NexPhase Capital Review: Denver Private Equity Software Investment Focus, Portfolio

In-depth review of NexPhase Capital: their software and healthcare investment thesis, portfolio companies, typical deal sizes, and how to prepare for investment.

Key Takeaways

  • •Focus on Business Services, Consumer, Healthcare companies
  • •Investment range: $25M-$100M in equity
  • •Based in United States
  • •Control-oriented investments
  • •Growth equity focus

Notable Portfolio Companies

NexPhase Capital has built a diverse portfolio across their target verticals.

  • Empower Community Care — Healthcare — Behavioral health enablement platform
  • Always Best Care — Healthcare — Senior care services
  • OmniSYS — Healthcare IT — Medical claims management and compliance software
  • New Horizon Foods — Consumer — Food service and dining
  • Steele Benefit Services — Business Services — Employee benefits administration

What NexPhase Looks For

Based on their thematic approach, NexPhase Capital evaluates opportunities based on:

  • Thematic alignment — Companies aligned with long-term market trends
  • Founder partnerships — Companies with founders seeking a value-added partner
  • Growth inflection — Businesses at a point where additional capital can accelerate growth
  • Market size — Companies in markets typically under $1 billion
  • Operational focus — Companies that can benefit from NexPhase's operational expertise

Pro Tip

NexPhase is particularly well-suited for founder-owned companies that have reached a growth inflection point. If you're a founder seeking not just capital but an operational partner to help scale your business, NexPhase's thematic expertise can provide significant value.

How to Connect With NexPhase Capital

Approaching NexPhase Capital requires demonstrating thematic alignment and growth potential:

  • Demonstrate Thematic Fit — Clearly articulate how your company aligns with long-term trends in healthcare, software, or consumer markets.
  • Show Growth Inflection — Demonstrate that you're at a point where additional capital can accelerate growth significantly.
  • Emphasize Founder Interest — NexPhase partners closely with founders. Be open to retained equity and ongoing involvement.
  • Highlight Operational Needs — Identify areas where NexPhase's operational expertise can drive value beyond capital.

Growth Metrics

  • Revenue growth trajectory
  • Path to profitability
  • Customer acquisition metrics
  • Market expansion potential

Operational Data

  • Software metrics (if applicable)
  • Customer concentration
  • Competitive positioning
  • Management team depth

How Eagle Rock Helps

We help growth companies prepare for PE investment by building detailed financial models, growth analytics, and operational dashboards. Our fractional CFO services ensure your company is ready for due diligence from firms like NexPhase Capital.

Pro Tip

Prepare detailed financial projections and operational metrics before initial meetings.

Frequently Asked Questions

What industries does NexPhase focus on?

NexPhase primarily invests in Business Services, Consumer, Healthcare. The firm seeks companies with strong market positions and clear growth trajectories.

What size companies does NexPhase acquire?

NexPhase typically invests $25M-$100M in equity, targeting companies with enterprise values in the lower to middle market range.

What is NexPhase's typical investment size?

The firm's equity investments generally range from $25M-$100M, positioning them as active investors who can provide meaningful capital for growth.

How long does NexPhase's due diligence process take?

Due diligence timelines vary by deal complexity, but NexPhase typically conducts thorough financial, operational, and market due diligence over several weeks to months.

What should I prepare before engaging with NexPhase?

Prepare three years of audited financials, detailed market analysis, management team bios, growth plans, and a clear vision for how the partnership would create value.

How does NexPhase work with portfolio companies?

NexPhase takes a partnership approach, working closely with management teams on strategic initiatives, acquisitions, and operational improvements.

Ready to Connect With Nexphase Capital?

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This article is part of our Private equity firms | Eagle Rock CFO guide.