PeakSpan Capital was founded in 2015 to target what it calls the hardest stage of company building - not the earliest inception risk, but scaling a proven B2B software company from roughly $3 million to $50 million in annual recurring revenue. The firm's own materials emphasize operational support, exit preparedness, and domain specialization across twelve defined categories, from human capital management to next-gen security, rather than broad venture branding. Its inaugural $150 million fund closed in January 2016, followed by a $265 million Fund II in December 2018 and an oversubscribed $567 million Fund III in January 2022 - the same year the firm's exit of ecommerce platform Ecwid, acquired by Lightspeed Commerce for $500 million, became one of its signature outcomes.
Ecwid's 2021 acquisition by Lightspeed Commerce for $500 million - PeakSpan invested in the ecommerce platform in March 2020 and exited the following year