# Apax Partners: portfolio, investments and team

> Apax Partners is a private equity based in United Kingdom. 102 investments on record, latest Jan 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/apax-partners (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# Apax Partners

Filed with the SEC to raise a fund in May 2026, closing $8M. Last cheque observed Jan 2019.

Email

Quiet New fund $8.1M, May 2026 Private equity

Seed Series A Series B Tech Services Internet

Follow Apax Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fapax-partners)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 102 on record

Since the last cheque **2845** days **00** hrs **00** min **00** sec

Median round **$200M** Cheque size, as they say **$1.0M – $30M** Rounds led **0 of 102** Sole investor **14 rounds** Exits **34 from the portfolio** Mostly in **United States, 73%**

Pitch Apax Partners

## Apax Partners highlights

- 01 102 rounds on record
- 02 Mostly Venture and Series C: 61% of its rounds
- 03 Sole investor in 14 rounds, median $12M
- 04 34 exits from the portfolio

## What they do

> Apax is a leading global private equity advisory firm. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** $1.0M – $30M as they say
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Tech Services Internet
- **Based in:** London, United Kingdom
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **102 appearances**

- **2019** 1 round
- **Jan** **[Fractal Analytics](https://millionrounds.com/company/fractal-analytics)** IN · VentureBeat **$200M** With 2 others
- **2015** 2 rounds
- **Oct** **[Zensar Technologies Ltd.](https://millionrounds.com/company/zensar-technologies-ltd)** IN **Undisclosed** Sole investor
- **Sept** **[Ideal Protein](https://millionrounds.com/company/ideal-protein)** Venture · CA **Undisclosed** Sole investor
- **2014** 3 rounds
- **Dec** **[VOCALCOM](https://millionrounds.com/company/vocalcom)** Growth · FR **$50M** Sole investor
- **Sept** **[Traxpay](https://millionrounds.com/company/traxpay)** Series B · DE **$15M** With 5 others
- **Aug** **[DEONTICS](https://millionrounds.com/company/deontics)** Seed · GB **$1.2M** Sole investor
- **2010** 1 round
- **Jan** **[Innovalight](https://millionrounds.com/company/innovalight)** Series D · US · finsmes.com **$18M** With 7 others
- **2009** 7 rounds
- **Nov** **[Plex Systems](https://millionrounds.com/company/plex-systems)** Venture · US · news-medical.net **$6.0M** Sole investor
- **Oct** **[Innovalight](https://millionrounds.com/company/innovalight)** Venture · US · deals.venturebeat.com **$15M** With 6 others
- **Oct** **[The NewsMarket](https://millionrounds.com/company/the-newsmarket)** Venture · US · paidcontent.org **$4.3M** With 3 others
- **Aug** **[Cadent](https://millionrounds.com/company/cadent)** Venture · US · freshnews.com **$15M** With 4 others
- **Aug** **[Cadent](https://millionrounds.com/company/cadent)** Venture · US **$19M** With 4 others
- **Apr** **[Aerovance](https://millionrounds.com/company/aerovance)** Venture · US · venturebeat.com **$38M** With 7 others
- **Mar** **[Transera Communications](https://millionrounds.com/company/transera-communications)** Series D · US · pehub.com **$17M** With 3 others
- **2008** 3 rounds
- **Jul** **[Mobixell Networks](https://millionrounds.com/company/mobixell-networks)** Series A · US · alleyinsider.com **$6.0M** With 2 others
- **Apr** **[Corvil](https://millionrounds.com/company/corvil)** Venture · US · corvil.com **$12M** With 2 others
- **Apr** **[Tideway](https://millionrounds.com/company/tideway)** Series C · GB · businesswire.com **$27M** With 1 other
- **2007** 10 rounds
- **Oct** **[mFoundry](https://millionrounds.com/company/mfoundry)** Series C · US · venturebeat.com **$15M** With 5 others
