Subscribe to the SA国际传媒 Daily

The firm’s debut fund closed out at $180 million in October 2017.

M33 Growth is led by co-founding managing directors , and .

Prior to M33 Growth, Shortsleeve was a managing director at and served stints in leadership and directorship roles at the Massachusetts Department of Transportation and the . Ling is also an alumnus of General Catalyst, where he served as partner for 13 years prior to starting M33 Growth.

Anello was a senior associate in General Catalyst’s growth equity group and, between 2013 and 2017, co-founded a travel booking startup, worked on the special projects group at , worked with , and served in board and leadership roles at a number of other companies.

The firm employs 15 people at its Boston headquarters.

M33 Growth is broadly focused on technology and health care, but there is notable variance in its investments.

The firm states in its press release that it “invests growth capital and applies its deep operational experience to optimize go-to-market teams and execute on strategic acquisitions.”

鈥淢33 Growth was founded to fuel the growth of the next great success stories in American business,鈥� said Shortsleeve in the press release announcing Fund II. 鈥淲e seek to partner with scrappy founders who have built great companies by bootstrapping their way to profitability and are looking for a partner to help them accelerate growth. Our second fund marks not only the next milestone for our firm, but also a tremendous platform to continue to expand the sales and go-to-market expansion and strategic sourcing platform that we believe will drive growth in our companies.鈥�

The lists a number of its current and prior portfolio companies. M33 Growth’s current portfolio consists of , RHI Group, , and W Energy Software.

The firm says that AssuriCare provides software and services which helps to minimize “fraud, waste, and abuse in the long-term care industry.”

RHI Group is in the business of investing in and partnering with traditional retailers to help them market themselves more effectively. M33 Growth is currently co-invested, alongside RHI Group, in and previously co-invested in (acquired by ) and (acquired by ).

The Oncology Institute operates cancer treatment centers which also offer patient and family services like financial, dietary and end-of-life counseling.

Titan Cloud offers retailers in the fuel industry the ability to monitor inventory levels and delivery scheduling, manage their facilities, and track exposure to and compliance with environmental regulations. And, in a similar vein, W Energy Software provides cloud-based enterprise resource planning software to “upstream and midstream oil and gas companies.”

In addition to Datalogix and Index, M33 Growth’s prior portfolio includes , , , , , , and .

Illustration: .

Earlier this week , a well-known venture crew, announced several updates to its Cloud Index. The new tool has useful features like real-time updates, but it has shed some of its usefulness along the way.

Index 1.0

The original index tracked a basket of public, cloud-centric software as a service (SaaS) companies. It provided quick updates on the market’s feelings towards a number of tech’s growing players.

At a glance, the index could tell you if investor sentiment was rising or falling for public cloud companies, many of which were still firmly in their growth era. Even more, the Index helped this publication keep tabs on startups that worked in SaaS or cloud areas.

If the index went up鈥攕tretching certain financial metrics that private and public investors track鈥攚e could infer that fundraising activity for analogous startups was likely to be warm. Also, higher valuations for public cloud and SaaS companies also trickle backwards into the private market. This impacted companies that later needed to go public, as sometimes their public valuation could leave reality, setting up later fundraising and pricing issues for the startup.

The index was a tool that helped SA国际传媒 News understand private companies, private companies on their way to going public, and public companies鈥攁ll at the same time.

Index 2.0

The new Cloud Index, properly known as the听“,” tracks a slightly amended set of companies.

Per , here’s how it was changed:

“There are a number of companies in the BVP Nasdaq Emerging Cloud Index that were not part of the BVP Cloud Index due to the new index鈥檚 refined eligibility requirements. For example, Adobe is included in the initial index given that it has masterfully transitioned to a cloud company, and 2018 cloud IPOs DocuSign, Dropbox, Zuora, and Zscaler have been included as well. Additionally, given the partnership with Nasdaq, we believe the new benchmark will be even more reflective of the sector鈥檚 performance as the index will be calculated on an equal-weighted basis and employ Nasdaq鈥檚 index maintenance and rebalancing standards.”

Don’t worry about the phrase “equal-weighted.” It just means that each company’s stock in the index has the same impact on the basket as any other. As a result, larger, more valuable companies don’t carry more heft.

Now here is the good and the bad.

• The good: The new Cloud Index updates in real-time. This is useful for you and I as it means that we don’t have to wait for bi-monthly updates to the Bessemer-provided chart.
• The bad:听Bessemer previously provided a set of useful metrics for the collected companies, such as cash flow and next year’s revenue divided by current enterprise value. Those figures were laid out with median, and mean numbers, and more. Now those features are gone. Now Bessemer nor the Nasdaq list the figures.

So now we have a far better cloud and SaaS public market pulse; however, the financial summations we will have to do ourselves. Nothing in life that is worth having is free. Or perhaps that’s not true, but it applies in this case.

奥别’惫别听cited the original听index just a few times over the past few quarters听and expect to keep it up. Happy charting, everyone!

Illustration:听s