# LoneTree: portfolio, investments and team

> LoneTree is a growth equity based in United States. Portfolio, stages, co-investors and team.

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

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

# LoneTree

No observed cheques in the sources we track. That is a limit of our coverage, not a finding about this organisation.

Email

Unknown New fund $138M, Sept 2026 Growth equity

Growth Ai-enabled Software Financial Technology Specialty Finance

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

Cheques on record

**No rounds observed yet** A limit of the sources we read, not a finding about the firm.

Cheque size, as they say **$10M – $75M**

Pitch LoneTree

## What they do

> We provide the capital and operational expertise founders and operators need to drive their next stage of growth. From their own website

- **Type:** Growth equity
- **Cheque size:** $10M – $75M as they say
- **Stages:** Growth
- **Sectors:** Ai-enabled Software Financial Technology Specialty Finance
- **Based in:** New York, United States
- **Cold pitches:** Not accepted

## The record

No rounds observed yet. That is a limit of the sources we read, not a finding about the firm. If it has invested, a round will put it here. [Know a round it was in? Tell us](https://millionrounds.com/corrections?slug=lonetree).

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

MW **Matthew William Koven** Manager and President of LoneTree GP I, LLC. i Filing they signed

MW **Michael W Devine** Partner i Form ADV

RJ **Robert Jerold Payne Koven** Investor i Form ADV

We also hold **2** 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

**$229M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Lonetree Capital, LLC
- **SEC number:** CRD 321784

Funds on its Form ADV

**1** private fund, **$130M** in gross assets · filed Oct 2024

- LoneTree I, L.P. *Private equity* 70 investors $130M

## What they claim to have backed

From their own portfolio page (on their website)

**8** of 21 we have independently watched raise

[Accela](https://millionrounds.com/company/accela)[Adreima](https://millionrounds.com/company/adreima)[Balena](https://millionrounds.com/company/balena)[Carson](https://millionrounds.com/company/carson)[Irthsolutions](https://millionrounds.com/company/irth-solutions)[Microedge](https://millionrounds.com/company/microedge)[Navihealth](https://millionrounds.com/company/navihealth)[Zeomega](https://millionrounds.com/company/zeomega) Advsol Allpaid Arkatechture Bitesquad Buyersedgeplatform Docuphase Educationadvanced Keyhealth Limited Partners Onereach Safetyplus Synergypetgroup Truckstop

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$138M**

raised in Sept 2026

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

**Pitching LoneTree?** 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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## Quick answers about LoneTree

### What does LoneTree invest in?

LoneTree says it invests in Ai-enabled Software, Financial Technology and Specialty Finance.

### How big are LoneTree's cheques?

It says it writes cheques of $10M to $75M.

### Is LoneTree investing now?

No investments in the last 12 months.

### What kind of investor is LoneTree?

LoneTree is a growth equity firm based in New York, United States.

### How much does LoneTree manage?

About $229M, as regulatory assets under management (Oct 2026).

### Has LoneTree raised a new fund?

Its latest fund filing with the SEC was in Sept 2026, reporting $138M raised.

### Where does this information on LoneTree come from?

From public registers and its own website, checked and rebuilt every night.

## Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=lonetree) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=lonetree)