdom. They have invested in Enterprise Applications, Life Sciences, FinTech and 16 other sectors, across stages such as Series A, Series B and 8 more. Here is the list of top investments by Split Rock Partners:1. Acquia
Provider of a digital experience platform for content, community, and commerce. It offers tools for building and maintaining websites and content. The platform optimizes content for visibility and relevance. It also activates data-driven decisions for customer engagement and personalization across channels.
Key facts about Acquia
- Founded Year: 2007
- Location: Boston (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $174M
- Employee Count: 1,093 as on Jan 11, 2026
- Investors: Centerview Capital, Amazon and 17 Others
- Latest Funding Round: Series G, Sep 22, 2015, $*****
- Highlight: Acquired
2. Calix
Provider of communication equipment. Its product portfolio includes fiber access, copper access, broadband access, IPTV, VOIP, GPON, and active ethernet. It provides software solutions that include cloud-based software applications for visibility and control to command the broadband experience for subscribers.
Key facts about Calix
- Founded Year: 1999
- Location: Petaluma (United States)
- Annual Revenue: $832M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $108M
- Employee Count: 2,483 as on Mar 31, 2026
- Investors: Meritech, Integral Capital Partners and 16 Others
- Latest Funding Round: Conventional Debt, Aug 31, 2009, $*****
- Highlight: Public
3. QuinStreet
Online lending product comparison platform. It offers a platform that enables users to compare personal loans, credit cards, and various savings and investment vehicles including CDs, money market accounts, and more. It also offers solutions for comparing insurance and home services.
Key facts about QuinStreet
- Founded Year: 1999
- Location: Foster City (United States)
- Annual Revenue: $614M as on Jun 30, 2024
- Stage: Public
- Total Funding till date: $4K
- Employee Count: 1,022 as on Jan 02, 2026
- Investors: Saints Capital, L Catterton and 7 Others
- Latest Funding Round: Unattributed, 2000, $*****
- Highlight: Public
4. Demandbase
AI enabled account based marketing platform for businesses. Platform's enable businesses to identify and segments the companies visiting a website, attract target accounts with personalised messages, offers call to actions to engage site visitors, turning into conversations, closing deals, measuring to engage prospects and summarise marketing accounts stats.
Key facts about Demandbase
- Founded Year: 2006
- Location: San Francisco (United States)
- Stage: Series H
- Total Funding till date: $320M
- Employee Count: 989 as on Mar 31, 2026
- Investors: Sprout Capital Partners, Storm Ventures and 20 Others
- Latest Funding Round: Series H, Feb 16, 2023, $*****
- Highlight: Editors' Pick
5. SPS Commerce
Provider of cloud-based platform for retail supply chain management solutions. The company offers electronic data interchange, product information management, and supply chain performance monitoring. It also provides solutions for revenue recovery, order management, and analytics. The platform aims to streamline operations and improve information exchange between businesses and their partners.
Key facts about SPS Commerce
- Founded Year: 1998
- Location: Minneapolis (United States)
- Annual Revenue: $638M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $50.5M
- Employee Count: 3,348 as on Mar 31, 2026
- Investors: Adams Street Partners, Seyen Capital and 6 Others
- Latest Funding Round: Series B, Jun 03, 2007, $*****
- Highlight: Public
Split Rock Partners' Year-on-Year Investment Trends
Split Rock Partners has invested in 71 companies over the last 21 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in TruSignal and most recent follow-on round was in Gravie.Split Rock Partners' Investments by Stage
Split Rock Partners has made 14 investments in Series A stage with an average round size of $13M, 13 investments in Series B stage with an average round size of $12.6M and 10 investments in Series C stage with an average round size of $25.8M.Stage of entry | No. of Investments |
|---|---|
Series A | 14 |
Series B | 13 |
Series C | 10 |
Series D | 6 |
Series E | 3 |
Others | 6 |
Note: We have considered here, only first round of investments
Split Rock Partners' Investments by Sector
Split Rock Partners has a diverse portfolio, with companies operating in the Enterprise Applications, Life Sciences, Enterprise Infrastructure, Consumer and FinTech. Notably, it has invested in 58 Tech companies, 56 Enterprise (B2B) companies, 39 Software companies and at least 25 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 26 |
Life Sciences | 19 |
Enterprise Infrastructure | 6 |
Consumer | 5 |
FinTech | 5 |
Others | 23 |
Note: We have considered here, only first round of investments
Split Rock Partners' Investments by Geography
