Organization · Private Equity
Upstream Capital
Upstream Capital is a private equity firm based in Boston that invests in established, profitable companies in the micro end of the middle market, focusing on those with EBITDA of up to $10 million positioned for growth.
Overview
What Upstream Capital does
What Upstream Capital is
Upstream Capital is a private equity firm based in Boston that invests in established, profitable companies in the micro end of the middle market, focusing on those with EBITDA of up to $10 million positioned for growth.
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
- Structured capabilities
- Funder
- Last reviewed
- March 4, 2026
Official channels
Find Upstream Capital elsewhere
Open the official website or a supported primary organization account.
Capability profile
Upstream Capital as a funder
Investment thesis
Upstream Capital seeks to partner with business owners looking for liquidity and support in executing their strategic plans. The firm invests in companies with consistent cash flow and recurring revenue streams.
Focus narrative
Upstream Capital invests in various sectors, including healthcare services, business services, niche distributors, business process outsourcing, compliance-driven services, and manufactured products. The firm targets companies with consistent cash flow, recurring revenue streams, and low capital expenditure needs.
Focus and fit
- Sectors
- Healthcare
- Regions
- North America
Availability
- Currently deploying
- Not published
Portfolio and track record
- Recorded portfolio count
- 4
- Recorded notable exits
- Spiro Health
Portfolio context
Notable portfolio companies include: OJ Charm: A medical products company providing prescription-based consumable products for chronic conditions. TenderHeart Health Outcomes: A provider of care management solutions for patients with incontinence issues. The Chamberlain Group: Designs and manufactures high fidelity mimetic anatomy for surgical training. Spiro Health: A combination of home medical equipment providers, acquired by AdaptHealth in May 2021.
Common questions
What to know about Upstream Capital
Upseed classifies Upstream 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
March 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.