A modern software growth equity firm.
We invest $25–150M in software companies built on deep expertise and customer love to help them grow into the businesses their products deserve.
Building a software company is hard. Scaling one is harder. The work shifts from product and customers to org design, go-to-market, customer support, financial systems, compliance, and a dozen other functions that have to be built, staffed, and scaled, all at the same time. Most founders haven't done it before. Most investors haven't either.
We built IO Capital around the pairing of an investor and an operator. Jared brings pattern recognition across software markets, judgment on capital allocation, experience with M&A, and an eye for what a business needs to reach its next phase of scale. Thomas brings decades of running software companies as CEO, a playbook for the unglamorous work of scaling, and the empathy of having sat in the founder's chair.
Every company is different, and we invest the time to learn yours. We work shoulder-to-shoulder with you and your team to build the company around the product: better systems, sharper execution, stronger leadership, and more room for your customers and employees to grow.
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Jared Rosen is the co-founder and a Managing Partner of IO Capital, where he serves as the Investor, the “I” in IO Capital. Jared specializes in investments in founder-run, durable growth software companies, with a particular focus on vertical and use-case-specific enterprise applications. He partners closely with management teams on company building, using a hands-on approach across product strategy and market positioning, go-to-market execution, and operations to compound value.
More about JaredThomas Swalla is the co-founder and a Managing Partner of IO Capital, where he serves as the Operator, the “O” in IO Capital. Originally from Iowa, Thomas brings a blue-collar leadership style and work ethic to his role, gained from his formative years and from leading companies through significant growth and transformation. He partners closely with founders and management teams on the day-to-day work of company building, from team and culture to go-to-market, M&A integration, and the operating systems that scale a business.
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We’ve built a proprietary software platform in-house that powers our investing process, from sourcing through diligence. Enter your company URL below and we’ll come back with a quick read on whether IO Capital might be a fit.