Profile

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with over $5 billion in capital under management. Silversmith seeks to partner with founders and entrepreneurs building enduring technology and healthcare businesses. The firm brings deep domain expertise, strategic perspective, and a long-term partnership approach to help management teams accelerate growth. The firm has served as the first institutional partner to some of the most dynamic and successful companies in its core verticals, including Appfire, Apryse, DistroKid, Iodine Software, and LifeStance Health.

To learn more, visit www.silversmith.com

Awards

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

2024 Top Growth Equity Firms, Top 40 Under 40 Growth Investors, Top Software Investors, Top Private Equity Firms, Top Women Leaders, Top Healthcare Investors

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

2022 The Top Growth Equity Firms, Top 40 Under 40 Growth Investors, Top Software Investors, Top Healthcare Investors, Top Women Leaders

2021 Top Growth Equity Firms, Top 40 Under 40 Growth Investors, Top Software Investors, Top Healthcare Investors

2020 Top Growth Equity Firms, Top 40 Under 40 Growth Investors

2019 Top 40 Under 40 Growth Investors

2018 Top 40 Under 40 Growth Investors

2017 Top 40 Under 40 Growth Investors

2016 Top 40 Under 40 Growth Investors

Features

Danielle Waldman named Woman Leader of the Year in Growth Investing

Danielle Waldman, Principal at Silversmith Capital Partners, was named Woman Leader of the Year in Growth Investing at the 2025 NYC Awards Night, recognizing her work partnering with founders to build innovative software and technology businesses.

Exceptional Software Investor: Silversmith’s Jim Quagliaroli

GrowthCap’s RJ Lumba spoke with Jim Quagliaroli on November 6, 2024. Jim is Co-Founder and Managing Partner of Silversmith Capital Partners, a Boston-based growth equity firm with $3.3 billion under management. He has served as Managing Partner since the firm’s founding in 2015.

Articles

How Top Growth Investment Firms are Succeeding by Building Exceptional Teams

Stewards of capital to some extent are stewards of society through their influence on company development and workplace cultures. In more recent years, the idea of inclusivity has become more prominent across industries as shareholders, board members, and institutional capital providers came to understand the importance of including everyone, not just select groups. Not only is inclusivity an ideal most people believe in, there are tangible benefits that arise from diversity in thoughts, ideas and talents, which stem from diversity in backgrounds and experiences (Read).

Key People

Jeff Crisan, Managing Partner

Jeff co-founded Silversmith Capital Partners in 2015. In his role as a Managing Partner, Jeff focuses on investments in healthcare IT & services. Jeff’s healthcare investments are centered around innovative care delivery models oriented towards value-based care that can be scaled both organically and through M&A. With 20+ years investing in the healthcare sector, Jeff’s investments for the firm include: Earned Wealth, Fortified Health Security, Further, Iodine Software, LifeStance Health (Nasdaq: LFST), MediQuant (acquired by Revelstoke Capital Partners), Nira Medical Group, Nordic (acquired by Bon Secours Mercy Health), Panalgo (acquired by Norstella), Upperline Health and USHP. Jeff received an AB in government and mathematics from Dartmouth College where he graduated magna cum laude, and an MBA with Distinction from Harvard Business School.

Todd MacLean, Managing Partner

Todd co-founded Silversmith Capital Partners in 2015 and focuses on building lasting partnerships with exceptional entrepreneurs within the SaaS & information services sectors. With 20+ years investing in the information technology sector, Todd has served on the board of more than 15 SaaS companies. His investments for the firm include: ActiveCampaign, Ascend Analytics, Digital Map Products (acquired by LightBox), DistroKid, Impel, Novatus Global, Onbe, Social Sentinel (acquired by Navigate 360), Unily, Venminder (acquired by nContracts), Webflow, Worldly, and Zonos. Todd received an AB, cum laude, in English from Dartmouth College and an MBA with Honors from The Wharton School at the University of Pennsylvania.

