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Thermo Capital Partners

Thermo Capital Partners

Denver, Coloradothermoco.com

Overview

Thermo Capital Partners LLC, operating as part of The Thermo Companies, is a private equity firm founded in 1984. It provides growth capital to small and medium-sized companies, focusing on investments from $5 to $100 million. The firm specializes in acquiring and actively operating asset-heavy companies, particularly in industries undergoing transition such as telecommunications, business services, technology, real estate, and energy. Thermo often seeks a majority investment position and has a long-term investment horizon.

Portfolio Companies

4

Investments

Thermo Capital Partners investments
CompanyDateStageLead
AscendArc, Inc.Jan 2025SeedCo-investor
Pivotal CommwareAug 2023Series DCo-investor
Pivotal CommwareFeb 2021Series CCo-investor
Advanced Rail Energy Storage North AmericaOct 2020AngelLead
Pivotal CommwareOct 2019Convertible DebtCo-investor

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersDenver, Colorado
Year FoundedN/A

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