Len Ferrington and Michael Medici Named to GrowthCap’s Top 25 Software Investors of 2023 List

October 25, 2023
Company Profiles
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Summit Managing Directors Len Ferrington Michael Medici were named to GrowthCap’s “Top 25 Software Investors 2023” list. In determining this year’s list, GrowthCap evaluated each investor based on capital allocation, investment judgement, strategic, tactical and operational expertise and more.

Len Ferrington joined Summit in 2006 and has since led or played a significant role in investing more than $1.8 billion across 14 Summit portfolio companies. Over the course of his career, Len has partnered with numerous high-growth companies across the technology sector building deep expertise across a variety of subsectors including cybersecurity, B2B software, collaboration and human capital software, tech-enabled education and communications technology.

Len’s current board directorships include Keeper Security, Ruffalo Noel Levitz, StackAdapt and Ylopo, and he is active in the firm’s investment in QAD. His prior board and investment experience includes Access Information Management (acquired by Berkshire Partners), Aeryon Labs (acquired by FLIR Systems), Ascentis (acquired by UKG), Heald College (acquired by Corinthian Colleges), Redzone Software (acquired by QAD), Smartsheet (NYSE: SMAR), Teaching Strategies (acquired by KKR), Trident University International (acquired by Perdoceo Education Corporation) and Ubiquiti (NYSE: UI, formerly Ubiquiti Networks).

Michael Medici joined Summit in 2005 and has since led or played a significant role in 19 Summit investments, representing more than $1.0 billion in invested capital. He has invested in and partnered with numerous high-growth companies across the technology landscape, building deep sector expertise within several software subsectors, including e-commerce enablement, marketing automation, infrastructure and DevOps, industrial technology and supply chain.

Michael’s current board directorships include Klaviyo (NYSE: KVYO), MacStadium, Markforged (NYSE: MKFG), Mavrck and Sifted. His prior investments and directorships include Acacia Communications (NASDAQ: ACIA, later acquired by Cisco), Accedian Networks (recapitalized by Bridge Growth Partners and later acquired by Cisco), Anesthetix (acquired by TeamHealth), Clarabridge (acquired by Qualtrics), Diagnostic Hybrids (acquired by Quidel Corporation), Fermentas International (acquired by Thermo Fisher Scientific), Hiperos (acquired by Opus Global), Logi Analytics (acquired by Marlin Equity Partners), Mi9 Retail (acquired by General Atlantic), and Telerik (acquired by Progress Software).

Read more about Len, Michael and their fellow honorees at GrowthCap.

Award selections are determined based on GrowthCap’s evaluation of the nominee’s demonstrated success in his specific role, including capital allocation, investment judgement, and strategic, tactical and operational expertise, among other factors. Information on each nominee was received through nomination application forms, GrowthCap’s online submission portal, direction communication with portfolio company executives and/or others in the industry.

To view the full list of honorees and read more about the selection methodology, visit GrowthCap’s website.

This award is the opinion of the party conferring the award and not of Summit Partners. Summit Partners submitted a nomination, and once selected, paid a publishing and copyright fee to promote this award. There can be no assurance that other providers or surveys would reach the same conclusion as the party conferring the award referenced herein.

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