North Bridge Growth Equity partners with management teams of technology companies that are committed to achieving market leadership.
As part of our later stage venture investing strategy: North Bridge invests in rapidly growing companies that address large, dynamic market opportunities and have $15 million to $300 million in annualized revenue. We invest from $15 million to $75 million as either a minority or majority investor, and are able to make larger investments using an established network of partners. Our capital gives management more options at key inflection points to accelerate growth, fund acquisitions and buyouts, and provide liquidity to shareholders. Typically, we are the first institutional investor and use moderate, if any, leverage in our transactions.
We actively pursue companies that are characterized by proven management teams and strong revenue momentum. These companies have largely been built on internally generated funds. We are currently investing from our $580 million second growth equity fund.
We act like a minority investor regardless of our investment stake, partnering with management to help build exceptional businesses. As active members of the Boards of Directors, we assist management in refining strategic and financial plans, recruiting key personnel and outside board members, executing acquisitions, and positioning a company for exit. Our approach is flexible, and every investment is customized to accommodate the needs of the company and its shareholders.