Profile

Turn/River Capital is a private equity firm that applies a proprietary growth engineering strategy to investing, partnering with software businesses to accelerate growth and build enduring value. The firm’s team of equal parts investors and operators provides hands-on operational support and the flexible capital to systematically scale marketing, sales and customer success at its portfolio companies. Founded in 2012 and based in San Francisco, Turn/River invests globally with a focus on North America and Europe.

www.turnriver.com

Awards

2025 Top Private Equity Firms, Top Women Leaders, Top 40 Under 40 Growth Investors, Top Growth Equity Firms

2024 Top Growth Equity Firms, Top Women Leaders

2023 Top Growth Equity Firms, Top 40 Under 40 Growth Investors, Top Private Equity Firms, Top Women Leaders

2022 Top 40 Under 40 Growth, Top Women Leaders

2021 Top 40 Under 40 Growth Investors

2020 Top Growth Equity Firms

2019 Top 40 Under 40 Growth Investors

2018 Top 40 Under 40 Growth Investors

2017 Top 40 Under 40 Growth Investors

2015 Top 40 Under 40 Growth Investors

Features

Growth Engineering: Turn/River’s Matt Amico

GrowthCap’s RJ Lumba spoke with Matt Amico on August 27, 2025. Matt is a Partner at Turn/River Capital. He joined the firm in 2018 and previously worked at Goldman Sachs and SkyBridge.

Navy SEALs of Company Scaling: Turn/River’s Joanne Yuan

GrowthCap’s RJ Lumba spoke with Joanne Yuan on October 11, 2023. Joanne is a Partner at Turn/River Capital and has experience investing in software companies from pre-launch to post-IPO.

Key People

Dominic Ang, Founder and Managing Partner

Dominic Ang is the Founder and Managing Partner at Turn/River. Dominic began his career at Plumtree Software, and subsequently worked as an investor at Advent International and Vector Capital. He later became CEO of My Perfect Sale, where he developed the operator-led, data-driven approach to scaling software companies that would become the foundation of Turn/River’s growth engineering philosophy. Dominic founded Turn/River in 2012 and continues to lead the firm’s hands-on, operator-first approach to partnering with software companies. He holds a BS in Business Administration from the University of California, Berkeley, with High Honors.

Chase Sorgel, Partner and Head of Growth Operations

Chase Sorgel is a Partner and Head of Growth Operations at Turn/River. Chase brings deep operating experience from both high-growth technology companies and software entrepreneurship, having built and led growth, marketing, and revenue teams across multiple stages. Prior to joining Turn/River, Chase led PayPal’s performance marketing organization and founded his own software company. Chase has served on a number of Turn/River company boards including Redwood Software, Tufin, CoSoSys, Trakstar, ActiveState, and ActiveBatch. He holds a BS in Business Administration and Marketing from the Leeds School of Business at the University of Colorado Boulder.

Joanne Yuan, Partner and Co-Head of Investments 

Joanne Yuan is a Partner and co-heads the Investment Team at Turn/River. Joanne started her career at Morgan Stanley and has spent nearly fifteen years investing in software companies at Hellman & Friedman, Google, and Cowboy Ventures. At Turn/River Joanne led the investments in Paessler, PairSoft, CoSoSys, and Invicti Security. She holds an MBA from Stanford University Graduate School of Business, a BS in Finance and a BA in International Studies from the University of Pennsylvania, where she graduated magna cum laude.

Matthew Amico, Partner, Investments

Matt Amico is a Partner at Turn/River, and focuses on B2B software investments globally. Matt began his career in investment banking at Goldman Sachs before joining SkyBridge Capital, where he helped lead the firm’s global expansion. Since joining Turn/River in 2018, Matt has led the investments in SolarWinds, Redwood Software, Tufin and StarLIMS. He holds a BA in Political Science and Economics from Tufts University.

Fund Raised

Key Investments

StarLIMS: Invested 2026
Sector: Software/Laboratory Informatics

StarLIMS is a global enterprise informatics platform for laboratories that powers manufacturing and research lab operations worldwide. The company enables greater data automation and visibility, regulatory control, and workflow management, with a product suite that includes Laboratory Information Management Systems (LIMS), Electronic Laboratory Notebooks (ELN), Laboratory Execution Systems (LES), and Scientific Data Management Systems (SDMS).

SolarWinds: Invested 2025
Sector: Software/IT Operations & Observability

SolarWinds provides IT operations and observability software that helps organizations monitor, manage, and optimize modern hybrid and cloud environments. Its solutions deliver visibility across networks, infrastructure, applications, and databases, enabling IT teams to improve performance, reliability, and operational efficiency at scale.

Redwood Software: Invested 2021, Exited 2024
Sector: Software/Business Process Automation

Redwood delivers IT, finance, and business process automation to help thousands of modern enterprises excel in the digital age. Redwood orchestrates and automates business processes across complex hybrid IT environments so enterprise organizations can focus on business agility, cost-efficiency, and customer experiences.

Paessler: Invested 2024
Sector: Software/Network Monitoring

Since its founding in 1997, Paessler AG has been a leader in developing innovative monitoring solutions for businesses of all sizes across various industries. With over 500,000 users, the company has played a critical role in optimizing IT, OT, and IoT infrastructures worldwide.

Tufin: Invested 2022
Sector: Software/Cybersecurity

Tufin is a leading Network Security Automation Platform that allows users to stay in compliance with security audits, protect against network intrusions, and drive ROI with automation.

Invicti: Invested 2017
Sector: Software/Cybersecurity

Invicti enables organizations in every industry to continuously scan and secure all of their web applications and APIs at the speed of innovation. Invicti provides a comprehensive view of an organization’s entire web application portfolio, and powerful automation and integrations enable customers to achieve broad coverage of even thousands of applications.

Mailgun: Invested 2017, Exited 2019

Mailgun is the leading transactional email API platform built for developers. Mailgun was acquired by Thoma Bravo in 2019. Turn/River retained a minority stake in the business, and in 2021, Mailgun (now Pathwire) was acquired by Sinch, a global CPaaS provider.

CEO Reviews

Kevin Greene, CEO, Redwood Software

“Turn/River has pioneered a breakthrough approach to company building and organic growth that few will be able to emulate. At the heart of the firm is a values-based discipline focused on agile, go-to-market innovation, teamwork, and customer success that empowers their companies’ leadership teams to redefine what is possible and to deliver results on a timeline that matters. If you want to win the gold medal in your market, Turn/River is the coach that will unleash your potential and make you a champion.”

Kevin Gallagher, President, Invicti and former CEO, CoSoSys 

“Turn/River has a unique and successful approach to growing software companies. The firm’s playbooks create highly capital-efficient, fast-growing companies, and the T/R team supports the management team along the way — a powerful combination. I am appreciative of the relationships I have been able to cultivate with Turn/River over the past 5 years and the growth we’ve accomplished together.”