July 14, 2022

NEW YORK, NY -- Lock 8 Partners, a leading technology lower middle-market buyout firm, announced today that it has successfully raised its second fund, Lock 8 Fund II LP (“Fund II”). The fund closed at $100 million with strong support from all current investors, as well as a select number of notable new investors.

“We are incredibly grateful to our investors, partner companies, and team members who have embraced our vision of operationally-oriented investing and have helped it become a reality,” said Todd Gibby, Managing Partner at Lock 8. “Lock 8 was founded on the idea that software investing can be highly successful when software operators and investors collaborate to generate outstanding outcomes, and Fund II is a testament to that. It has been an active last twelve months for Lock 8, and we hope to build upon this momentum in Fund II.”

With Fund II, Lock 8 will continue executing its strategy of investing in and scaling lower middle-market B2B SaaS and tech-enabled services companies by leveraging operational and functional expertise.  The firm’s operational capability comes from 30+years of SaaS GTM, sales enablement, and general management best-practices experience. Additionally, we look to provide sellers with liquidity options not typically available at a small scale. The investment focus will remain on acquiring stable, below-the-radar companies with solid products, which have generally under-indexed in their go-to-market efforts. The fund provides flexible capital for growth, liquidity, and acquisitions. The firm has made four investments since its founding in 2019 and recently exited one investment.