Sverica seals another Fund V deal a month after closing $450m vehicle

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Sverica Capital Management is wasting no time putting its new $450m fund to work after sealing the second deal since it closed the vehicle last month.

The firm has tapped Fund V to back sales performance management and compliance software business Gryphon Networks.

Gryphon offers an enterprise-grade computer telephony integration platform that aims to automatically screen, collect and analyze phone-based sales activity data from any device, to transform activity into accurate, actionable sales insights.

Sverica managing partner Jordan Richards said, “Gryphon’s SaaS solutions are well positioned in the fast-growing sales performance management and compliance markets.

“We have been impressed with the results they have driven for their customers and are looking forward to partnering with management, building on their success and creating a company that has the potential to lead the category.”

Ryan Harstad, a partner at Sverica, added, “Gryphon addresses key challenges facing sales executives today, namely capturing sales activity that is not simply self-reported, connecting activity to results, and protecting their brands with compliant communications.”

Sverica has raised more than $1.1bn across five funds.

The firm’s strategy sees it target investments in companies that are, or have the potential to be, category leaders within their respective industries in technology, business services, healthcare and high-value industrial sectors.

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