INVICTUS GROWTH PARTNERS
INVICTUS GROWTH PARTNERS is a Series C+ and buyout fund in the US writing $30M–$100M checks into Enterprise, Fintech, Security and enterprise-cloud-software.
- Stages
- Series C+, buyout
- Sectors
- Enterprise, Fintech, Security, enterprise-cloud-software
- Check size
- $30M–$100M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2019
- Assets under management
- $1.3B
- Website
- invictusgrowth.com
Thesis
Invictus Growth Partners is a private equity firm founded in 2019, headquartered in San Mateo, California. They focus on control-oriented growth buyouts and investments in lower middle-market, bootstrapped, and capital-efficient companies, primarily in enterprise cloud software, cybersecurity, and fintech. Their target companies are founder-led, have achieved at least $10 million in Annual Recurring Revenue (ARR), and are profitable or nearing profitability. Invictus utilizes a proprietary AI-driven platform called DIANE for deal sourcing, which has been responsible for a significant majority of their investments. The typical equity check size ranges from $30 million to over $100 million. As of early 2026, the firm managed $1.3 billion in AUM. Fund I closed at $216 million with $106 million in co-investments, and Fund II raised $574 million in total commitments, including $488 million for the main fund and $86 million in co-investment capital. The firm's legal name is Invictus Growth Partners, LLC.
Common questions
Does INVICTUS GROWTH PARTNERS invest at the Series C+ stage?
Yes. INVICTUS GROWTH PARTNERS lists Series C+ and buyout among the stages it invests in.
What check size does INVICTUS GROWTH PARTNERS write?
INVICTUS GROWTH PARTNERS writes $30M–$100M checks.
Where does INVICTUS GROWTH PARTNERS invest?
INVICTUS GROWTH PARTNERS invests in the US.