Jim Quagliaroli, Managing Partner

Jim co-founded Silversmith Capital Partners in 2015. In his role as Managing Partner, Jim focuses on partnering with passionate founders of growing SaaS companies focused on product leadership. His software investments are targeted on supporting competitive, team-oriented CEOs who want to invest in aggressive go-to-market initiatives to drive growth. With 20+ years of investing experience, Jim has served on the board of more than 25 companies. His investments for the firm include: Absorb Software (acquired by WCAS), Apryse (fka PDFTron), Centauri Health Solutions, Formstack, GiveCampus, impact.com, JETNET, Market Access Transformation (acquired by Genesis Research), Net Health, Opensignal, Proven Optics, RedAwning, TMA Systems and Validity. Jim received an AB, magna cum laude, in English & American literature from Harvard College.

Lori Whelan, Managing Partner

Lori co-founded Silversmith Capital Partners in 2015 and is responsible for all of the firm’s finance, operations, and talent management activities. Most importantly, she focuses on ensuring the firms values are operationalized into the day-to-day culture of Silversmith. Lori received a BSE from The Wharton School at the University of Pennsylvania where she graduated magna cum laude and her MBA with Distinction from Harvard Business School.

Sri Rao, Managing Partner

Sri Rao joined Silversmith Capital Partners in 2015. At Silversmith, Sri focuses on investments in SaaS & information services, including sales, marketing, customer service and ecommerce related technology companies. Sri’s investments for the firm include: Appfire, Clearer.io (fka: AppHub), eOne, Constructor.io, Gearset, Microblink and Northbeam. His additional investment experience at Silversmith includes ActiveCampaign, Apryse, DistroKid, impact.com, Validity and Webflow. Sri graduated from the University of Pennsylvania with a BS from The Wharton School and a BAS from the School of Engineering and Applied Science.

Brian Peterson, General Partner

Brian Peterson joined Silversmith Capital Partners in 2015. At Silversmith, Brian focuses on investments in Healthcare IT & Services. Brian led the firm’s investments in Advanced Medical Strategies (AMS), EvolveNXT, and Vastian (fka: MediaLab). His additional investment experience at Silversmith includes Centauri Health Solutions, Iodine Software, LifeStance Health (Nasdaq: LFST), Market Access Transformation (acquired by Genesis Research), Net Health, Nordic Consulting, and Sound Physicians. Brian graduated Phi Beta Kappa with a BBA from the Ross School of Business at the University of Michigan and received his MBA with honors as a Palmer Scholar from The Wharton School of The University of Pennsylvania.

Julia Frenette, Operating Partner, Talent

Julia joined Silversmith Capital Partners in 2023. In her role as Operating Partner, Talent, Julia collaborates closely with entrepreneurs and leaders across the firm’s portfolio to identify and recruit senior executives and board members and provide strategic support for the portfolio’s broader talent needs. Julia graduated from Harvard University with a Bachelor of Arts degree in history.

Chris Hecht, Venture Partner

Chris joined the firm in 2024 and works closely with the Silversmith investment team to support deal origination and diligence and with portfolio companies to drive value creation as they continue to grow and scale their businesses. Over his career, Chris has successfully led corporate development at industry-leading technology companies including Atlassian, Salesforce, MuleSoft, and Demandware. Chris graduated from Colorado College with a BA and received an MBA in Finance from UCLA Anderson School of Management.

Bryan Landerman, Operating Partner, Chief Technology Officer 

Bryan joined Silversmith Capital Partners in 2022. In his role as Operating Partner, Chief Technology Officer (CTO), Bryan collaborates closely with entrepreneurs and leaders across the firm’s portfolio as they look to leverage technology to deliver value through product-driven initiatives. Bryan graduated with a BS in computer science from the University of Connecticut.

Marc Munfa, Operating Partner

Marc joined Silversmith Capital Partners in 2015. At Silversmith, Marc collaborates with entrepreneurs and management teams across the Silversmith portfolio as they look to accelerate their growth. This role includes everything from honing their go-to-market strategies, building out leadership teams, completing strategic acquisitions, and preparing businesses for exit. Marc also manages lender relationships for the firm. Marc graduated from Duke University with a BA in economics and history where he graduated summa cum laude and received his MBA from Harvard Business School.

