V29 partners with exceptional founder-led businesses at the crossover moment — emerging as EBITDA-positive and ready for a minority stake that provides capital without surrendering control.
$35M+
Revenue
~$50M
Check Size
20–49%
Minority Stake
Sector Coverage
What We Do
The strongest founder-led businesses reach a point where the model is proven — profitable, growing, and beginning to attract institutional attention — but where a full sale or control transaction remains premature. We believe V29 is built for that moment. We provide minority capital that lets founders and early investors realize partial liquidity without relinquishing control of what they have built.
V29 takes 20% to 49% positions structured around the specific needs of each transaction. Where founders or early investors want liquidity, we can invest as secondary capital. Where the business needs fuel for the next phase, we can invest primary capital. Often the right answer is both. The structure follows the opportunity, not a fixed template.
Technology-enabled businesses are central to our focus, though we define that broadly. We are not necessarily looking for pure technology companies — we look for businesses where technology meaningfully shapes how the model competes, scales, or delivers value, creating genuine differentiation or operational advantage.
Investment Criteria
Revenue
$35M+
trailing twelve months
EBITDA
EBITDA+ Trajectory
Stake
20–49%
via secondary and/or primary
Check Size
~$50M
per transaction
Business Type
Technology-enabled businesses where technology plays a strategic role in the differentiation or competitive advantage of the business model.
Stage
Approaching or newly EBITDA-positive — companies within striking distance of their first profitable year, as well as those with one to two years of consistent profitability.
Ownership Profile
Founder-led; bootstrapped or backed by non-traditional capital providers incl. family offices, HNW individuals, venture capital or strategic investors.
Prior Institutional Capital
V29 expects institutional level rigor and governance but not traditional PE in the companies we invest in.
Sector Focus
Value-Based Care · Health Data · Commercial Pharma · Pharma Services
Digital Health · Care Enablement · Medical Devices
Tech-Enabled Consumer Businesses
Services Where Tech Is the Engine
Vertical & Horizontal SaaS
Where Technology Is Core to the Model
The V29 Collective
The V29 Collective is a network of senior operators, investors, and sector experts who join the deal team on an at-risk basis — compensated based on outcomes rather than retainers.
Aligned
Outcome-Based,
Not Retainer
Committed
Active,
Not Advisory
End-to-End
Sourcing
to Exit
Collective members are active connectors within their industries, surfacing proprietary opportunities from relationships a broad process cannot access. Compensation is tied to outcomes.
Senior operators and investors join the deal team at-risk through close, contributing diligence and commercial judgment.
Post-investment, Collective members stay engaged. They participate on boards, open doors, accelerate commercial relationships, and build toward the next institutional milestone alongside the management team.
Phase 01
Collective members are active connectors within their industries, surfacing proprietary opportunities from relationships a broad process cannot access. Compensation is tied to outcomes.
Phase 02
Senior operators and investors join the deal team at-risk through close, contributing diligence and commercial judgment.
Phase 03
Post-investment, Collective members stay engaged. They participate on boards, open doors, accelerate commercial relationships, and build toward the next institutional milestone alongside the management team.
For Founders
If you have built a meaningful, profitable business without institutional PE, we believe V29 is designed for the moment you want partial liquidity — achieving your objectives without surrendering control, pursuing a full sale, or partnering with a generalist firm that doesn't understand what you've built.
V29 takes 20–49%. You retain majority ownership and run the business on your terms. We are not a buyout firm.
A secondary transaction provides founder and early-backer liquidity. You don't have to sell everything to take chips off the table.
Our structure means a single entry on your cap table, not a syndicate with differing agendas.
Contact
If you are a founder exploring options or an intermediary with a deal that fits the V29 profile, we'd like to hear from you.