Vista Equity Partners, Dispatch Investor
Vista Equity Partners (Vista) became an investor in Dispatch in September 2018 after being introduced to the company by another Dispatch investor, GrandBanks Capital. Vista is a leading global investment firm that is exclusively focused on enterprise software, data and technology-enabled businesses. This investment was made out of Vista’s Endeavor Fund, which works with emerging enterprise software companies that are poised for high-growth and offer mission-critical data and software solutions. The Vista Endeavor Fund helps emerging companies expand their product development and make a larger impact in the market they serve by allowing for sustainable growth.
Vista’s investment in Dispatch has helped enable the firm to further the reach of their existing home services and logistics services technologies. In 2019, Dispatch was ranked on the Inc. 5000 list in the top 10% of the fastest-growing companies in America. René Yang Stewart, Senior Managing Director and Co-Head of the Vista Endeavor Fund said of the investment, “We are thrilled to partner with the Dispatch team to help accelerate growth and continue to enhance the value they bring to home service providers. Dispatch has established a unique position in their ability to connect homeowners, enterprise brands, and service providers which creates a strong platform that we’re excited to help grow and innovate with the Dispatch team.”
Dispatch Chief Strategy Officer, Avi Goldberg, was enthusiastic about Vista backing the Boston-based technology company. He said, “Home service companies have long struggled to meet customer expectations. Companies like Uber and Amazon have raised the bar even further for how a business should interact with its customers. We started Dispatch to bring the same consumer-first technology to the home service market. We do so by seamlessly connecting brands, service providers, and homeowners together, creating a modern, interactive customer experience. This results in two things: happy homeowners and brands with deep insights into their service delivery networks. We’re excited to continue this mission, and specifically chose to partner with Vista because of their strong track record for growing successful SaaS companies around the world.”
About Vista Equity Partners
Vista Equity Partners was founded by Chairman and CEO Robert F. Smith in 2000. Through private equity, permanent capital, credit and public equity investment strategies, Vista creates customized strategies that will help its portfolio companies increase their customer bases, expand into new markets, and innovate new products and services. Hear more from Vista’s team on the Vista Equity Partners YouTube Channel.
Vista is committed to giving back to the communities in which employees live and work. The firm has invested in several long-term collaborations with organizations that provide educational opportunities for women, minorities and underserved communities. Vista partners include Girls Who Invest and Code.org among many others. Follow Vista on Instagram to learn more about the firm’s ongoing work to help create a better future through technology.