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424 Capital provides growth equity to lower middle market companies, primarily focusing on B2B Tech-Enabled Services within the healthcare and technology sectors. The firm distinguishes itself through a hands-on partnership approach, working closely with portfolio company management teams to drive strategic growth and operational improvements. They aim to elevate and guide promising businesses, acting as a supportive resource beyond mere capital injection.
The firm originated as Brook Venture Partners, co-founded in 1998 by Fred Morris, with an initial focus on expansion-stage companies. This foundation was built on an insight into the need for more engaged investment in emerging businesses, fostering their development through active collaboration. The entity later rebranded to 424 Capital, signifying an evolution in its investment strategy and market presence.
424 Capital serves founders and management teams of established, yet growing, companies seeking not just investment but also strategic guidance to scale their operations. Their long-term vision centers on transforming promising enterprises into market leaders by providing the necessary resources and expertise for sustained success. The firm is committed to navigating complex market landscapes alongside its portfolio companies, ensuring alignment with their growth trajectories.
Brook Venture Partners has 2 tracked investments across 1 company. The latest tracked deal is $40.0M Series C in SilverRail Technologies in April 2014.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2014 | SilverRail Technologies | $40.0M Series C | Mithril Capital Management | 75 & Sunny, Canaan Partners, Foundation Capital, General Catalyst, Sutter Hill Ventures, Erik Blachford, Hugh Crean, Canaan Partners |
| Mar 1, 2012 | SilverRail Technologies | $15.0M Series B | John Balen | 75 & Sunny, Canaan Partners, Foundation Capital, General Catalyst, Sutter Hill Ventures, Erik Blachford, Hugh Crean, Accel, Grandbanks Capital |