TechOperators

Last updated
TechOperators
Company typeEarly Stage Technology Venture Capital Firm
Founded2008
Headquarters
Atlanta
,
US
Key people
Dave Gould, Partner
Glenn McGonnigle, Partner
Said Mohammadioun, Partner
Thomas E. Noonan, Partner
Tom McNeight, Partner
Bill Jones, VP
Daniel Ingevaldson, VP
Patrick Taylor, VP
Website http://www.techoperators.com

TechOperators is an early stage venture capital firm focused on cybersecurity and B2B software. It is based in Atlanta, Georgia, U.S., and was founded in 2008.

Contents

Company overview

TechOperators was established in 2008 [1] to focus on funding "early-stage firms too small and risky to attract traditional VC dollars and too big for angel investors" and is now investing out of its third fund. Led by veteran technology entrepreneurs and executives David Gould, Glenn McGonnigle, Said Mohammadioun, and Tom Noonan, the firm provides early stage capital financing from under $1m to $5 million. TechOperators takes an active role in their investments providing not only investment capital, but also applying their operational knowledge.[ citation needed ]

Team

Funds and Investments

TechOperators raised $100m for its third and current fund. [3] Notable investments include Automox, Polarity, Tala Security, Todyl, Scytale (acquired by HPE [4] ) and Kyck Global.

TechOperators Fund II includes investments in Springbot, Phantom Cyber (acquired by Splunk [5] ), Flashpoint and Ionic Security (acquired by Twilio [6] ).

TechOperators raised $30 million for its inaugural fund in 2008. [1] In their first fund, TechOperators invested in Vocalocity, a VoIP company providing hosted pbx for small businesses, [7] Immunet (acquired by Sourcefire [8] ) and JouleX (acquired by Cisco).

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References

  1. 1 2 3 Blue chip tech fund raising $30M
  2. ↑ "Elastic Completes the Acquisition of Endgame, a Leader in Endpoint Protection | Business Wire".
  3. ↑ "TechOperators Targets $100 Million for Third Fund". Wall Street Journal. 2018-02-20. ISSN   0099-9660 . Retrieved 2021-05-26.
  4. ↑ "HPE acquires identity management startup Scytale". VentureBeat. 2020-02-03. Retrieved 2021-05-26.
  5. ↑ "Splunk Closes Acquisition of Phantom". www.businesswire.com. 2018-04-09. Retrieved 2021-05-26.
  6. ↑ "Twilio Acquires Ionic Security". Twilio Blog. Retrieved 2021-05-26.
  7. ↑ "TechOperators Lead Series B Round for SaaS Leader for Small Businesses".
  8. ↑ Mills, Elinor. "Sourcefire buys Immunet for $21 million". CNET. Retrieved 2021-05-26.