# Split Rock Partners: portfolio, investments and team

> Split Rock Partners is a vc firm based in United States. 78 investments on record, latest Aug 2019. Portfolio, stages, co-investors and team.

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

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

# Split Rock Partners

Last cheque observed Aug 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet VC firm

Seed Series A Series B Recurring Mental Health Healthtech

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 78 on record

Since the last cheque **2620** days **00** hrs **00** min **00** sec

Median round **$30M** Rounds led **0 of 78** Sole investor **5 rounds** Exits **18 from the portfolio** Mostly in **United States, 100%**

Pitch Split Rock Partners

## Split Rock Partners highlights

- 01 78 rounds on record
- 02 Mostly Series B and Series A: 43% of its rounds
- 03 Sole investor in 5 rounds, median $5.8M
- 04 18 exits from the portfolio

## What they do

> Split Rock Partners invests in leading software, Internet services, and healthcare companies. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Recurring Mental Health Healthtech
- **Based in:** Eden Prairie, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **78 appearances**

- **2019** 2 rounds
- **Aug** **[EBR Systems](https://millionrounds.com/company/ebr-systems)** US · FinSMEs **$30M** With 4 others
- **Feb** **[Nuvaira](https://millionrounds.com/company/nuvaira)** US · FinSMEs **$79M** With 9 others
- **2017** 2 rounds
- **Oct** **[TruSignal](https://millionrounds.com/company/trusignal)** Series A · US · FinSMEs **$5.0M** With 2 others
- **May** **[Demandbase](https://millionrounds.com/company/demandbase)** US · FinSMEs **$65M** With 6 others
- **2016** 1 round
- **Jul** **[Gravie](https://millionrounds.com/company/gravie)** Series C · US · FinSMEs **$14M** With 2 others
- **2015** 5 rounds
- **Oct** **[Code42](https://millionrounds.com/company/code42)** Series B · US **$85M** With 3 others
- **Sept** **[Acquia](https://millionrounds.com/company/acquia)** Series G · US **$55M** With 2 others
- **Jul** **[InsideView](https://millionrounds.com/company/insideview)** Growth · US **$33M** With 4 others
- **Apr** **[Gravie](https://millionrounds.com/company/gravie)** Series B · US **$13M** With 2 others
- **Jan** **[Sparkcentral](https://millionrounds.com/company/sparkcentral)** Series B · US **$12M** Sole investor
- **2014** 7 rounds
- **Oct** **[VoloMetrix](https://millionrounds.com/company/volometrix)** Series B · US **$12M** With 2 others
- **Sept** **[Zyga Technology](https://millionrounds.com/company/zyga-technology)** Series D · US **$2.0M** With 3 others
- **Sept** **[Black Duck Software](https://millionrounds.com/company/black-duck-software)** Series F · US **$20M** With 7 others
- **Jul** **[EBR Systems](https://millionrounds.com/company/ebr-systems)** Venture · US **$20M** With 5 others
- **May** **[Acquia](https://millionrounds.com/company/acquia)** Series F · US **$50M** With 5 others
- **Apr** **[Holaira](https://millionrounds.com/company/holaira)** Series D · US **$42M** With 5 others
- **Feb** **[Intacct](https://millionrounds.com/company/intacct)** Series G · US **$30M** With 5 others
- **2013** 7 rounds
- **Sept** **[Guardian Analytics](https://millionrounds.com/company/guardian-analytics)** Series E · US · sec.gov **$12M** With 3 others
- **Aug** **[InsideView](https://millionrounds.com/company/insideview)** Series D · US · techcrunch.com **$17M** With 3 others
- **Jun** **[Vormetric](https://millionrounds.com/company/vormetric)** Venture · US · finsmes.com **$15M** With 3 others
- **Jun** **[Colorescience](https://millionrounds.com/company/colorescience)** Series A · US · pevc.dowjones.com **$10M** With 1 other
- **Feb** **[Innovative Pulmonary Solutions](https://millionrounds.com/company/innovative-pulmonary-solutions)** Series C · US · finsmes.com **$10M** With 3 others
- **Jan** **[Janrain](https://millionrounds.com/company/janrain)** Series C · US · techcrunch.com **$33M** With 7 others
- **Jan** **[Nexxo Financial](https://millionrounds.com/company/nexxo-financial)** Series F · US · sec.gov **$3.7M** With 1 other
- **2012** 10 rounds
- **Oct** **[Intacct](https://millionrounds.com/company/intacct)** Venture · US · techcrunch.com **$14M** With 5 others
- **Sept** **[Innovative Pulmonary Solutions](https://millionrounds.com/company/innovative-pulmonary-solutions)** Venture · US · pevc.dowjones.com **$11M** With 3 others
- **Jul** **[Histogenics](https://millionrounds.com/company/histogenics)** Series A · US · masshightech.com **$49M** With 2 others
- **Jul** **[Histogenics](https://millionrounds.com/company/histogenics)** Series C · US **$49M** With 2 others
- **May** **[Zyga Technology](https://millionrounds.com/company/zyga-technology)** Series C · US · pevc.dowjones.com **$25M** With 3 others
- **Apr** **[DFine](https://millionrounds.com/company/dfine)** Venture · US **$1.8M** Sole investor
- **Feb** **[Cayenne Medical](https://millionrounds.com/company/cayenne-medical)** Venture · US · bizjournals.com **$10M** With 3 others
- **Jan** **[BlueKai](https://millionrounds.com/company/bluekai)** Series D · US **$15M** With 3 others
- **Jan** **[Code42](https://millionrounds.com/company/code42)** Series A · US · techcrunch.com **$53M** With 1 other
- **Jan** **[Transcend Medical](https://millionrounds.com/company/transcend-medical)** Series B · US · onbiovc.com **$16M** With 8 others
- **2011** 8 rounds
- **Nov** **[DFine](https://millionrounds.com/company/dfine)** Venture · US · finsmes.com **$25M** With 4 others
- **Oct** **[Black Duck Software](https://millionrounds.com/company/black-duck-software)** Series E · US · masshightech.com **$12M** With 9 others
- **Sept** **[RF Surgical Systems](https://millionrounds.com/company/rf-surgical-systems)** Venture · US · finsmes.com **$12M** With 2 others
- **Aug** **[Entellus Medical](https://millionrounds.com/company/entellus-medical)** Series E · US · finsmes.com **$35M** With 4 others
- **Jun** **[Guardian Analytics](https://millionrounds.com/company/guardian-analytics)** Series D · US · sec.gov **$14M** With 2 others
- **Jun** **[Intacct](https://millionrounds.com/company/intacct)** Venture · US · pr-inside.com **$12M** With 4 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 **3 named**

