Memento Growth Partners, a growth-focused investment firm headquartered in Los Angeles, California, has launched efforts to raise capital for its inaugural investment vehicle, marking an important step in the firm’s expansion into the software growth equity market.
SEC Filing Reveals Initial Fundraising Plans
A regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC) shows that the firm’s first investment vehicle, Memento Growth Partners I, L.P., is currently in the fundraising phase.
According to the filing, no capital had been secured at the time the document was submitted, indicating that the fundraising campaign is still in its early stages.
The filing identifies Kareem El Sawy, the firm’s founder and managing partner, as the individual overseeing the capital raise.
Investment Strategy Centers on Software Growth Equity
Memento Growth Partners is dedicated exclusively to growth equity investments in software companies.
The firm intends to provide structured minority growth capital, typically committing between $5 million and $25 million per investment.
Its target companies are generally businesses generating approximately $3 million to $7 million in annual recurring revenue (ARR).
The firm focuses on enterprises that develop mature, mission-critical, industry-specific software solutions, particularly those incorporating artificial intelligence capabilities into their products.
Broad Geographic Reach for Investment Opportunities
Rather than concentrating on a single market, Memento Growth Partners pursues investment opportunities across several regions.
The firm primarily targets companies located in North America, Europe, and Australia, allowing it to identify high-growth software businesses regardless of geographic location.
Beyond providing capital, the investment firm works closely with portfolio companies to support international expansion strategies and evaluate mergers and acquisitions that can accelerate long-term growth.
Advisory Network Designed to Support Portfolio Companies
A key component of Memento’s operating model is its network of experienced advisers, known as the Memento Net.
The group brings together specialists across a wide range of business disciplines, offering strategic guidance to portfolio companies as they scale their operations.
The advisory platform is intended to complement financial investment by providing expertise in areas such as growth strategy, operations, and software company development.
Leadership Highlights Track Record of Scaling Software Businesses
The firm’s leadership team points to significant experience in building enterprise software companies.
According to Memento, its executives have helped businesses expand from approximately $5 million in annual recurring revenue to more than $100 million ARR within five years.
The team also highlights its history of guiding companies through successful exits, including acquisitions by some of the world’s largest strategic buyers and private equity investors, positioning the firm to support founders through multiple stages of growth.
