Main Capital expands to the North American market with the opening of its Boston office

Main Capital announces the opening of its Boston office. Main has been operational in North America since February 2023. Adding an affiliate office to Main’s rapidly expanding network will help strengthen its presence in North America.

Establishing a US office is a milestone addition to Main’s ability to support SaaS and software entrepreneurs. Research shows that approximately 40% of European software entrepreneurs aspire to expand their businesses to reach the North American market. Building on Main’s experience and track record of supporting European companies with internationalization, the firm is investing in resources to enhance its ability to build strong transatlantic software groups.

Founded in 2003, Main Capital Partners has grown into a leading European software investor. Next to its North American presence, the firm is active in Northwestern Europe with established offices in The Hague (The Netherlands), Düsseldorf (Germany/DACH), Stockholm (The Nordics), and Antwerp (Belgium). Since its inception, Main has made over 150 software investments and was recently recognized by Preqin and AGC Partners as one of the most active strategic investment firms in B2B software globally. In 2022, Main made 16 new platform investments and 34 follow-on acquisitions.

Four investment professionals are currently working in Boston, and there are plans to grow the team. The team is comprised of experienced professionals with a comprehensive understanding of the US market. Daan Visscher, Senior Investment Manager, leads the daily operations of the Boston office.

Daan Visscher, Co-head of Main Capital North America, comments: “Our aim is to help software companies reach sustainable growth, locally and internationally, just as we do for the other software companies in our portfolio. By defining successful business models, developing smart partner strategies, and making selective acquisitions, we help these companies achieve their growth ambitions. The North American market offers many growth opportunities. We believe being present locally enables us to better act on these opportunities and further support European and American management teams in creating a cross-Atlantic bridge.”

Main will continue to apply its proven investment model to support software businesses in achieving their growth ambitions. The Main team supports portfolio firms with organic and inorganic growth initiatives, as well as operational excellence. Main maintains a long-term perspective focused on healthy and resilient growth trajectories. Areas of the software market where Main has a strong presence include Healthcare IT, GovTech, Security, and HR Tech. Notable investments in these areas include Enovation, GBTEC, Textkernel, Assessio, and Pointsharp. Main has already made first steps in the United States; in late 2021, the human resource management software group Textkernel acquired Texas-based Sovren.

Charly Zwemstra, Main Capital Founder and Chief Executive Officer, adds: “Over the past few years, Main has experienced strong growth momentum. Since the foundation of Main, we have invested in more than 150 software companies and become one of the most active tech investors in Europe. Our commitment to B2B enterprise software has laid the foundation for our success, with our investments driving rapid expansion and long-term growth potential. However, the US market remains underexposed for us, but here we see great opportunities with many interesting and innovative software companies that fit well within our investment criteria. To build on our success, we are actively looking to invest in the US market, seeking opportunities to partner with high-potential, innovation-led software companies. Our strategy will include both new platform investments in US-based software groups and add-on acquisitions for our European portfolio companies. This will allow us to gain a foothold in the US market and establish a local presence with a targeted focus. We are already engaging with potential partners, and we expect to make an investment in the near future.”

About Main Capital Partners
Main Capital Partners is a leading strategic software investor in Northwestern Europe and the Nordics. Main has almost 20 years of experience strengthening software companies, working closely with management teams to achieve sustainable growth. Over the past few years, Main has experienced strong growth, raising 1.2 billion EUR in Q4 of 2021. Currently, Main manages over 2.2 billion EUR in assets, has 60 employees, and maintains offices in The Hague, Stockholm, Düsseldorf, Antwerp, and an affiliate office in Boston. As of October 2021, Main has invested in more than 150 software companies which have created approximately 9,000 jobs. Recent exits include LOQATICS (NL) to Sogelink (FR) and Onventis (GER) to Keensight.