DW **David W Stassen** Manager i Form ADV

JR **James R Simons** Manager i Form ADV

MB **Michael Brian Gorman** Manager i Form ADV

We also hold **6** 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

**$87M** gross assets of its funds Oct 2026

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

- **Legal name:** Split ROCK Partners, LLC
- **SEC number:** CRD 161766

Who backs their funds

## 1 LP on record in Split Rock Partners's funds

- **Committed:** $110M
- **Funds:** 2
- **Vintages:** 2005 to 2008

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

- [**Minnesota State Board of Investments** 2 funds *$110M*](https://millionrounds.com/fund/minnesota-state-board-of-investments) Fund Vintage Committed Split Rock Partners II 2008 $60M Split Rock Partners 2005 $50M

## Exits from the portfolio

Companies it backed that were later bought or listed **18 in all**

**[Vormetric](https://millionrounds.com/company/vormetric)** Bought by Thales e-Security **$400M** Oct 2015

**[VoloMetrix](https://millionrounds.com/company/volometrix)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **$250M** Sept 2015

**[RF Surgical Systems](https://millionrounds.com/company/rf-surgical-systems)** Bought by [Medtronic](https://millionrounds.com/fund/medtronic) **$235M** Jul 2015

**[Vendavo](https://millionrounds.com/company/vendavo)** Bought by [Francisco Partners](https://millionrounds.com/fund/francisco-partners) **Undisclosed** Oct 2014

**[Nexxo Financial](https://millionrounds.com/company/nexxo-financial)** Bought by [MoneyGram International](https://millionrounds.com/fund/moneygram-international) **Undisclosed** Sept 2014

**[Caring.com](https://millionrounds.com/company/caring-com)** Bought by Bankrate **$54M** May 2014

**[8thBridge](https://millionrounds.com/company/8thbridge)** Bought by [Fluid](https://millionrounds.com/fund/fluid) **Undisclosed** Apr 2014

**[BlueKai](https://millionrounds.com/company/bluekai)** Bought by [Oracle Corporation](https://millionrounds.com/fund/oracle) **Undisclosed** Feb 2014

**[Xora, Inc.](https://millionrounds.com/company/xora-inc)** Bought by ClickSoftware Technologies **$15M** Feb 2014

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

**[MyNewPlace](https://millionrounds.com/company/mynewplace)** Bought by [RealPage](https://millionrounds.com/fund/realpage) **$74M** Aug 2011