Eric Webster, Operating Partner, Go-to-Market

Eric joined Silversmith Capital Partners in 2025 as Operating Partner, Go-to-Market. At Silversmith, Eric collaborates closely with portfolio company leadership teams to drive go-to-market strategies, accelerate growth, and optimize revenue operations. With over two decades of experience leading and scaling high-performance teams at high-growth technology companies, Eric brings deep expertise in sales leadership, revenue operations, and market expansion. Most recently, he served as Senior Vice President of Sales at Salesforce and was a member of the Global Senior Management Team. Eric graduated from Northeastern University with a BS in Management. 

Funds Raised

Key Investments

SkillCorne: Invested November 2025
Sector: SaaS & Information Services

Global leader in AI-driven sports data, delivering automated player and ball tracking through advanced computer vision.

Absorb Software: Invested August 2017, exited May 2021
Sector: SaaS & Information Services

SaaS-based learning management system (LMS) for business, higher education, and government/non-profit agencies.

ActiveCampaign: Invested September 2016
Sector: SaaS & Information Services

SaaS-based marketing automation platform primarily for SMBs.

Appfire: Invested May 2020, realization January 2021 and December 2022, current portfolio company
Sector: SaaS & Information Services

Enterprise collaboration productivity apps and solutions

Apryse: Invested May 2019, realization May 2021, current portfolio company
Sector: SaaS & Information Services

Provider of software development kits (SDKs) and other tools that enable developers to build dynamic document processing capabilities into their software applications.

DistroKid: Invested September 2018, realization October 2021, current portfolio company
Sector: SaaS & Information Services

Digital music distribution software for independent musicians and record labels.

impact.com: Invested June 2016, realizations July 2021 and February 2022, current portfolio company
Sector: SaaS & Information Services

SaaS platform that helps marketers automate partnerships that drive revenue.

Iodine Software: Invested November 2018, realization November 2021, current portfolio company
Sector: Healthcare IT

Artificial intelligence-based software solutions for health systems that reduce errors and omissions in clinical documentation.

Onbe: Invested August 2016, realization December 2020, current portfolio company
Sector: SaaS & Information Services

Financial services software platform for large enterprise payments

LifeStance Health: Invested February 2017, recapitalization May 2020, IPO June 2021, secondary 2024, current portfolio company
Sector: Healthcare Services

Provider of outpatient psychiatric and behavioral health services across the U.S.

Webflow: Invested November 2018
Sector: SaaS & Information Services

Provider of no-code software solutions that allow customers to design, build and launch applications via its proprietary platform.

Capital Responsibility

Since its founding, Silversmith Capital Partners has embraced responsible investing initiatives as part of its firm culture. Silversmith was founded with two mandates—to partner with the very best entrepreneurs in technology and healthcare companies as they build and grow their companies and to 

do this with a values-based, collaborative team culture. The firm believes that operating from the foundation of its values of integrity, humility, teamwork and conviction allows it to hire and retain the best investors, partner with the best entrepreneurs, and provide the best returns to its investors.

Culture: Silversmith believes that diversity in thought, and backgrounds, can be a competitive advantage and has been deliberate in establishing a culture that promotes collaboration, equality and inclusion. The firm believes it makes the best decisions leveraging all of its collective perspectives and is committed to providing development opportunities to allow everyone at the firm to perform to the best of their ability and grow into leadership positions at the firm.

Investment Strategy: As a partner to companies developing innovative technologies in the SaaS and information services and healthcare IT and services sectors, Silversmith works closely with the management teams it invests in to support, promote and integrate environmental, social and diversity initiatives across their organizations. A number of its investments are making significant environmental impacts by reducing carbon footprints and improving efficiencies, as well as implementing social and diversity driven initiatives.

Partnerships: Silversmith has established formal partnerships with leading organizations that support traditionally underrepresented candidates through mentoring, educational programs, and career opportunities and supports numerous non-profit community organizations each year.

CEO Reviews

Philip Kaplan, Founder, DistroKid

“Silversmith had faith in what I had done as a founder to make DistroKid a successful company and they were not investing in me to change that.”

