PeakSpan Capital Closes Third Growth Fund at $567 Million

Palo Alto – January 27, 2022 – Cooley advised PeakSpan Capital, an investment firm focused on growth-stage business-to-business software companies, on the closing of its oversubscribed third growth fund (Fund III) at $567 million. Partners John Clendenin and Zach Robert led the Cooley team advising PeakSpan.

PeakSpan’s Fund III will target equity investments in growth-stage business software companies with a focus on solutions across 12 defined categories, including human capital management, customer experience management, supply chain management, sales technology, education technology and ecommerce services.

“We are thrilled to have completed the close of our third and largest fund to date and greatly appreciate the strong support from both new and existing limited partners,” Phil Dur, co-founder and managing partner of PeakSpan, said in a news release. “We look forward to continuing our momentum as we deploy Fund III and actively collaborate with entrepreneurs to scale businesses and drive strong, sustainable value creation.”

Founded in 2015, PeakSpan is committed to its mission of being the partner of choice for best-in-class software entrepreneurs who are looking to scale sensibly and capitalize on strategic, high-quality market opportunities. Through a highly focused and proprietary data-driven strategy, PeakSpan partners with software entrepreneurs with the goal of delivering the best risk-adjusted outcomes. With the close of its third fund, PeakSpan expects to grow its assets under management to $1.4 billion.

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