PSG

Did you know that one in eight women will be diagnosed with breast cancer in their lifetime, and 90% of them have no genetic marker or family history of the disease? Recently, PSG hosted a Lunch & Learn session about breast cancer prevention with Dru Lindgren, the Director of Community Engagement at the Find The Cause Breast Cancer Foundation. Our discussion shed light on the alarming presence of cancerous chemicals in our everyday products like cosmetics, skincare, household cleaning items, cookware, and food storage solutions. Fortunately, there are many simple, eco-friendly alternatives we can adopt to lead healthier lives. It was an eye-opening discussion that underscored the importance of making informed choices for our health. Find the Cause’s mission is to fund scientific research on the environmental causes of breast cancer and educate the public on prevention. Their consortium of scientists is helping lead the way in discovering which chemicals cause breast cancer and how to prevent them. We can all make a difference today in the fight against breast cancer by supporting prevention efforts and spreading awareness. Special thanks to Thomas Wynn for organizing this enlightening event!   #philanthropy

CENTRL Inc’s use of AI to help transform the critical but inefficient process of conducting third-party diligence makes them a great fit for our portfolio. We are proud to continue to support CENTRL in its latest funding round. Mark Hastings, Co-Founder and CEO of PSG, said: “We believe that CENTRL has done an excellent job of leveraging AI to help solve a critical industry problem and is seeing strong momentum in the market. We are excited to help Sanjeev Dheer and his team build on this momentum and continue to support product innovation.” Read more: https://lnkd.in/gYgbFWiH

Are you ready to take your career to the next level and join a dynamic team? PSG is hiring for our Sourcing Analyst role, available for both immediate hires and summer 2025 graduates (current seniors).   As a Sourcing Analyst, you will support our teams by researching and contacting CEOs of software companies, managing relationships with investment targets, and presenting new deal opportunities to senior leadership. This is a great opportunity to dive into the world of growth equity, work on live deals, and engage directly with entrepreneurs.   Curious about what makes our sourcing team so special? Hear from Kameron Hypolite, Ashley Markow, and Cameron Macri below!   Are you self-motivated, have a strong work ethic, and comfortable working independently? We want to hear from you! To be considered for this opportunity, please apply directly through the Workday link below. Join us on our journey to drive transformational growth: https://lnkd.in/eEBdUdqF   #PSG #careers #growthequity

Congratulations are underway for our portfolio partner, MentorcliQ! MentorcliQ, a leading employee mentoring software platform, was recently awarded four 2024 Brandon Hall Group Excellence Awards in collaboration with clients AMD, Gannett | USA TODAY NETWORK and Wintrust Financial Corporation. These awards celebrate organizations that have successfully deployed top employee development programs. MentorcliQ combines innovative technology with mentoring best-practices to improve employee engagement and increase employee retention across a wide range of businesses. Learn more about MentorcliQ’s work: https://lnkd.in/eUkncpym

Our portfolio partner Sport Alliance GmbH, a provider of cloud-based software services to gyms and fitness suites, has teamed up with French fitness enterprise L'Orange bleue to help improve the fitness experience across its 400 clubs through the adoption of Sport Alliance’s Magicline technology. This partnership’s goal is to help enhance the overall member experience with digital features that allow members to conveniently manage their studio-related activities. Learn more about Sport Alliance’s innovative approach to streamlining data flow and digitizing the global fitness industry below: https://lnkd.in/ePDqqiEk

We wrapped up our 2024 LP Conferences with meetings in Boston and New York. It was great to bring our LPs together to share how transformative technologies, like AI, can help accelerate growth opportunities across our portfolio and the broader software and tech-enabled services space. A big thank you to our portfolio company CEOs from Tiugo Technologies, Benchmark Analytics and Xurrent (Formerly 4me) for joining us to discuss their AI-driven solutions and how they are leveraging the resources of our Portfolio Operations group to help scale. 

We’re pleased to announce that we led a $47M growth investment in Nym, a leader in autonomous medical coding. Nym’s mission is to help simplify the US healthcare system and reduce the country’s outsized administrative burden to ultimately allow healthcare providers to focus on patients and reduce the cost of care. Leveraging AI and clinical language understanding technology, Nym is able to decipher medical charts and aims to accurately assign medical codes quickly, securely, and in real time, help reduce the associated time and costs. The investment aims to accelerate the expansion of Nym’s multi-specialty solution to support new care areas. Rotem Shacham, Director at PSG said, “In our view, autonomous medical coding is the clear direction of travel for the healthcare industry due to the persistent shortage of medical coders and unmitigated costs, among other factors. We believe Nym is set to maintain its position as a leading autonomous medical coding provider due to its AI-powered engine’s ability to help improve financial performance, operational efficiency, and compliance, enabling providers to focus on patient care.” Read more about the investment below: https://lnkd.in/g879N9Dq #growthequity #healthtech #AI

We’re thrilled to announce that Adam Marcus and Bill Skarinka, Managing Directors at PSG, have been named to GrowthCap’s Top Software Investors of 2024 list. The annual award recognizes software investors who have demonstrated a commitment to disciplined capital allocation and supporting portfolio companies scale.   At PSG, both Adam and Bill play an important role in the development and growth of portfolio companies, and we’re so lucky to have them as part of our team. Congratulations! To learn more about the award and its recipients, click the link below: https://lnkd.in/eVepUQCf

Congratulations to portfolio company INE Security (FKA eLearnSecurity) for being named Best IT Security-Related Training Program in the 2024 SC Media Awards! The SC Awards recognize solutions, organizations and individuals that have demonstrated outstanding achievement in the advancement of information systems security. INE Security is committed to improving the field of cybersecurity education by developing innovative and practical solutions that help combat growing cyber threats. Learn more about INE Security and how they continue to help revolutionize the digital learning industry below:  https://lnkd.in/e3CphXep   

PSG’s Zoe L. Rubin, Max Raisleger, Kelsey Cuddy, and Peter Zonsius recently laced up their sneakers and took to the pavement in the 12th annual Glen Doherty Memorial Road Race. The Glen Doherty Memorial Foundation works to support Special Operators as they transition from military to civilian life. To date, over $1,000,000 in scholarships have been awarded to 135 recipients, helping fund their traditional education and vocational/professional training journeys. We are honored to sponsor such a meaningful cause and preserve the memory of those who’ve made the ultimate sacrifice defending our country. A big thank you to GDMF board member Sarah Blatt and scholars Andrew Dugan, Anthony Capuano, and Andrew Heiny for sending our runners off! #philanthropy #giveback