Organization · Private Equity
424 Capital
424 Capital is a growth capital private equity firm based in Wakefield, Massachusetts, specializing in control equity investments in profitable, lower middle-market B2B tech-enabled services companies.
Overview
What 424 Capital does
What 424 Capital is
424 Capital is a growth capital private equity firm based in Wakefield, Massachusetts, specializing in control equity investments in profitable, lower middle-market B2B tech-enabled services companies.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Private Equity
- Founded
- Founded in 1998
- Approximate age
- About 28 years
- Structured capabilities
- Funder
- Last reviewed
- April 4, 2026
Official channels
Find 424 Capital elsewhere
Open the official website or a supported primary organization account.
Capability profile
424 Capital as a funder
Investment thesis
424 Capital focuses on investing in and empowering profitable, tech-enabled service companies to achieve growth and make a positive impact in their industries.
Focus narrative
424 Capital invests in profitable, tech-enabled service companies primarily in the B2B sector. Their investment focus includes sectors such as Healthcare, Technology Services, Data-driven Marketing, and Renewable Energy. They target lower middle market companies with $5-30 million in revenue and $1-5 million in EBITDA at the time of investment.
Value beyond capital
424 Capital adds value to portfolio companies by focusing on majority recurring revenue, strong EBITDA margins, and organic double-digit revenue growth, ensuring alignment of values among partners.
Terms and economics
- Typical check
- $10,000,000–$50,000,000
Focus and fit
- Regions
- United States
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded notable exits
- Anodyne Health Partners
Portfolio context
Notable portfolio companies include QE Solar, which provides operations and maintenance services for solar photovoltaic systems; Radian Generation, offering asset management services for renewable power; Anodyne Health Partners, known for business intelligence software sold to Athena Health; Coronis Health, which provides revenue cycle management software; CSS Health, connecting payers and pharmacies; Farm Market iD, a leader in data analytics for agriculture; VaLogic, offering facility maintenance for life science labs; Solution Group, providing water and wastewater services; and Alatus Solutions, supporting dental practices.
Common questions
What to know about 424 Capital
Upseed classifies 424 Capital under the Private Equity organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 4, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.