Argentum Capital Partners

Argentum, a growth equity firm that helps scale bootstrapped and founder-led B2B software, technology-enabled and business services companies, is pleased to announce that Ankit Chadha has rejoined the firm as a Principal. “We are excited to welcome back Ankit to Argentum. His experience in sourcing and executing deals as well as working with portfolio companies will be invaluable as Argentum continues to grow,” said Daniel Raynor, co-Founder and Managing Partner. “We are excited about his expanded leadership role and responsibilities he is taking on as an integral member of our team.” Added Walter Barandiaran, co-Founder and Managing Partner, “Ankit is an impressive and talented professional who has played a pivotal role in serving as a partner and advisor to his portfolio companies." “Argentum’s strategy of backing bootstrapped, founder-led, and capital efficient companies has been tried and tested through various market cycles and has proved to be even more compelling in the current funding environment,” said Ankit. “I am excited to rejoin the team and continue to execute on the Argentum playbook,” he added. Press release here: https://lnkd.in/egTN6KPg

Congratulations to the impressive team at our portfolio company, Fleetworthy Solutions, on a fantastic outcome as we announce the company's sale to Bestpass (backed by Insight Partners and Susquehanna Growth Equity)! “Argentum has served as a trusted and supportive partner that has played an instrumental role in Fleetworthy’s success,” said Michael Precia, President and CEO of Fleetworthy. “Since leading the company’s recapitalization in 2014, Argentum has actively provided invaluable strategic guidance, originated all 5 of our add-on acquisitions, and sourced customer and partnership opportunities – all of which have helped us achieve dramatic revenue growth, drive significant operating leverage and profitability, and create tremendous value.” “The sale of Fleetworthy was the culmination of a highly successful investment that was an ideal representation of Argentum’s strategy and value-added approach”, said Daniel Raynor, Co-founder and Managing Partner of Argentum and former Chairman of Fleetworthy. “We developed a thesis based on Argentum’s prior experience in the transportation space, directly sourced a proprietary opportunity through our outbound approach, and actively helped management build Fleetworthy into a market leader. In close partnership with Mike and his team, we executed Argentum’s time-tested playbook – unlocking organic momentum, alongside a targeted buy-and-build strategy, to create a rapidly growing and highly profitable enterprise. We applaud the entire Fleetworthy organization on an exceptional outcome and wish them continued success as part of Bestpass.” “Fleetworthy epitomized the type of company that Argentum looks to support – a founder-led, bootstrapped, and capital-efficient B2B tech-enabled services and software company that could benefit from a value-added partner to scale and accelerate growth,” added Chris Leong, Partner at Argentum. “It’s been a privilege serving as Fleetworthy’s partner. We congratulate Mike and his team and look forward to their ongoing efforts to make our nation’s roads and fleets safer.” Read the full press release here: https://lnkd.in/eHguCFe4

Congratulations to the impressive team at our portfolio company, Fleetworthy Solutions, on a fantastic outcome as we announce the company's sale to Bestpass (backed by Insight Partners and Susquehanna Growth Equity)! “Argentum has served as a trusted and supportive partner that has played an instrumental role in Fleetworthy’s success,” said Michael Precia, President and CEO of Fleetworthy. “Since leading the company’s recapitalization in 2014, Argentum has actively provided invaluable strategic guidance, originated all 5 of our add-on acquisitions, and sourced customer and partnership opportunities – all of which have helped us achieve dramatic revenue growth, drive significant operating leverage and profitability, and create tremendous value.” “The sale of Fleetworthy was the culmination of a highly successful investment that was an ideal representation of Argentum’s strategy and value-added approach”, said Daniel Raynor, Co-founder and Managing Partner of Argentum and former Chairman of Fleetworthy. “We developed a thesis based on Argentum’s prior experience in the transportation space, directly sourced a proprietary opportunity through our outbound approach, and actively helped management build Fleetworthy into a market leader. In close partnership with Mike and his team, we executed Argentum’s time-tested playbook – unlocking organic momentum, alongside a targeted buy-and-build strategy, to create a rapidly growing and highly profitable enterprise. We applaud the entire Fleetworthy organization on an exceptional outcome and wish them continued success as part of Bestpass.” “Fleetworthy epitomized the type of company that Argentum looks to support – a founder-led, bootstrapped, and capital-efficient B2B tech-enabled services and software company that could benefit from a value-added partner to scale and accelerate growth,” added Chris Leong, Partner at Argentum. “It’s been a privilege serving as Fleetworthy’s partner. We congratulate Mike and his team and look forward to their ongoing efforts to make our nation’s roads and fleets safer.” Read the full press release here: https://lnkd.in/eHguCFe4

For a fourth consecutive year, Argentum has been named to Inc. Magazine's list of Founder-Friendly Investors. Inc.’s annual list honors the private equity, venture capital, and debt firms that have been recognized by founders as trusted and collaborative partners that help drive growth, and have the best track records of success backing entrepreneurs.   “For over three decades, Argentum has maintained a consistent founder-friendly strategy of investing modest amounts of capital ($5M to $15M) for minority equity stakes, and entrusting our founder and entrepreneur partners to retain majority ownership and operational control, while we actively help them drive growth,” said Daniel Raynor, Managing Partner and Co-founder of Argentum. “Our playbook continues to resonate with capital efficient entrepreneurs who could benefit from a value-added partner, but want to minimize dilution and avoid ceding control – particularly during times of volatility and economic uncertainty, and as other institutional investors push companies to accept larger and more dilutive investments.”   “We’ve had the honor of serving as value-added growth equity partners for over 100 B2B software, tech-enabled and business services companies, across multiple business cycles, and played a key role in helping many of these firms become market leaders,” added Walter Barandiaran, Managing Partner and Co-founder of Argentum. “We continue to appreciate the support and recognition of our partnership-oriented approach by Inc. and entrepreneurs in naming us as a Founder Friendly Investor for a fourth consecutive year.” Link to the full press release here: https://lnkd.in/gvuZ6re6

Argentum is proud to have led an additional investment in our portfolio company, SmartCommerce, in support of the company's rapid organic growth and strategic acquisition efforts. Congratulations to CEO Jennifer Silverberg and her team for continuing to leverage SmartCommerce’s ML and AI-based Click2Cart data platform to successfully convert consumer purchase intent and drive billions of dollars of products into shopping carts for brands and their retailer partners. We're also excited to welcome Giles Farley of ICU Ventures, and Corey Ferengul, CEO of Yello, to SmartCommerce's board https://lnkd.in/e6vKuaVE