FEBRUARY SPOTLIGHT
Maxime Seguineau
Managing Partner
FIRM OVERVIEW
Raido invests in technology companies powering the financial domain, including analytics, banking, CFO stack, compliance, insurance, payments, trading, and wealth management.
Firm Profile
Formed in 2021
NYC, Austin, San Francisco
Technology Investor
Areas of Focus
Bootstraps
Carve-Outs
Venture-Backed
Investment Criteria
Proven Leadership
Established Revenue
Strong Customer Base
Clear Path to EBITDA
Q&A with Maxime Seguineau
What’s the firm’s origin story?
Raido Capital Partners was founded by two experienced operators who began their careers by co-founding an enterprise software company that was ultimately acquired by Adobe. Drawing from their entrepreneurial journey, the partners built Raido as a “by operators, for operators” investment firm, uniquely positioned to understand the challenges and opportunities faced by technology companies. Their vision was to address a significant gap in the market for financial domain technology businesses by not just providing capital but also delivering hands-on operational support. Leveraging a proprietary network to source and structure deals, Raido is committed to helping portfolio companies achieve sustainable, long-term growth while maintaining a disciplined focus on capital efficiency.
What is your investment thesis or value proposition?
Raido Capital Partners invests in companies powering the financial domain with innovative technologies and tools that improve business processes, mitigate operational risks, and drive incremental growth. The firm is committed to creating value by balancing growth with capital efficiency.
Raido’s philosophy emphasizes building strong partnerships with management teams focused on profitability and optimization, not just hypergrowth. This approach ensures a clear path to profitability and sustainable enterprise value creation. Raido’s operational augmentation post-investment further enhances its value proposition, helping businesses unlock new levels of performance and efficiency.
Any notable differentiators for the firm?
Raido stands out in the market through its combination of domain expertise, disciplined investment approach, and robust network:
- Domain Expertise: With a focus on fintech subsectors like analytics, banking, compliance, payments, and trading, Raido has a deep understanding of the evolving financial domain.
- Balanced Approach: Unlike many growth-focused investors, Raido prioritizes sustainable growth and capital efficiency, ensuring businesses achieve profitability without sacrificing long-term potential.
- Deployment Discipline: Raido aligns stakeholder interests through structured investments or control, coupled with achievable performance objectives, offering strong investor protection.
- Advisor Network: Raido’s extended team of advisors brings expertise from household names in fintech, private equity, banking, and enterprise software, providing unmatched operational and strategic support.
What are you looking for, and where are you seeing opportunities?
Raido Capital Partners targets investments in the lower middle market, focusing on two categories:
- Established Companies: Businesses with $10–25M in revenue, moderate growth (up to 50%), and strong unit economics (e.g., >80% gross retention, >60% gross margins). These companies should exhibit capital efficiency with a clear path to profitability within 12 months.
- Emerging Companies: High-growth companies ($1–10M in revenue, >50% growth) with repeatable sales patterns and a roadmap to profitability within 24 months.
Raido is particularly interested in opportunities in analytics, banking, CFO tools, compliance, payments, trading, and wealth management—sectors where new technologies are enabling efficiency, reducing risks, and driving growth.
By combining minority structured growth equity investments, majority buyouts, and add-on acquisitions, Raido seeks to partner with businesses that align with its commitment to building optimized, profitable organizations.
Finally, can you regale us with an interesting or funny M&A story?
Underwriting deals often gives us a deep dive into a company’s detailed financials and accounting information—sometimes uncovering unexpected surprises. In one memorable instance, during our due diligence, we noticed a peculiar line item under company expenses. Upon closer inspection, we discovered that an executive had been charging the company for veterinarian services for Rodney, his pet llama. While it provided a good laugh in hindsight, it also served as a valuable reminder of the importance of thorough financial oversight and aligning leadership practices with the company’s fiduciary responsibilities. We did not invest in the company.
“Independently Sponsored”
Trivest has a long and successful track record of working and closing deals with independent sponsors. In this series, we interview a leading or up-and-coming independent sponsor about their firm. To mix things up, at the end of each interview, we ask our guest to recount a particularly memorable (and hopefully humorous) deal-making experience. Our goal is to deepen the knowledge and strenghten connections within the independent sponsor community.
Interested in taking part? Have a potential transaction to discuss?
About Trivest
Trivest Partners, headquartered in Miami, with a presence in Charlotte, Chicago, Los Angeles, New York, and Toronto, is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses. The Firm has multiple dedicated investment approaches, including both majority and minority flexibility for founders.
