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Stewart Lynn
ResearchedAngel Investors

Stewart Lynn

Partner

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At a glance

Full Name
Stewart Lynn
Title
Partner
Firm
Serent Capital
Firm Type
Middle-market private equity / growth equity firm (note: the stub label "Angel Investors" is inaccurate — Serent is a growth-equity PE firm, not an angel investor)
Investment Stage
Growth equity and control/buyout investments in established, founder-led companies (not seed — the stub's "Seed Round" is inaccurate)
Check Size
~$20M–$200M per investment (firm-level range)
Target Company Profile
Capital-efficient, founder-led B2B software and tech-enabled services companies generating roughly $5M–$100M in annual recurring revenue
Sector Focus
Vertical software — specifically govtech, real estate / housing & construction, transportation & logistics, and entertainment (his core markets); firm-wide focus on B2B SaaS and tech-enabled services
Geographic Focus
Primarily North America
Location
San Francisco, California (firm also has an Austin, Texas office)

Background

Stewart Lynn is a Partner at Serent Capital, a growth-focused private equity firm founded in 2008 that invests in founder-led B2B software and tech-enabled services companies and manages more than $6 billion in assets. Lynn joined Serent in 2013 and leads the firm's investment efforts in software companies across govtech, real estate/housing construction, transportation/logistics, and entertainment. Within those markets he both sources and leads investments and works hands-on with executive teams on growth initiatives including strategy development, scaling go-to-market, pricing, payments monetization, and M&A.

Before Serent, Lynn was a Vice President at the Seabury Group, a boutique investment bank and management consulting firm, where he was part of the leadership team that grew the firm to more than 60 employees within five years. His advisory work spanned strategy, business planning, and operational improvement for clients in over ten countries, and he spent multiple years in Seabury's private equity practice advising leading PE firms on buyout investments.

Lynn holds a JD-MBA from Stanford University's Law School and Graduate School of Business, where he was an Arjay Miller Scholar, a Siebel Scholar, and the Henry Ford II Scholar, graduating first in his law school class. He earned a B.A., magna cum laude, in Economics and Mathematics from Northwestern University. A Chicago native, he coaches youth basketball and is active in his children's sports.

Investment Thesis & Focus

  • Invests in established, founder-led, capital-efficient B2B software and tech-enabled services businesses — not early-stage startups; companies are typically already generating recurring revenue (roughly $5M–$100M ARR at the firm level).
  • Focuses on vertical SaaS in his core markets: govtech, real estate/housing & construction, transportation/logistics, and entertainment.
  • Brings a growth-equity and operational playbook: go-to-market scaling, pricing optimization, payments monetization, M&A/add-on acquisitions, and team building, supported by Serent's in-house Growth Team of 25+ operators and a network of 1,000+ software leaders.
  • Serent emphasizes a founder-friendly approach — flexible capital "while preserving the founder's vision" — and has been named a Founder-Friendly Investor by Inc. Magazine seven years running.

Notable Investments

  • Actionstep — legal practice management software; Lynn is a Board Director (board role since ~September 2020).
  • Real Green Systems — field-service / lawn-care business management software; Board Director (since ~October 2018).
  • KORE Software — sponsorship and partnership management software for sports & entertainment; Board Director (since ~May 2018).
  • ManageAmerica — property/community management software (Lynn publicly noted ManageAmerica bolstering its property-management position).
  • BS&A Software — government/municipal software (govtech).
  • First Due — fire and EMS records/response software (govtech/public safety).
  • GovWorx — government technology services (govtech).
  • WorkWave — field-service management software (transportation/logistics & field service).
  • Traumasoft — EMS/ambulance operations software.
  • Millennium Systems International, StockIQ, and Studio Designer — additional current portfolio companies in his coverage areas.

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