Split Rock Partners has made most investments in United States (52).Split Rock Partners' recent investments
Split Rock Partners has not made any investment in 2026 so far.Here are the most recent investments by Split Rock Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 07, 2022 | United States | Series E | 4617 | [+3] | |
Mar 08, 2021 | United States | Series D | 1252 | [+2] | |
Oct 04, 2019 | United States | Series F | 8841 | [+3] | |
Feb 11, 2019 | United States | Series E | 1886 | [+8] | |
Nov 14, 2017 | United States | Series F | 2734 | [+3] |
IPOs and Publicly Listed companies in Split Rock Partners' Portfolio
6 of Split Rock Partners' portfolio companies have become public. EBR Systems got listed on the Australian Securities Exchange (ASX), in Nov 2021 at marketcap of $18.1M and BigCommerce got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $1.46B.Here are Split Rock Partners' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 24, 2021 | Jun 12, 2008 | Series C | 9094 | |
Aug 05, 2020 | Jun 07, 2017 | Series E | 9975 | |
Dec 02, 2014 | Jul 24, 2012 | Series C | 7319 | |
Apr 22, 2010 | - | - | 2544 | |
Mar 24, 2010 | - | - | 3951 |
Acquired companies in Split Rock Partners' Portfolio
46 companies from Split Rock Partners' portfolio have been acquired. The most recent acquisition were Caring.com in Jan 2026 by SilverAssist.Here are Split Rock Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 12, 2026 | Sep 21, 2007 | Series A | 4004 | |
Nov 15, 2024 | - | - | 9044 | |
Oct 01, 2024 | Oct 06, 2011 | Series D | 8119 | |
Jul 24, 2024 | Jan 06, 2012 | Series A | 2901 | |
Feb 16, 2024 | - | - | 8962 |
Team profile of Split Rock Partners
Split Rock Partners has a team of 3 members including 3 Partners located in United States. Split Rock Partners' team sits on the board of 1 company.Here is a list of all team members in Split Rock Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Eden Prairie | |||
Partner | Minneapolis | - | - | |
Partner | Beverly Hills | - | - |
Co-investors of Split Rock Partners
Over the past 21 years, 224 investors have co-invested in Split Rock Partners's portfolio companies. This includes funds and angels.
- Invested before Split Rock Partners: Sigma Partners, Sutter Hill Ventures and 94 others have invested in rounds before Split Rock Partners. There are 5 companies where Sigma Partners has invested before Split Rock Partners and 4 companies where Sutter Hill Ventures has invested before Split Rock Partners.
- Top Co-investors of Split Rock Partners: 57 investors entered a company along with Split Rock Partners. These include investors like Morgenthaler (7 companies).
- Invested after Split Rock Partners: A total of 71 investors have invested in Split Rock Partners's portfolio after their investments. Top Investors include SVB (3 companies), Oxford Finance (3 companies) and Ascension Ventures (2 companies).
Recent News related to Split Rock Partners
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Gravie attracts $75m in Georgian-led Series E fundingVCJ•Mar 09, 2022•Gravie, FirstMark, AXA Venture Partners, Split Rock Partners and 1 other
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Gravie Raises $28M in Series D FinancingFinSMEs•Mar 18, 2021•Gravie, AXA Venture Partners, FirstMark, Split Rock Partners and 1 other
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EBR Systems nets $30 mlnPE Hub•Aug 27, 2019•EBR Systems, Ascension Ventures, Emergent Medical Partners, Brandon Capital Partners and 2 others
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Reputation.Com Raises $30 Mn in Equity FinancingMarTech Advisor•Aug 20, 2019•Reputation, Ascension Ventures, Akkadian Ventures, Industry Ventures and 12 others
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RTI Surgical Announces Acquisition of Zyga Technology, Inc.Business Wire•Jan 04, 2018•RTI Surgical, Zyga, Versant Ventures, Split Rock Partners
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EBR Systems, Inc. Raises $50 Million to Complete Global Heart Failure TrialBusiness Wire•Nov 14, 2017•EBR Systems, M.H. Carnegie & Co, Brandon Capital Partners, Split Rock Partners and 2 others
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TruSignal raises $5 million Series A funding from Redpoint Ventures, Split Rock Partners and Tenaya CapitalTech Observer Magazine•Oct 12, 2017•TruSignal, Redpoint Ventures, Split Rock Partners, Tenaya Capital
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Gravie Closes $14M Funding RoundTcbmag•Jul 19, 2017•Gravie, GE Ventures, FirstMark, Aberdare Ventures and 1 other
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BigCommerce Raises $5 MillionNewsCenter•Jun 09, 2017•BigCommerce, Notable Capital, General Catalyst, Revolution and 5 others
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Demandbase raises $65M to help business-to-business firms drive more salesSiliconAngle•May 25, 2017•Demandbase, Sageview Capital, Silver Lake, Altos Ventures Management and 5 others