- **Oct** **[Innovalight](https://millionrounds.com/company/innovalight)** Series C · US **$28M** With 6 others
- **Sept** **[Canesta](https://millionrounds.com/company/canesta)** Venture · US · thealarmclock.com **$10M** With 5 others
- **Sept** **[VoodooVox](https://millionrounds.com/company/voodoovox)** Series D · US · venturebeat.com **$8.1M** With 3 others
- **Jul** **[Xanodyne](https://millionrounds.com/company/xanodyne)** Series A · US **$25M** With 5 others
- **Mar** **[Digital Fuel](https://millionrounds.com/company/digital-fuel)** Series E · US · deals.venturebeat.com **$5.0M** With 3 others
- **Mar** **[Aerovance](https://millionrounds.com/company/aerovance)** Series C · US · deals.venturebeat.com **$60M** With 5 others
- **Mar** **[CoreValve](https://millionrounds.com/company/corevalve)** Series C · US **$33M** With 3 others
- **Mar** **[Digital Fuel Technologies](https://millionrounds.com/company/digital-fuel-technologies)** Series C · US **$5.0M** With 3 others
- **Jan** **[Frontier Silicon](https://millionrounds.com/company/frontier-silicon)** Venture · GB · frontier-silicon.com **$31M** With 7 others
- **2006** 9 rounds
- **Dec** **[Solid Information Technology](https://millionrounds.com/company/solid-information-technology)** Venture · US **$5.2M** With 1 other
- **Nov** **[Neurotech](https://millionrounds.com/company/neurotech)** Series B · US · neurotechusa.com **$35M** With 11 others
- **Nov** **[Transera Communications](https://millionrounds.com/company/transera-communications)** Series C · US · venturebeat.com **$10M** With 2 others
- **Sept** **[Sonim Technologies](https://millionrounds.com/company/sonim-technologies)** Venture · US · venturebeat.com **$8.0M** With 4 others
- **Sept** **[Mobixell Networks](https://millionrounds.com/company/mobixell-networks)** Venture · US · mobixell.com **$8.0M** With 5 others
- **Sept** **[Handmark](https://millionrounds.com/company/handmark)** Series B · US · handmark.com **$5.0M** With 4 others
- **Mar** **[mFoundry](https://millionrounds.com/company/mfoundry)** Series B · US · allbusiness.com **$7.3M** With 2 others
- **Mar** **[The Learning Annex](https://millionrounds.com/company/the-learning-annex)** Venture · US **Undisclosed** Sole investor
- **Jan** **[DxO Labs](https://millionrounds.com/company/dxo-labs)** Series A · FR **$13M** With 6 others
- **2005** 19 rounds
- **Dec** **[Red-M Group](https://millionrounds.com/company/red-m-group)** Venture · GB **$9.6M** With 3 others
- **Nov** **[Perfect Commerce](https://millionrounds.com/company/perfect-commerce)** Venture · US · tjacobi.com **$30M** With 10 others
- **Oct** **[Lorantis](https://millionrounds.com/company/lorantis)** Series C · GB **$44M** With 5 others
- **Oct** **[Synaptic Digital](https://millionrounds.com/company/synaptic-digital)** Series C · US · paidcontent.org **$5.0M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **23 named**

AG **Andrew Guille** Of the General Partner of the GP. i Filing they signed

AP **Andrew Paul Sillitoe** Co-CEO / Partner i Form ADV

AV **Ashish Vilas Karandikar** Partner i Form ADV

BP **Bharat Patel** Global Head of Finance i Form ADV

DS **David Staples** Of the General Partner of the GP. i Filing they signed

DM **Dr. Martin Halusa** Of the General Partner of the GP. i Filing they signed

FE **Frank Ehmer** Partner i Form ADV

GC **Gabriele Cipparrone** Partner i Form ADV

JA **Jason A Wright** Partner i Form ADV

JZ **Jon Zindel** Independent Director i Filing they signed

MH **Martin Halusa** Of the General Partner of the GP. i Filing they signed

ML **Mitchell Loeb Truwit** Chief Executive Officer of Apax Helix US Fund L.P. i Filing they signed

