Founded in 1994 with offices in Boston and San Francisco, Spectrum Equity is a leading growth equity firm that provides capital and strategic support to innovative companies in the information economy. The firm has invested in over 170 companies and is currently investing its tenth fund and overage program with $2.3 billion in capital. Spectrum partners with exceptional entrepreneurs to build great companies. Spectrum seeks to invest in companies which have defensible and sustainable business models with strong recurring revenue, significant operating leverage, and structural competitive advantages. The firm has a flexible approach to ownership and typically invests $25 – $150 million per investment, often representing the company’s first institutional investor. Spectrum plays a prominent role in helping its portfolio companies scale their business through senior management and Board recruitment, M&A, and sales & marketing optimization. Content contained in this profile and posted updates is not intended to and does not constitute legal advice or investment advice. Your use of this information in the posted update and materials linked is at your own risk. Spectrum Equity does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, Spectrum Equity disclaims any and all liability in the event any information, commentary, analysis, and/or opinions prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. The specific companies identified in posts do not represent all of Spectrum’s investments, and no assumptions should be made that any investments identified were or will be profitable. View the complete list of portfolio companies at spectrumequity.com.

Horsley Bridge is one of the largest institutional investors in early-stage, technology-focused venture capital, and serves as a key partner to a number of Silicon Valley's top venture funds. • Led, executed and managed more than $500M in U.S. venture capital fund investments; coordinated entry into the Asia Pacific venture markets allocating more than $160M • Financial analysis / diligence that optimized timing of stock sales for the public market portfolio • Developed and managed quarterly reporting of venture fund performance to key clients / LPs

Versant Ventures is a leading healthcare investment firm committed to helping exceptional entrepreneurs build the next generation of great companies. The firm’s emphasis is on biotechnology companies that are discovering and developing novel therapeutics. With $2.4 billion under management and offices in the U.S., Canada and Europe, Versant has built a team with deep investment, operating and clinical expertise that enables a hands-on approach to company building. Since the firm’s founding in 1999, more than 70 Versant companies have achieved successful acquisitions or IPOs. For more information, please visit www.versantventures.com.

Baker Street Advisors is a San Francisco based, SEC Registered Investment Adviser (RIA) with over $10 billion under advisement. We serve as fiduciaries, providing customized wealth management and comprehensive investment advisory solutions to private clients, families and foundations. Our client investment portfolios reflect the principles of simplicity, cost-effectiveness and tax-efficiency. Please visit our website (www.bakerstreetadvisors.com) for more information.

Since its founding in 1969, McMorgan & Company has helped secure the financial future of our clients, while proudly supporting the causes and initiatives they value most. 200+ client relationships $10.4 billion in assets* 15+ year average client tenure 50+ years of proactively supporting client mission statements, causes, and objectives *Data as of December 31, 2023. Numbers may not sum due to rounding. The $10.4 billion includes approximately $6.9 billion of regulatory assets under management and an additional approximately $3.5 billion of assets for which McMorgan acts solely as client service agent.

Founded in 1991, Calera Capital, formerly known as Fremont Partners, is a private investment partnership which has $2.8 billion of capital under management. With offices in San Francisco and Boston, Calera invests across a diverse range of industries, including financial services, business services, food and consumer, healthcare, building products, and industrial manufacturing. Calera Capital makes substantial equity investments in operating companies, typically with enterprise values up to $1 billion, and seeks to build long-term sustainable value by working with management teams to implement strategic and operating initiatives.

ValueAct Capital invests for the long term, in high quality companies, offering data driven insights to managers and directors whom they view as partners. Founded in 2000, VAC invests on behalf of some of the world’s largest institutional investors. They have made over 100 core investments, served on over 40 public company boards, and their goal is to leave a company in a better position than when they first invested in it. They regularly hold positions for 3-5 years and occasionally for 10 years or more. They believe that investing and managing companies for the long term requires integrity, a deep understanding of industry structure and business strategy, and a consideration of relevant social, ethical and environmental issues.

FFL was formed in 1997 to invest in middle-market companies where the firm’s substantial strategic and operating expertise can help management accelerate growth and build better businesses. Our capital comes largely from U.S. and international institutions: public and private pension funds, endowments, foundations, and financial institutions. FFL has invested prudently for over 20 years, partnering with strong management teams and other investors to establish a leading track record in middle-market private equity investing. The firm generally commits $50-200 million to individual transactions and has the ability to make larger commitments in selected circumstances.

Housatonic Partners is a private equity firm investing in high growth, recurring revenue service companies operating in a number of industries including: healthcare, software, tech-enabled business services, education, financial services, media and communications. Since our founding in 1994, we have invested in over 100 companies and are currently managing over $1.5 billion of committed capital. Housatonic Partners seeks equity investments of $10-$50 million and takes a long term approach in partnering with outstanding management teams to help build their companies into industry leaders.

Tao Invest, the direct investment entity affiliated with Tao Capital Partners, invests in technology, alternative energy, healthcare, and real estate businesses that a have sustainable positive impact. Tao is an active investor with the ability to support companies through various stages of their life-cycle.

Dragoneer is a growth-oriented public and private investor based in San Francisco

Woodline Partners is a San Francisco based investment firm that implements a fundamental sub-sector equity strategy. We represent a tenured team with specialized experience covering North American, European and Asian markets. Our Portfolio Managers have a shared set of values, a rigorous, bottom-up process, and an established network of corporate executive and industry relationships. Woodline aims to hedge out unpredictable factors and find clarity in company-specific details to assess the long-term competitiveness of companies under coverage.