Cache Ventures, a bootstrapped venture studio, has announced a partnership with 360 Family Office and the launch of a private equity fund, kicking things off with its first acquisition, LeadOwl.
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Since 2013, Cache has been entirely self-funded. Founders Sean Heilweil and Jarrett Lusso began by building and launching Exit Monitor, which was acquired in August 2016 by Kaleidoscope Global. Their experience building, growing, and exiting the company inspired them to embark on a non-traditional route. As a venture studio, Cache set its sights on building an organization that aimed to repeatedly build new ideas. Thanks to existing infrastructure and resources, Cache Ventures has been able to increase its chances of success, as well as optimize for its ideation and the growth of new companies.
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The launch of this partnership allows Cache Ventures to expand its reach, accelerate growth, and move at a faster pace than before. Chief Investment Officer and General Counsel of 360 Family Office Raymond Lang said, “We’re excited to be a strategic investor and partner with Cache Ventures in the launching of the Cache Tech Fund. We see an incredible opportunity to create a marketplace of innovative e-commerce technology which is accelerating as the business world changes around us. We look forward to sharing our extensive business experience and financing resources.”
Regarding the partnership, co-founder and CEO of Cache Ventures Sean Heilweil said, “We have a history of scaling SaaS companies from zero to seven figures very quickly. With the launch of the fund, we’ll no longer be starting from zero. By infusing capital and adding our existing infrastructure, we will enable portfolio companies to realize their full potential while continuing to scale their revenue profitably. I’m excited to partner with Ray and the family office and begin this next chapter in our journey.”
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