MT **Mitchell Tanzman** Independent Director i Filing they signed

NA **Nicholas Alan Hartman** Partner i Form ADV

NK **Nick Kershaw** Of the General Partner of the GP. i Filing they signed

RG **Ralf Gruss** COO i Form ADV

RH **Rohan Haldea** Partner i Form ADV

RM **Roy Mackenzie** Director i Filing they signed

SN **Salim Nathoo** Partner i Form ADV

SM **Sarah Mary Butcher** Chief Compliance Officer i Form ADV

SB **Simon Bernard Cresswell** Of the General Partner of the GP. i Filing they signed

SL **Steven Lewis Dyson** Partner i Form ADV

TL **Trina Le Noury** Of the General Partner of the GP. i Filing they signed

We also hold **107** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$28B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** APAX Partners LLP
- **SEC number:** CRD 157111

Who backs their funds

## 4 LPs on record in Apax Partners's funds

- **Committed:** $4.2B
- **Funds:** 14
- **Vintages:** 1999 to 2024

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Jun 2026.

- [**Washington State Investment Board** 7 funds *$1.6B*](https://millionrounds.com/fund/washington-state-investment-board) Fund Vintage Committed Apax XI 2024 $300M Apax X 2020 $350M Apax IX USD 2017 $250M Apax VIII 2012 $255M Apax Europe VII-A 2007 $159M Apax Europe V-A 2001 $112M Apax Europe IV-A 1999 $169M
- [**California State Teachers Retirement System** 5 funds *$1.4B*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed Apax XI USD 2024 $150M Apax X USD 2020 $250M Apax IX USD 2017 $300M Apax Europe VII 2007 $446M Apax Europe VI - A 2005 $293M
- [**Minnesota State Board of Investments** 4 funds *$600M*](https://millionrounds.com/fund/minnesota-state-board-of-investments) Fund Vintage Committed Apax XI 2022 $100M Apax X USD 2019 $150M Apax IX USD 2016 $150M APAX VIII 2013 $200M
- [**Oregon Public Employees Retirement Fund** 3 funds *$600M*](https://millionrounds.com/fund/oregon-public-employees) Fund Vintage Committed Apax IX 2016 $250M Apax VIII USD 2012 $150M Apax Europe VII 2007 $200M

## Exits from the portfolio

Companies it backed that were later bought or listed **34 in all**

**[King.com](https://millionrounds.com/company/king-com)** Bought by Activision Blizzard **$5.9B** Nov 2015

**[Traxpay](https://millionrounds.com/company/traxpay)** Bought by [Main Incubator](https://millionrounds.com/fund/main-incubator) **Undisclosed** Sept 2014

**[Peregrine Semiconductor](https://millionrounds.com/company/peregrine-semiconductor)** Bought by [Murata Manufacturing](https://millionrounds.com/fund/murata-manufacturing) **$471M** Aug 2014

**[Mobixell Networks](https://millionrounds.com/company/mobixell-networks)** Bought by Flash Networks **$15M** Jan 2014

**[Accumetrics](https://millionrounds.com/company/accumetrics)** Bought by [ITC](https://millionrounds.com/fund/itc) **Undisclosed** Aug 2013

**[Arkadin](https://millionrounds.com/company/arkadin)** Bought by Nippon Telegraph and Telephone Corporation **Undisclosed** Aug 2013

**[Composite Software](https://millionrounds.com/company/composite-software)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **$180M** Jun 2013

**[Handmark](https://millionrounds.com/company/handmark)** Bought by [Sprint Nextel](https://millionrounds.com/fund/sprint-nextel) **Undisclosed** May 2013

**[mFoundry](https://millionrounds.com/company/mfoundry)** Bought by [FIS](https://millionrounds.com/fund/fis-impact-ventures) **$165M** Mar 2013

**[Intercell](https://millionrounds.com/company/intercell)** Bought by Vivalis **Undisclosed** Dec 2012

**[SkinMedica](https://millionrounds.com/company/skinmedica)** Bought by [Allergan](https://millionrounds.com/fund/allergan) **Undisclosed** Nov 2012

