Who We Are

One Firm, One Team, One Set of Decisions

IO Capital is a modern software growth equity firm based in Los Angeles.

Jared and Thomas, the “I” and the “O” of IO Capital, have worked together for nearly a decade. They co-founded IO to formalize and scale a way of working tested over years of close partnership, with complementary skill sets, deep mutual trust, and a shared idea of what makes a great software business.

The firm is designed to compound their two perspectives. Investment decisions are sharper because the operator is in the room when they are made. Execution is sharper because the investor is in the room when it happens. There is no hand-off to a separate “value creation” team, no diffusion of accountability, and no loss of context between the people who underwrite the thesis and the people who help carry it out.

About the Founders

Jared Rosen

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.

Prior to founding IO Capital, Jared was a Managing Director at Insight Partners where he spent over a decade partnering with founders of vertical software companies. His portfolio includes Dotmatics (sold to Siemens for $5.1B), CentralReach (sold to Roper for $1.9B), and Jama Software (sold to Francisco Partners for $1.2B), among others, with over 40 add-on acquisitions executed alongside management teams. He brings a high-conviction, high-work-level strategy to his partnerships.

Jared graduated cum laude from Harvard University, where he studied History of Science and Computer Science. He is based in Los Angeles. Founders can reach Jared at jared.rosen@iocapital.com.

Thomas Swalla

Thomas 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.

Prior to founding IO Capital, Thomas was the CEO of Dotmatics, a life sciences R&D software company sold to Siemens for $5.1B, where over an eight-year tenure he oversaw 14 acquisitions and deployed more than $1 billion of capital. He previously served as CEO of Student Brands (sold to Barnes & Noble Education) and as CFO and COO of Savings.com (sold to Cox Enterprises). Thomas is also Executive Chairman of VisualLogix and a board member of Nimble.LA. His experience leading and scaling businesses has given him a deep understanding of the challenges and hardships that CEOs and their teams face. He’s acutely aware that success is rarely a straight line up and to the right.

Thomas also serves on the Board of Trustees of Wrestle Like a Girl, which uses wrestling to empower girls and women to become leaders in life. He left the University of Iowa to help start his first software company, but eventually returned and earned a BBA in Finance and Management Information Systems. Thomas lives in Los Angeles with his wife and daughter, his dog Juniper, and a guinea pig named Banksy. Founders can reach Thomas at thomas.swalla@iocapital.com.

The Team

Brandon Risley

Brandon Risley is an Investor at IO Capital and the lead engineer of Galileo, the firm's proprietary AI platform. Prior to IO Capital, Brandon spent four years at Dotmatics, most recently as Chief of Staff to the President, partnering on cross-functional operations and integration. During his tenure, Brandon was also part of the M&A team that sourced and executed the acquisitions of SoftGenetics, Virscidian, Easy Panel, and M-Star, and contributed to the sale of the business to Siemens. Before Dotmatics, Brandon was a Data Engineer at Voxie, where he architected the company's analytics and machine learning capabilities.

Brandon graduated cum laude from Cornell University with a B.S. in Biomedical Engineering and holds an M.S. in Bioengineering from UC San Diego. Founders can reach Brandon at brandon.risley@iocapital.com.

Eduardo Picoral

Eduardo Picoral is a Senior AI Engineer at IO Capital, where he provides dedicated engineering capacity to Galileo, the firm's proprietary AI platform. Eduardo joins IO through Nimble.LA, an AI transformation firm and IO's technical partner. Prior to IO, Eduardo spent over three years at Bravado, most recently as an Applied AI Engineer designing and optimizing LLM agents, RAG systems, and scalable AI architecture. Before Bravado, he held data science and analyst roles at Warren Brasil and Sicredi.

Eduardo has an academic background in Computational Engineering from the Federal University of Rio Grande do Sul and Artificial Intelligence and Data Science from Pontifical Catholic University of Rio Grande do Sul. Founders can reach Eduardo at eduardo.picoral@iocapital.com.

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