Centana Growth Partners, a Palo Alto, San Francisco, CA- and NYC-based specialized growth equity firm investing in the future of finance, closed its third fund, Centana Growth Partners III, L.P. at $600m.
Like Centana’s prior funds, Fund III focuses on companies with a strong track record of growth, experienced management teams, and meaningful customer traction with $7 to $75 million in recurring revenue. Investments will continue to target businesses in core verticals such as asset management, insurance, banking, digital identity, wealth management, payments, capital markets, and enterprise technologies that support these sectors.
Centana typically makes targeted investments of $10 million to $50 million or more, and portfolio companies should benefit from access to Centana’s Strategic Network, and partners’ experience working with companies in this ecosystem.
Centana Growth Partners has made investments in 27 companies. In 2024 so far, Centana led investments in five companies, including:
- Adroit Trading Technologies, which secured $15 million for its end-to-end execution management system designed for fixed income and OTC traders;
- Cayosoft, which raised $22.5 million to support its unified solution for secure management and recovery of Microsoft Active Directory platforms;
- Gradient AI, which received $56 million to enhance its AI-driven predictive analytics platform for the insurance industry;
- WarrCloud, which raised $20 million to expand its automated warranty processing solution; and
- First Connect, which secured $60 million to grow its digital insurance aggregator linking independent agents with carriers and MGAs worldwide.