**[Synaptic Digital](https://millionrounds.com/company/synaptic-digital)** Bought by Definition 6 **Undisclosed** Sept 2012

**[Q-Cells](https://millionrounds.com/company/q-cells)** Bought by Hanwha SolarOne **$1.2M** Aug 2012

**[Red-M Group](https://millionrounds.com/company/red-m-group)** Bought by Team Telecom Group **Undisclosed** Mar 2012

**[VoodooVox](https://millionrounds.com/company/voodoovox)** Bought by Call Genie **Undisclosed** Dec 2011

**[BlueArc](https://millionrounds.com/company/bluearc)** Bought by [Hitachi](https://millionrounds.com/fund/hitachi) **Undisclosed** Sept 2011

**[Innovalight](https://millionrounds.com/company/innovalight)** Bought by DuPont **Undisclosed** Jul 2011

**[Digital Fuel](https://millionrounds.com/company/digital-fuel)** Bought by [VMware](https://millionrounds.com/fund/vmware) **$85M** Jun 2011

**[Cadent](https://millionrounds.com/company/cadent)** Bought by [Align Technology](https://millionrounds.com/fund/align-technology) **Undisclosed** Mar 2011

**[Canesta](https://millionrounds.com/company/canesta)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Oct 2010

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**Go Global Travel** **Undisclosed** Aug 2017

**Fullbeauty Brands** **Undisclosed** Aug 2015

**AssuredPartners** **Undisclosed** Jul 2015

**RFS Holland Holding** **Undisclosed** Jul 2015

**Quality Distribution** **$800M** May 2015

**Azelis** **Undisclosed** Feb 2015

**Evry** **Undisclosed** Dec 2014

**Exact** **$930M** Oct 2014

**[Answers Corporation](https://millionrounds.com/company/answers-corporation)** **Undisclosed** Aug 2014

**GENEX Services** **Undisclosed** Jun 2014

**Sophos** **$830M** May 2010

**Bankrate** **$571M** Jul 2009

New fund on file

**$8.1M**

raised in May 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$200M** the round, not its cheque Alone, median **$12M**

Led 0 of 102 rounds **0%**

- **Said size:** $1.0M – $30M
- **Sole investor:** 14 rounds
- **Last cheque:** Jan 2019
- **Exits:** 34 from the portfolio

Rounds by stage said on their site

- Venture *36*
- Series C *23*
- Series B said *18*
- Series A said *12*
- Series D *5*
- Series E *3*
- Seed said *-*

Cheques by year Led Joined

2000 2019

Often in the room with

- [Sevin Rosen Funds](https://millionrounds.com/fund/sevin-rosen-funds) 5
- [Star Ventures](https://millionrounds.com/fund/star-ventures) 5
- [ACT Venture Capital](https://millionrounds.com/fund/unique-lifestyle-homes-limited) 4
- [Accel](https://millionrounds.com/fund/accel) 4
- [Alta Partners](https://millionrounds.com/fund/alta-partners) 4
- [Auriga Partners](https://millionrounds.com/fund/auriga-partners) 4

**Pitching Apax Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Apax Partners. A count of rooms they were both in, not a relationship either has claimed.

[**Sevin Rosen Funds** VC firm **5** rounds together](https://millionrounds.com/fund/sevin-rosen-funds)[**Star Ventures** Growth equity **5** rounds together](https://millionrounds.com/fund/star-ventures)[**ACT Venture Capital** VC firm **4** rounds together](https://millionrounds.com/fund/unique-lifestyle-homes-limited)[**Accel** VC firm **4** rounds together](https://millionrounds.com/fund/accel)[**Alta Partners** VC firm **4** rounds together](https://millionrounds.com/fund/alta-partners)[**Auriga Partners** VC firm **4** rounds together](https://millionrounds.com/fund/auriga-partners)[**Benchmark** VC firm **4** rounds together](https://millionrounds.com/fund/benchmark)[**Domain Associates** VC firm **4** rounds together](https://millionrounds.com/fund/domain-associates)[**Harris & Harris Group** Growth equity **4** rounds together](https://millionrounds.com/fund/harris-and-harris-group)[**HealthCap** VC firm **4** rounds together](https://millionrounds.com/fund/healthcap)[**Intel Capital** Corporate VC **4** rounds together](https://millionrounds.com/fund/intel-capital)[**JP Morgan** Investment bank **4** rounds together](https://millionrounds.com/fund/jpmorgan)

## Recently backed

The latest companies Apax Partners put money into.

