TRESTLE PARTNERS

Thesis

Trestle Partners is a New York-based venture capital firm founded in 2019, specializing in investments within the Software as a Service (SaaS) sector. The firm's investment thesis centers on partnering with pre-Series A and Series A SaaS businesses that demonstrate strong product-market fit and responsible growth patterns. Trestle Partners aims to provide flexible capital to founders, enabling them to scale their companies without the pressure of traditional venture capital growth expectations often associated with Silicon Valley. Their approach emphasizes identifying SaaS businesses with specific qualities, including over $2 million in recurring subscription revenue, low customer concentration, high customer retention rates, strong gross margins, and limited capital expenditures. The firm also looks for demonstrated customer value creation, a history of capital efficiency, a strong management team, and a validated addressable market. Trestle Partners closed its inaugural fund, Trestle Partners I, L.P., with $30 million in capital in February 2021. The fund is dedicated to investing solely in SaaS businesses. While specific check sizes per deal are not explicitly stated, the firm's focus on pre-Series A and Series A rounds suggests investments in the early stages of a company's lifecycle. Trestle Partners operates primarily in the United States, with a geographic focus on startups within this region. The firm's strategy involves leading or following in investment rounds, with a preference for SaaS companies.

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• Pre-seed Enterprise investors
• Series A Enterprise investors
• Pre-seed investors based in New York, NY