About Us

DevCap Growth is a private equity firm investing in B2B software companies. We work with founders and management teams who enjoy the pursuit of excellence and are eager to learn. Our focus is on rigorous process and differentiated thinking to help teams realize on their full potential.

Why DevCap Growth?

We work alongside you to continuously challenge your team and your company to raise the bar and deliver on the two or three highest priority objectives.

Our goal is to build high-performing, API-led organizations with defensible moats over multiple cycles.

Value Creation Framework

  • Focused value creation
  • Primary focus on people
  • Deep API-led playbook to assist management in execution

Team & Partners

  • Experienced team
  • Deep bench of strategic partners
  • Operating relationships to help management execute

Differentiated Model

  • Unique and focused value creation framework
  • Hyper focused on API-led initiatives, while providing significant operating latitude to management

Focused Strategy & Sourcing

  • Selective funnel and criteria
  • Clarity for referral sources
  • Screening process with limited ambiguities
Software is experiencing another paradigm shift, going from SaaS to open ecosystems and APIs-as-a-product.

DevCap Growth brings developer focused capital to middle-market software companies to drive API-led growth in this open era.
API-Led Growth Drivers
Multiple trends are converging to make API-led growth models accessible to the middle-market and setting the stage for another transformation in software

Developer Spending Power

31 million developers worldwide, expected to reach 45 million by 2031, coupled with increasing spending power per developer are driving exponential growth in total developer-directed spend.

API-Led Momentum

In 202, Jeff Bezos mandated all developments within Amazon had to be built on API's; since then, API's and micro services slowly gained traction, but today have significant momentum and adoption.

GTM Shift

Seven-figure annual contract-value relationships are no longer starting in the CTO or CIO's office; individual developers are adopting software at a large scale on a "bottom-up" basis.

Disruptive Themes

Four disruptive themes are changing what is considered table-stakes for software automation, AI/ML/data, API's, and abstraction - we call them "The 4 As".

Technology & Tools

API-led capabilities used to be reserved for well-funded start-ups and large corporates with deep development budgets; new tools have made API-led go-to-market accessible to the middle-market.

About our firm

DevCap Growth is an investment firm focused on middle-market software companies in the expansion and buyout stage. We invest patient capital through a deep network of family offices and well-capitalized institutional investors seeking to partner with exceptional management teams.

DevCap is exclusively focused on transforming middle-market software companies into API-led growth platfoms. We have conviction that developers will continue to take share of software spend and that middle-market software companies are ripe for transformation into API-led growth platforms to take advantage of this evolution.  

While traditional private equity and venture capital are focused on buy-and-build and capital-consuming native API-led companies, respectively, DevCap is purpose built for management teams who understand the need to develop an API-led growth motion as part of their strategy.
Partnership & alignment
Proven product-market-fit
Simple capital structures and execution frameworks
Clear Priorities, expectations, & incentives
Candor & transparency