New Growth Equity Firm Tidemark Launches;
Closes First Time Fund at $575M
Firm is led by former 15-year TCV veteran Dave Yuan
San Mateo, Calif. — September 27, 2021 — Tidemark, a new growth equity firm purpose-built to help category-leading companies win and scale, today announced its launch and the closing of its first fund. Initially targeting a $350M fund size, significantly oversubscribed Tidemark Fund I LP and Tidemark Fund I-A LP (together, “Fund I”), along with an executive fund, closed at $575M.
Founded in 2021, Tidemark is run by a small group of thematic and fundamental investors, in partnership with a community of world-class operators. The firm has invested in four SaaS start-ups to date: Kajabi, Contentful, and two investments that have not been announced.
Tidemark operates a Fellows program, offering a platform for business leaders to share knowledge with others and help accelerate Tidemark’s portfolio companies. Tidemark has also launched a foundation, where 10% of Tidemark’s profits will be donated to causes aligned with its investments.
“Tidemark is a new approach to growth equity that is centered around investing in category leaders, building community to share knowledge, and giving back,” said David Yuan, general partner of Tidemark. “I’m excited to get to work to support great teams at leading technology companies to create value and positive impact.”
Tidemark’s first fund primarily includes commitments from institutional investors, with participation from Tidemark Fellows and notable technology and private equity executives.
As founder and general partner of Tidemark, David Yuan brings more than two decades of experience investing in the technology sector. Before Tidemark, Dave spent 15 years as a general partner at Technology Crossover Ventures (TCV), where he invested in 25 companies, eight of which have gone public and eight that were acquired. Dave has been recognized twice by Forbes’ Midas List as one of the top 100 Global Technology Investors.
Tidemark was founded in 2021 by investing veteran David Yuan. The firm is purpose-built to help companies win and scale, and is run by a group of thematic and fundamental investors, in partnership with world-class operators. For more information on Tidemark, visit: https://www.tidemarkcap.com
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