Trestle Partners (Trestle), a New York-based private investment firm that specialises in partnering with pre-Series A enterprise software entrepreneurs and founders, has completed fundraising for its inaugural fund, Trestle Partners I, reaching the hard cap of USD30 million.
The Fund, which was raised over 12 months, will invest entirely in Software as a Service (SaaS) businesses that possess strong product-market fit, have demonstrated responsible growth patterns and service attractive and sustainable end markets with high-quality software solutions.
“The current investment environment continues to create unique opportunities for firms such as Trestle that possess extensive experience and expertise in enterprise software,” says Thomas Babcock, Managing Partner of Trestle. “In 2020 we witnessed a dramatic acceleration of several long-term trends, most notably how consumers purchase goods and the ways that companies interact with their employees and customers. While eCommerce and enterprise digital adoption have been on everyone’s radars for years, the events of 2020 made their urgency abundantly clear.”
To date, Trestle has committed capital to a number of innovative businesses, including Marsello, an automated marketing platform for SMB eCommerce retailers; Ecwid, a leading eCommerce enablement platform for small enterprises; and Stylitics, a leading AI-powered visual merchandising and outfit recommendation platform.
Read more at: Private Equity Wire
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