Savant Growth Launches New Fund with Kennet Partners for AI Investments
Savant Growth Collaborates with Kennet Partners for New Fund
Savant Growth, a prominent name in the realm of private equity, has taken a significant step forward with its strategic partnership alongside Kennet Partners. This collaboration aims to fund investments primarily in artificial intelligence (AI)-driven B2B software as a service (SaaS) solutions. With Kennet Partners successfully raising over €266 million in its latest fund, Kennet VI, a notable portion of these commitments is earmarked for U.S.-based investments. As the exclusive U.S. sub-adviser to both Kennet VI and Kennet V, Savant Growth plays a crucial role in identifying, recommending, and overseeing these investment opportunities, in addition to managing its own Savant Growth Fund I and related initiatives.
Strategies for Accelerating Growth in B2B SaaS
The approach that Savant Growth offers to its portfolio companies is multi-faceted, designed to propel the growth trajectory of B2B SaaS businesses effectively. Through a collaborative partnership with founders, Savant employs a proprietary methodology that centers around four pivotal pillars:
- Scaling SaaS enterprises to achieve market dominance.
- Transforming constellations of portfolio firms into analytics-driven entities embracing AppliedAI, leveraging data and large language models (LLMs) to automate processes.
- Enhanced recruitment of proficient engineering teams through cost-effective, in-house near-shore resources, particularly with its DevSavant initiative.
- Building Ideal Customer Profiles (ICPs) and data-driven outreach strategies to streamline customer acquisition via its SaleSavant platform.
Insights from the Leadership Team
Javier Rojas, Co-Founder and Managing Partner of Savant Growth, expressed enthusiasm for launching their latest fund in collaboration with Kennet Partners, especially as the interest in AppliedAI reaches new zeniths amid advancements in LLM technologies. Rojas remarked, "The robust investments in proprietary models from leading companies like Nvidia and OpenAI are unleashing a new wave of innovative SaaS companies, streamlined for automation and digital transformation across various markets. We believe that the integration of third-party models with AppliedAI can unlock significant value for our entrepreneurs and investors alike."
Rounding off the previous achievements, Savant Growth's initial fund, Savant Growth I, along with associated funds, currently manages about $500 million. This includes nine active portfolio companies and two notable exits, underscoring a proven track record within the software and SaaS investment sphere, spanning over three decades.
Hillel Zidel, Managing Director at Kennet Partners emphasized their synergistic partnership, stating, "Savant Growth blends profound market understanding with operational prowess to equip B2B software founders in scaling their businesses effectively, aiding them in realizing their aspirations. Our sustained collaboration with Savant Growth not only facilitates expansion into both U.S. and European markets but also positions us strategically at the forefront of a new technology cycle driven by generative AI. We are committed to supporting the pioneers of tomorrow's tech landscape."
The establishment of the Kennet VI Fund is part of Kennet's ongoing alliance with Edmond de Rothschild Private Equity, a partnership that has flourished since its inception in 2017.
With the conclusion of fundraising for Kennet VI, Savant Growth is actively scouting for fresh investment prospects. Eric Filipek, Co-Founder and Managing Partner, noted, "We have taken part in Kennet's initial investment through Fund VI in Fluid Topics, an innovative content AI firm based in France and the U.S., and we are particularly excited about the promising deals currently in our pipeline."
About Savant Growth
Savant Growth is dedicated to investing in bootstrapped, founder-led B2B SaaS and tech-enabled service companies. With deep-rooted investment experience extending beyond 30 years, the firm champions a data-focused and entrepreneurial approach to merging talent, companies, and capital, aiming for transformative results in expansive, high-growth markets. Their investment philosophy revolves around harnessing the potential of SaaS, data, content, predictive analytics, and AI to revolutionize workflows across diverse sectors.
Frequently Asked Questions
What is the goal of Savant Growth's new fund?
The goal is to make strategic investments in AI-driven B2B SaaS solutions, enhancing innovation and growth potential in these sectors.
Who are Kennet Partners?
Kennet Partners is a private equity firm focused on investing in technology-driven companies, particularly in the SaaS domain.
What does Savant Growth offer to its portfolio companies?
Savant Growth provides comprehensive support including market leadership strategies, growth in AI capabilities, efficient resource allocation, and enhanced customer acquisition tactics.
How is the new fund expected to impact the AI market?
It aims to drive substantial growth in AI solutions, fostering innovation and efficiency in businesses adapting to digital transformation.
Why should companies consider partnering with Savant Growth?
Companies benefit from Savant Growth's vast industry knowledge, capital resources, and tailored support in realizing their growth ambitions.
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