Lock 8 Partners Raise $182 Million for Fund III in Oversubscribed Fundraising

Lock 8 Partners, LLC (“Lock 8”) announced today the final closing of its oversubscribed lower middle-market technology buy-out fund, Lock 8 Fund III LP (“Fund III”), with a $182 million in investor commitments. As deep sector specialists, Lock 8 will use the funds to continue executing their strategy of making majority investments in B2B SaaS and tech-enabled services businesses where operating expertise can unlock their growth potential. Lock 8 received strong support from existing investors and welcomed several notable new investors, reflecting Lock 8’s reputation for transforming businesses and delivering value through comprehensive support and hands-on operational expertise.

With Fund III, Lock 8 Partners will reinforce its proven strategy of investing in and scaling B2B SaaS companies. The firm focuses on identifying promising companies with solid products and stable foundations that have yet to maximize their commercial impact. Lock 8 optimizes long-term value creation through its proven and replicable operating model that prioritizes alignment of people, processes, and market opportunity.

“At Lock 8, we strive to identify and unlock the true potential of companies,” said Todd Gibby, Managing Partner at Lock 8. “We are committed to partnering with operators to transform businesses, leverage hidden organizational strengths, and drive operational excellence. We look to foster an environment where these businesses can thrive, ensuring sustainable business growth and consistent value creation.”

"We’re grateful for the continued support of our investors and proud of the outcomes we’ve achieved in Fund II and our other predecessor funds. This fundraise positions us to continue to invest in our team and bring growth to lower middle-market technology firms,” said Tim Blomfield, Partner at Lock 8.

In addition to financial investment, Lock 8 plays an active role in the strategic guidance and support of its portfolio companies. The firm has a proven track record of successful investments across its portfolio, including innovative SaaS companies in multiple sectors, such as Projector PSA, Real Life Sciences, and Relay. The firm’s commitment to portfolio companies’ success has resulted in strategic exits that deliver capital-efficient growth and effectively scaled businesses.

Goodwin Procter served as counsel to Lock 8 in the organization and offering of interests in Fund III.

About Lock 8 Partners:

Lock 8 is a New York-based private equity firm focused on B2B SaaS and tech enabled services companies. The firm identifies opportunities where others see challenges, providing the capital and operational expertise needed to transform businesses. Lock 8 is built on a foundation of focus, discipline and transparency, fostering straightforward partnerships between PE sponsor and company that create lasting value for all stakeholders. For more information on Lock 8’s investment criteria and portfolio, visit www.lock8partners.com.

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