Tom Ormondroyd, CEO, Vastian

“Silversmith is a rare find in private equity – a genuinely supportive team that trusts management to do what they do best. They’re always there when you need them and not there when you don’t, making them true partners in every sense.”

Jim Jacobs, President & CEO, MediQuant

“Silversmith understands that not every company is the same. They don’t have a playbook and don’t tell a founder how to run their company, even when they have invested as a majority owner. I appreciate that.”

Abhishek Gupta, CEO, Nira Medical

“Over the course of my career, I have worked in close collaboration with 20-25 healthcare partners from top tier firms across the country. I would without hesitation rank the Silversmith team at the top of that list.”

Ron Books, CEO, Net Health

“Silversmith has been an exceptional partner to Net Health, providing strategic value through their deep healthcare expertise and hands-on support in areas like M&A, market analysis, and strategic planning. The Silversmith team are not only outstanding investors but also incredible people—trusted collaborators who genuinely care about our success.” 

Derek Swaim, CEO, JETNET

“What truly sets Silversmith apart is their people. This is my second time working them, and what I value most is the quality of relationships and the balance of empowering us to run our business independently while stepping in with strategic advice when needed.”

Charles Rutstein, Chairman and CEO, Opensignal

“Silversmith is simply the private equity partner you want to have.  I’ve worked with many of the top private equity firms, but few can match the wisdom, intellect, creativity, and values alignment that I’ve found with Silversmith.  Great investors who know what it takes to find the right deals – and manage them through to a successful exit.”

James Hyde, CEO, Venminder

“Working with Silversmith has been transformative for our company. Not only did their expertise and industry networks provide invaluable support, but the unexpected benefit of networking with other Silversmith portfolio clients opened a wealth of shared experiences.”

Cassidy Smirnov, CEO, Apryse

“Silversmith’s deep experience helping software companies scale, paired with their pattern recognition, has been invaluable. They listen, work hard, and have been a great growth partner to me.”

Jason VandeBoom, Founder & CEO, ActiveCampaign

“Silversmith is just different from other firms out there. They are truly founder friendly and supportive in their nature. I know a lot of people say this, but they actually live it.”

Juli Spottiswood, Chairman, Onbe

“Silversmith is more of a family. They are real people who care. They care about one another, about their founders and the people at their portfolio companies. This is rare, if not unique.”

William Chan, CEO & Co-Founder, Iodine Software

“Jeff, Brian and the Silversmith team are highly knowledgeable investors who understand the healthcare space. Just as importantly, they are great partners, advisors, sounding boards and are always there to back you up and cheer you on. As a founder, you need that.”

Mike Owens, Former CEO & Founder, Absorb Software

“Silversmith set itself apart by showing me how much they understood my business and outlined a vision for the future of the company. They really understood our business model and did not just come in with a predefined playbook like others did. Jim and Marc were also truly interested in Absorb and the people at the company. I knew from our first meeting they really wanted to know about the human component to the business which was important to me.”

Randall Ward, Co-Founder, Appfire

“Board rooms often house 160 IQs and egos that could double as wallpaper, but emerging investors like Sri Rao and his firm Silversmith Capital Partners represent a disruptive changing of the guard.”

David Yovanno, CEO, impact.com

“Silversmith has been an invaluable investment partner as we invest in sales and marketing initiatives, expand our geographic footprint, and acquire complementary technology.”

Mark Simner, CEO, TMA Systems

“We all strive to create value in the companies in which we operate, and I have found Silversmith Capital Partners transparency and insights to be refreshing. Their willingness to debate and challenge ideas is empowering and I believe leads to great outcomes. I would highly recommend Silversmith Capital Partners to any Founder, CEO or leadership team interested in fueling future growth.”

Adam Miller, Founder & CEO, Centauri Health Solutions

“It’s all about your reputation in this business and Silversmith has the best. The firm has been    everything I could hope for in a partner.”

Mark Briggs, Chairman & CEO, Validity

“Numbers are not important to me, it’s the people who matter when it comes to an investment  partner.”