|Investors with a twenty-year track record support the growth of tech-enabled businesses|
|Tampa, FL – October 12, 2020 – Showing great momentum, Florida-based Topmark Partners has successfully rebranded its organization, raised a new growth equity fund and is actively scouting for new opportunities for investment.|
Formerly known as Stonehenge Growth Equity Partners, the partnership remains led by Steve Lux, Travis Milks and Brian Model, the three founders who have worked together for more than 20 years. Together, the group has successfully invested in more than 40 companies and navigated through numerous market shifts and business cycles.
“We are thrilled to be out in the market exploring new opportunities, and we are especially grateful to have many repeat investors backing this new chapter for our group,” said Topmark Partners Managing Partner Travis Milks. “We remain focused on identifying the next cadre of innovative and successful companies that are ready for an injection of funding to grow their businesses to the next level.”
The organization adopted a new name earlier this year, Topmark Partners, as a nod to the navigational beacons that guide sea-going vessels along the best route. Illustrating this, Topmark partners with entrepreneurs to support their efforts to build highly successful businesses that are reshaping their markets.
This year, Topmark Partners opened its newest fund to investors and quickly began closing on subscriptions into the fund. Investors in Topmark Partners’ funds include some of the nation’s largest financial institutions and highly successful entrepreneurs.
“The urgent needs of the current pandemic have spurred innovation in key industries, and that is especially gratifying as Topmark Partners has for many years invested in technology companies that focus on solving business problems, including several in the healthcare field,” said Topmark Partners Managing Partner Brian Model. “We feel companies with those attributes will be among the most successful organizations to emerge in this new chapter.”
Topmark Partners invests in companies generating $3 million to $30 million in annual revenue and are at or close to profitability, said Topmark Partners Managing Partner Steve Lux. “We find the best outcomes result from taking a coaching role with the companies we support,” Lux said. “That means bringing in new resources and expertise to companies that already have a proven business model. Now those companies are ready for an injection of capital to fuel their next stage of growth.”
Speaking for one of Topmark Partners’ portfolio companies, Scott Adams, Chief Executive Officer, STRAX Intelligence said “Topmark has been a trusted investment partner every step of the way as STRAX has evolved. Having worked with them in previous ventures, I knew they would be a valuable advisor serving on our board providing direction and guidance as needed. Their added ability to help us build industry relationships and business connections has been invaluable as well.”
With the launch of the new brand and its latest investment fund, Topmark Partners will continue to build trusted relationships with entrepreneurs scaling rapidly growing businesses.