[**Fractal Analytics** $200M · Jan 2019](https://millionrounds.com/company/fractal-analytics)

## Mentioned on podcasts

Episodes that name Apax Partners in their description, not their title.

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 26 Nov 2025 · 23 min High-Growth Tech Investor: Apax Digital’s Dave Evans With [Dave Evans](https://millionrounds.com/person/dave-evans) Mentions [Apax Partners](https://millionrounds.com/fund/apax-partners)[Duke University](https://millionrounds.com/fund/duke-university) Apple PodcastsShow page
- [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 4 Apr 2024 · 48 min Lessons from a leading operator: Growing ECi Software Solutions to $500M revenue and $200M EBITDA with Net Health CEO & Carlyle Operating Partner Ron Books Mentions [Apax Partners](https://millionrounds.com/fund/apax-partners)[Leonard Green](https://millionrounds.com/person/leonard-green) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 31 Mar 2023 · 58 min 20VC: The Secret to Negotiating; Making $50BN for Yahoo on Alibaba | Why Everything You Know About Hiring is Wrong; Domain Knowledge and Past Experience are Dangerous | The Next 10 Years for Fintech; Winners, Losers and Crypto with Jackie Reses, CEO @ Lea With [Jackie Reses](https://millionrounds.com/person/jackie-reses) Mentions [Alibaba Group](https://millionrounds.com/fund/alibaba-group)[Apax Partners](https://millionrounds.com/fund/apax-partners)[Endeavor](https://millionrounds.com/fund/endeavor) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 23 May 2022 · 44 min 20VC: Oren Zeev on Raising 3 Funds and $1BN in 12 Months; Why Temporal Diversification is BS, Why Both LPs and GPs are Way Over-Diversified & Why Venture Partnerships are Sub-Optimal and Challenging With [Oren Zeev](https://millionrounds.com/person/oren-zeev) Mentions [Apax Partners](https://millionrounds.com/fund/apax-partners)[Zeev Ventures](https://millionrounds.com/fund/zeev-ventures) Apple PodcastsShow page
- [Money Maze Podcast](https://millionrounds.com/podcasts/money-maze) 4 Nov 2021 · 39 min Sir Ronald Cohen: From Venture Capital and Private Equity to Impact Investing: A Conversation with the Man Who Leads The Charge! [REPLAY] Mentions [Ronald Cohen](https://millionrounds.com/fund/ronald-cohen)[Apax Partners](https://millionrounds.com/fund/apax-partners) Apple PodcastsShow page

## Quick answers about Apax Partners

### What does Apax Partners invest in?

Apax Partners invests most often at Venture and Series C (61% of the rounds on record), in sectors such as Tech, Services and Internet.

### How active is Apax Partners?

102 investments on record, 0 of them in the last 12 months. The most recent was in Jan 2019.

### What has Apax Partners invested in recently?

Its most recent investments on record: Fractal Analytics (Undisclosed round, Jan 2019).

### How big are Apax Partners's cheques?

The median round it joins is $200M. It says it writes cheques of $1.0M to $30M.

### Does Apax Partners lead rounds?

Rarely, if at all: none of its 102 investments on record names it as the lead.

### Where does Apax Partners invest?

Most of the companies it backs are in the United States (73%), the United Kingdom (13%) and India (5%).

### Is Apax Partners investing now?

No investments in the last 12 months; the latest was in Jan 2019.

### Who does Apax Partners invest alongside?

Most often Sevin Rosen Funds (5 rounds together), Star Ventures (5 rounds together) and ACT Venture Capital (4 rounds together).

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