Growth Investor with GrowthCap‘s RJ Lumba

Expansion-Stage Software Investor: Updata’s Jon Seeber

Mar 26, 2025

Jon Seeber, General Partner at Updata Partners, shares insights from his 20+ years in the software industry. He discusses the dynamic growth equity landscape in D.C., emphasizing strategic partnerships with management teams of B2B software firms. A case study on Viewpoint Construction Software illustrates how operational expertise fuels success. Jon also highlights the importance of teamwork, drawing parallels with his wrestling background, and reflects on the value of community, showcasing Updata's support for the Washington Nationals Youth Baseball Academy.

18:01

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Episode guests

Jon Seeber

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Quick takeaways

Updata Partners focuses exclusively on high-growth B2B software companies, targeting those with proven product-market fit and over 50% growth.

The firm's hands-on approach to value creation emphasizes collaboration with management teams while also supporting community initiatives like the Washington Nationals Youth Baseball Academy.

Deep dives

The Ecosystem of Growth Equity in D.C.

The growth equity landscape in the D.C. metropolitan area boasts a strong ecosystem supported by several prominent private equity firms. Updata Partners has been a significant player in this space for over 25 years, focusing on technology investments and partnering with various entrepreneurs. Although the area's technology sector has evolved, it remains a vital component of the private equity scene. The continuous presence of firms like Carlyle and Revolution underscores the longevity and resilience of this sector in D.C.

Intro

3min

Navigating Growth Equity in B2B Software

8min

Teamwork and Integrity in Investment Culture

3min

Emotional Reflections on Influence and Partnership

2min

Vision for Growth and Community Involvement

2min

In this episode we speak with Jon Seeber, General Partner of Updata Partners, a leading technology-focused growth equity firm based in Washington, D.C.

Led by an investment team averaging more than 25 years of technology experience, and who began their software careers working in operating companies, Updata invests in high-growth B2B software and software-driven businesses where the combination of capital and operating experience will help accelerate success. Updata has partnered with more than 75 entrepreneurs to date, and has raised more than $1.5 billion in committed capital.

Jon has been a member of Updata’s investment team since 2006. He has more than 20 years of experience as an operator and investor in the software industry.

Jon supports Washington Nationals Youth Baseball Academy. To learn more about this organization click here.

I am your host RJ Lumba. We hope you enjoy the show. If you like the episode, click to follow.

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