Scott Shapiro
Vice President
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- Full Name
- Scott Shapiro
- Title
- Principal (previously Vice President / Associate)
- Firm
- Greenridge Growth Partners (formerly Greenridge Investment Partners)
- Firm Type
- Lower-middle-market private equity (growth equity / buyout) — not an angel/seed investor
- Investment Stage
- Growth equity and control buyouts of established, operating companies (not seed)
- Check Size
- Roughly $5M–$30M per portfolio company (firm-level, per aggregators)
- Target Company Profile
- Founder-led, bootstrapped, profitable vertical software businesses in the lower middle market
- Sector Focus
- Purpose-built, vertical-specific enterprise software and technology-enabled services (compliance, association/membership management, workforce management, faith/church SaaS, quality management, vendor management)
- Geographic Focus
- United States
- Location
- Austin, Texas
Background
Scott Shapiro is a Principal at Greenridge Growth Partners, an Austin, Texas–based lower-middle-market private equity firm that partners with founder-led, bootstrapped vertical software businesses. He is involved in all aspects of the firm's investment activities. Note that although the intake data classified him under "Angel Investors / Seed Round," his firm is a growth-oriented private equity manager writing institutional-sized checks into established, cash-generating software companies rather than making angel or seed investments.
He developed his focus on the lower middle market as an investment banker at Lincoln International in New York, where he advised bootstrapped software businesses on M&A. Earlier in his career he worked as an investment banking analyst in the Leveraged and Acquisition Finance group at HSBC. Seeking longer-term partnerships with founders rather than one-off transactions, he relocated to Austin and joined Greenridge as an Associate in 2016, later rising to Vice President and then Principal.
Shapiro holds a B.S. in Business Administration from the Kelley School of Business at Indiana University. A native of St. Louis, Missouri, he is based in Austin, where the firm is headquartered.
Investment Thesis & Focus
- Invests in founder-led, bootstrapped, profitable software companies in the lower middle market — established operating businesses, not early-stage ventures.
- Concentrates on purpose-built, vertical-specific software (e.g., compliance, association management, workforce/quality/vendor management, faith-based SaaS). The firm states: *"Our focus on purpose-built, vertical-specific software businesses helps us to be value-added partners from day one."*
- Emphasizes long-term partnership and business-building alongside founders, a philosophy Shapiro cites as his reason for moving from banking into private equity.
- Firm-level check sizes are reported at roughly $5M–$30M per company; Greenridge closed its second fund (Greenridge Growth Partners II) at $255M in October 2024.
- Firm values as stated: "integrity, balance, and conviction of purpose," with a culture of "continuous improvement and collaboration."
Notable Investments
- Veriforce — SaaS-based operator qualification, safety, compliance, and training solutions.
- GrowthZone — Cloud-based association/membership management software.
- NetVendor — Vendor management and compliance-monitoring software for property managers.
- eCatholic / faith-based SaaS — Church and ministry management software.
- Covr — Workforce management platform.
- Grand Avenue Software — Electronic quality management systems (eQMS) for regulated manufacturers.
- TrueRoll — Property tax and government software.
- NetVendor & Masergy — cited among the firm's investments by aggregators.
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