**[Amcom Software](https://millionrounds.com/company/amcom-software)** Bought by USA Mobility **$163M** Mar 2011

**[Atritech](https://millionrounds.com/company/atritech)** Bought by [Boston Scientific](https://millionrounds.com/fund/boston-scientific) **$375M** Jan 2011

**[Ardian](https://millionrounds.com/company/ardian)** Bought by [Medtronic](https://millionrounds.com/fund/medtronic) **$800M** Nov 2010

**[BigFix](https://millionrounds.com/company/bigfix)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **Undisclosed** Jul 2010

**[Evalve](https://millionrounds.com/company/evalve)** Bought by [Abbott Labs](https://millionrounds.com/fund/abbott-labs) **$410M** Sept 2009

**[Gearworks](https://millionrounds.com/company/gearworks)** Bought by Xora, Inc. **Undisclosed** Aug 2009

**[Compete](https://millionrounds.com/company/compete)** Bought by Taylor Nelson Sofres **$150M** Mar 2008

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

## The cheque

Seed Series A Series B

Median round joined **$30M** the round, not its cheque Alone, median **$5.8M**

Led 0 of 78 rounds **0%**

- **Sole investor:** 5 rounds
- **Last cheque:** Aug 2019
- **Exits:** 18 from the portfolio

Rounds by stage said on their site

- Series B said *15*
- Series A said *14*
- Series C *12*
- Venture *12*
- Series D *9*
- Series E *6*
- Seed said *-*

Cheques by year Led Joined

2005 2019

Often in the room with

- [Morgenthaler Ventures](https://millionrounds.com/fund/morgenthaler) 11
- [SV Life Sciences](https://millionrounds.com/fund/sv-life-sciences) 7
- [Versant Ventures](https://millionrounds.com/fund/versant-ventures) 7
- [Sigma Partners](https://millionrounds.com/fund/sigma-partners) 6
- [Advanced Technology Ventures](https://millionrounds.com/fund/advanced-technology-ventures) 5
- [Emergence](https://millionrounds.com/fund/emergence-capital-partners) 5

**Pitching Split Rock 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 Split Rock Partners. A count of rooms they were both in, not a relationship either has claimed.

[**Morgenthaler Ventures** VC firm **11** rounds together](https://millionrounds.com/fund/morgenthaler)[**SV Life Sciences** VC firm **7** rounds together](https://millionrounds.com/fund/sv-life-sciences)[**Versant Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/versant-ventures)[**Sigma Partners** VC firm **6** rounds together](https://millionrounds.com/fund/sigma-partners)[**Advanced Technology Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/advanced-technology-ventures)[**Emergence** VC firm **5** rounds together](https://millionrounds.com/fund/emergence-capital-partners)[**MB Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/mb-venture-partners)[**New Enterprise Associates** VC firm **5** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Sutter Hill Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/sutter-hill-ventures)[**BlueStream Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/bluestream-ventures)[**DCM Ventures** Private equity **4** rounds together](https://millionrounds.com/fund/dcm-ventures)[**Delphi Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/delphi-ventures)

## Recently backed

The latest companies Split Rock Partners put money into.

[**EBR Systems** $30M · Aug 2019](https://millionrounds.com/company/ebr-systems)[**TruSignal** $5.0M · Oct 2017](https://millionrounds.com/company/trusignal)[**Demandbase** $65M · May 2017](https://millionrounds.com/company/demandbase)[**Gravie** $14M · Jul 2016](https://millionrounds.com/company/gravie)

## Quick answers about Split Rock Partners

### What does Split Rock Partners invest in?

Split Rock Partners invests most often at Series B and Series A (43% of the rounds on record), in sectors such as Recurring, Mental Health and Healthtech.

### How active is Split Rock Partners?

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

### What has Split Rock Partners invested in recently?

Its most recent investments on record: EBR Systems (Undisclosed round, Aug 2019), Nuvaira (Undisclosed round, Feb 2019) and TruSignal (Series A, Oct 2017).

### How big are Split Rock Partners's cheques?

The median round it joins is $30M.

### Does Split Rock Partners lead rounds?

Rarely, if at all: none of its 78 investments on record names it as the lead.

### Where does Split Rock Partners invest?

Most of the companies it backs are in the United States (100%).

### Is Split Rock Partners investing now?

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

### Who does Split Rock Partners invest alongside?

Most often Morgenthaler Ventures (11 rounds together), SV Life Sciences (7 rounds together) and Versant Ventures (7 rounds together).

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