SAN FRANCISCO, July 15, 2021 /PRNewswire/ — True Wind Capital (“True Wind”), a San Franciscoa private equity firm based on investing in leading technology companies, today announced that the technology industry veteran Scott Wagner joined the firm as Head of Strategic Capital. In this new role, Mr. Wagner will be responsible for leading True Wind’s SPAC franchise and overseeing its operations. Mr. Wagner has been closely associated with True Wind Capital, having served as an independent member of the board of directors of previous True Wind SPACs and as an advisor to the company for over five years.
Mr. Wagner brings nearly 30 years of operational experience in the software, internet, consumer media, data and analytics industries. Previously, Mr. Wagner held various leadership positions at GoDaddy, most recently as Managing Director. Prior to assuming the role of CEO in 2017, he served as President, Chief Operating Officer and Chief Financial Officer. During Mr. Wagner’s seven-year tenure, GoDaddy has evolved from its successful founding as the leading domain name registrar in United States in an almost $15 billion global software-as-a-service (SaaS) company with enterprise value, and revenue grew from approximately $800 million around $3 billion.
Prior to joining GoDaddy, Mr. Wagner was a partner at KKR, a global investment manager. At KKR, Mr. Wagner was a founding member of the Capstone Value Creation team and led key value creation initiatives across KKR’s portfolio. He continues to have close ties to the technology business community, serving on the board of several leading technology companies.
“We are delighted to welcome a professional of Scott’s caliber to True Wind. Having known and worked alongside Scott for over 20 years, we know firsthand his deep operational experience and the value he brings to businesses in the sectors that are core to our investment approach,” said Adam Clamer and Jamie Greene, Founding Partners of True Wind. “Looking forward, we believe that SPACs will continue to play a significant role in the financial ecosystem and provide companies and exceptional investors with significant growth opportunities. Scott’s proven leadership, operating expertise technology and its successful track record in public markets strengthens True Wind’s ability to continue our execution in this important market segment.”
“True Wind has built a strong technology investment platform with a proven track record of creating value for its investors and portfolio companies,” Wagner said. “The True Wind team can help position companies for long-term success in the public markets, and I look forward to working with Adam and Jamie to create great opportunities for great companies.”
True Wind Capital’s recent SPACs include Nebula Caravel Acquisition Corp. (Nasdaq: NEBC) and TWC Tech Holdings II Corp. (Nasdaq: TWCTU), which announced mergers with A Place for Rover, Inc., the world’s largest five-star pet network. sitters and dog walkers, and Cellebrite DI Ltd., the global leader in digital intelligence solutions for the public and private sectors, respectively. True Wind’s first SPAC, Nebula Acquisition Corp, successfully completed a business combination with Open Lending (Nasdaq: LPRO) in June 2020whose shares have appreciated more than 300% since the closing of the transaction.
About True Wind Capital
True Wind Capital is a San Francisco-based private equity firm focused on investing in leading technology companies. True Wind has a broad investment mandate, with deep sector expertise in software, data analytics, technology services, internet, fintech and hardware.
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Cie.
SOURCETrue Wind Capital