Lock 8 Partners Raises $182 Million for Oversubscribed Fund III to Accelerate Growth in B2B SaaS and Tech-Enabled Services
Lock 8 Partners, LLC (“Lock 8”) has announced the final closing of its highly anticipated Fund III, raising an impressive $182 million in investor commitments. This oversubscribed fundraising round underscores Lock 8’s reputation as a trusted leader in the lower middle-market technology buyout space. The firm will leverage these funds to continue executing its proven strategy of making majority investments in B2B SaaS and tech-enabled services businesses, where operational expertise can unlock significant growth potential.
A Focus on Transformative Investments in B2B SaaS
Lock 8 Partners specializes in identifying promising companies with solid products and stable foundations but untapped commercial potential. With Fund III, the firm will reinforce its commitment to scaling B2B SaaS companies by implementing its replicable operating model. This approach emphasizes aligning people, processes, and market opportunities to optimize long-term value creation.
“At Lock 8, we strive to identify and unlock the true potential of companies,” said Todd Gibby, Managing Partner at Lock 8. “We are committed to partnering with operators to transform businesses, leverage hidden organizational strengths, and drive operational excellence. We foster an environment where these businesses can thrive, ensuring sustainable growth and consistent value creation.”
The firm’s hands-on operational expertise and comprehensive support have earned it a reputation for transforming businesses and delivering exceptional returns. This reputation is evident in the strong backing from existing investors and the addition of several notable new investors in Fund III.
Building on a Proven Track Record
Lock 8’s success in previous funds has laid a solid foundation for Fund III. The firm’s portfolio includes innovative SaaS companies across multiple sectors, such as Projector PSA, Real Life Sciences, and Relay. These investments highlight Lock 8’s ability to identify high-potential businesses and scale them effectively through strategic guidance and operational improvements.
“We’re grateful for the continued support of our investors and proud of the outcomes we’ve achieved in Fund II and our other predecessor funds,” said Tim Blomfield, Partner at Lock 8. “This fundraise positions us to continue investing in our team and driving growth for lower middle-market technology firms.”
Lock 8’s commitment extends beyond financial investment. The firm takes an active role in shaping the strategic direction of its portfolio companies, providing tailored support to address challenges and capitalize on opportunities. This hands-on approach has resulted in successful exits that deliver capital-efficient growth and position businesses for long-term success.
Why Investors Continue to Trust Lock 8
Investors’ overwhelming support for Fund III reflects confidence in Lock 8’s ability to deliver transformative results. The firm’s deep sector expertise and focus on operational excellence set it apart in the competitive private equity landscape. By targeting lower middle-market technology companies, Lock 8 fills a critical gap in the market, offering resources and guidance that help businesses scale effectively.
Lock 8’s strategy resonates with investors seeking exposure to the rapidly growing B2B SaaS and tech-enabled services sectors. As digital transformation continues to reshape industries, demand for innovative software solutions is skyrocketing. Lock 8 is uniquely positioned to capitalize on this trend by investing in companies poised for breakout growth.
Legal Counsel and Strategic Guidance
Goodwin Procter served as counsel to Lock 8 in the organization and offering of interests in Fund III, ensuring a seamless fundraising process. Their expertise in private equity and fund formation played a crucial role in securing the necessary regulatory approvals and structuring the fund to meet investor expectations.
Driving Growth in Lower Middle-Market Technology Firms
The $182 million raised in Fund III positions Lock 8 to expand its portfolio and deepen its impact on lower middle-market technology firms. These businesses often face unique challenges, including limited access to capital and operational inefficiencies. Lock 8 addresses these pain points by providing not only financial resources but also strategic guidance to help companies scale efficiently.
By focusing on alignment and operational excellence, Lock 8 ensures that its portfolio companies are well-positioned to capture market opportunities and achieve sustainable growth. This approach has consistently delivered value to investors and portfolio companies alike.
About Lock 8 Partners:
Lock 8 is a New York-based private equity firm focused on B2B SaaS and tech enabled services companies. The firm identifies opportunities where others see challenges, providing the capital and operational expertise needed to transform businesses. Lock 8 is built on a foundation of focus, discipline and transparency, fostering straightforward partnerships between PE sponsor and company that create lasting value for all stakeholders. For more information on Lock 8’s investment criteria and portfolio, visit www.lock8partners.com.
