2020 has come and gone. Despite the challenges the year presented, our team, our companies and the greater community have risen to the occasion and continue to forge ahead with relentless optimism and greater perspective.
We invested in three new rapidly growing companies: Kevel, API infrastructure helping publishers serve up ads and custom sponsored listings; Kobiton, application testing software for mobile operating systems and devices, and ProxsysRx, turnkey management services for hospital-based pharmacies. In addition to these changes to our roster, we saw successful outcomes with Fattmerchant, which was acquired by Greater Sum Ventures, and Five Points, which was acquired by Aveanna Health.
Our portfolio companies’ growth did not go unnoticed. Fattmerchant and Florence made the Inc 500, and 6 more of our companies made the Inc 5000. Many of our companies were called out as innovators in their respective communities as well.
Fulcrum itself received several awards, including making Inc.’s 2020 Top 50 Founder Friendly PE firms and having our partnership with Fattmerchant recognized as one of four feature stories. It is an honor to be recognized for our dedication to our companies, their leadership team, and seeing the progress to the next level.
Internally, we saw two notable promotions. Philip Lewis has been named Partner, and Patrick Rowland has been promoted to Senior Associate. Additionally, our team members went the extra mile and furthered our commitment to our community, announcing partnerships with organizations such as Goodie Nation and Year Up! and leadership positions within Venture Atlanta, TAG, and more.
Many thanks to you, our extended community, for enabling us to be nationally recognized for the work we love doing. Congratulations to our portfolio companies for achieving new heights. It is a privilege to work alongside such talented and innovative people, and we look forward to continued growth in 2021.
Happy New Years,
Fulcrum Equity Partners