
Salvatore Massaro
Co-Founder, Managing Director & Partner
Get their honest, personalized take on your startup.
Sign in to pitch Salvatore →At a glance
- Full Name
- Salvatore A. Massaro
- Title
- Co-Founder, Managing Director & General Partner
- Firm
- EGL Ventures / EGL Holdings
- Firm Type
- Venture capital / merchant bank (also acts as angel investor)
- Investment Stage
- Early stage / seed through growth (venture); middle-market (advisory)
- Sector Focus
- Information technology, telecommunications, healthcare products & services; broader "high tech to no tech" middle-market industries (specialty chemicals, consumer goods, manufacturing, business/professional services)
- Geographic Focus
- United States, with cross-border activity (particularly the U.K. and Europe)
- Location
- Atlanta, Georgia, USA
Background
Salvatore ("Sal") A. Massaro is a co-founder and Managing Director of EGL, which he helped establish in 1988. EGL operates both as a venture capital investor (EGL Ventures) and as a merchant/advisory bank (EGL Holdings), backing and advising middle-market entrepreneurs across "high tech to no tech" industries. Massaro is credited as one of the firm's General Partners and has spent his career directing mergers, acquisitions, fundraisings, and investment transactions — the firm reports more than 200 completed transactions since its founding.
Before co-founding EGL, Massaro built a career in private equity, investment banking, and financial management spanning more than two decades. He worked at Prudential-Bache Venture Capital, served as Chief Financial Officer at Telesphere International, and was a member of Price Waterhouse's Management Advisory Services Group. This mix of operating (CFO), advisory (Big-Eight consulting), and institutional venture experience underpins EGL's hands-on, operator-friendly approach to backing companies.
Massaro earned a B.S.B.A. degree, magna cum laude, from Georgetown University and an MBA from Harvard Business School. He has been active in the venture and SBIC (Small Business Investment Company) community: he served as Regional President of SORASBIC (the Southern Regional Association of SBICs, roughly 1998–1999) and as a member of the Board of Governors of NASBIC (now the SBIA). He has also been a board member of the Atlanta/Southern Capital Forum since 1990 and served on the board of Metabolic Testing Systems, Inc., among various EGL portfolio-company advisory roles.
Investment Thesis & Focus
- Invests through EGL Ventures in early- and growth-stage companies, with a stated preference for information technology, telecommunications, and healthcare products and services sectors.
- Takes a broad, sector-agnostic "high tech to no tech" view via EGL Holdings — including specialty chemicals, consumer goods, manufacturing, and professional/business services — reflecting a middle-market entrepreneur focus rather than a single vertical.
- Pairs capital with operating and corporate-finance expertise: M&A advisory, senior/subordinated debt and equity sourcing, strategic partnerships, and business development — a hands-on, "shepherd to growth, merger, or acquisition" model.
- Emphasis on companies EGL can help grow toward an exit (acquisition or IPO); the firm's track record skews toward companies later acquired or taken public rather than pure venture write-offs.
- Geographic focus on the U.S. (Atlanta / Southeast base) with selective cross-border (U.K./Europe) transactions.
Notable Investments
- SecureWorks — Atlanta-based managed security services company; later went public and was acquired by Sophos for ~$859M (announced 2024). One of EGL's most notable outcomes.
- Renaissance (Renaissance Learning) — cloud-based educational assessment platform; a leading EdTech company and a marquee portfolio outcome.
- Sports Line / SportsLine — cited among EGL's acquired portfolio companies.
- AtWork Technologies — technology company reported as sold to Automatic Data Processing (ADP).
- Metabolic Testing Systems, Inc. — healthcare/sports-performance company on whose board Massaro served.
- Overall, EGL Ventures' portfolio comprises roughly 14 companies, with reported outcomes of 1 IPO and 8 acquisitions.
Unlock the full research
Get how to approach them, recent activity, sources, contact links — plus pitch their AI twin for a candid read on your raise.
One-time. Stays unlocked for you.