Elsewhere Partners
UnclaimedAt a Glance
- Check Size
- $500K – $5M
- Stage
- Seed, Series A
- AUM
- $530M
- Sectors
- Enterprise, Consumer, Fintech
- Founded
- 2018
- HQ
- Austin, TX
About Elsewhere Partners
Elsewhere Partners is an Austin-based venture capital firm dedicated to supporting early-stage technology companies in emerging markets outside of Silicon Valley. The firm focuses on seed and Series A investments across enterprise software, consumer technology, and fintech sectors. By positioning themselves in Austin, Elsewhere Partners capitalizes on the city's growing tech ecosystem while maintaining a broader geographic focus on underserved markets across the United States. Their investment thesis centers on the belief that innovative entrepreneurs and compelling opportunities exist beyond traditional coastal tech hubs, allowing them to access high-quality deals with potentially less competition and more attractive valuations while supporting the development of distributed innovation ecosystems.
Investment Thesis
“Backing exceptional entrepreneurs building category-defining companies in markets beyond the traditional venture capital hubs.”
Leadership Team
Chris Pacitti is founder and partner and is named on all three fund filings; John Thornton co-founded the firm, signed the Fund I and Fund II offerings, and is now partner emeritus. Nick Stoffregen and Sloane Child are partners, with John Doyle and Cody Younkin as vice presidents and Tommy Hayes as senior associate. Kevin Kunz is chief financial officer, supported by Zach Irwin in finance and Zach Tanner on portfolio finance. The distinguishing feature of the roster is its operating bench: Harrison Yeager, a former chief executive of Stoplight and former senior vice president at SmartBear, is an operating executive alongside Thom Everett, with Rod Favaron and Michele Perry as operating partners. Damion Heredia, previously a senior director at Google Play and head of Google Cloud machine learning, and Jim Rudden advise portfolio management teams. Shannon Ward runs talent.
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
Elsewhere Partners has raised three funds from Austin, each larger than the last. Fund I filed a $100 million offering in February 2018, made its first sale that month and closed at $70 million by the June 2019 amendment, signed by Chris Pacitti and John Thornton. Fund II filed a $175 million offering in March 2021 and reported the full $175 million sold by May 2022. Fund III filed a $250 million offering in October 2023, and the June 2024 amendment shows $285.1 million sold, above target, with Pacitti as the sole named general partner. Together the three funds account for roughly $530 million of committed capital.
The firm also runs dedicated co-investment vehicles, filed as Elsewhere Partners BG, BG II and BB, to concentrate additional capital into individual companies. The strategy targets capital-efficient B2B software businesses that grew without much venture money, usually outside Silicon Valley, where Elsewhere supplies the first significant institutional round plus operating help.
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Frequently Asked Questions
What stage does Elsewhere Partners invest at?
Elsewhere Partners primarily invests at the Seed, Series A stages. This means they focus on companies that are building their initial product and finding product-market fit.
Where is Elsewhere Partners located?
Elsewhere Partners is headquartered in Austin, TX. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Elsewhere Partners focus on?
Elsewhere Partners focuses on investments in Enterprise, Consumer, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
What is Elsewhere Partners's typical check size?
Elsewhere Partners's typical investment check size ranges from $500K to $5M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Elsewhere Partners have under management?
Elsewhere Partners manages approximately $530M in assets under management (AUM) across their funds.
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