Permanent Capital is a Chicago-based private equity firm that buys and invests in software-enabled businesses with at least three years of operating history and $2 million or more in annual revenue. Founded by Joseph Shenton and Michael Gamson, the firm provides flexible capital for bootstrapped companies, venture-backed companies between funding rounds, and cap-table cleanup situations.
Deal activity increased 33% year-over-year (4 deals in the last 12 months). Average disclosed round size is $12.7M (across 16 rounds with reported amounts).
Portfolio
16
Fund Size
—
Top Stage
Series A
Last 12 Mo
4
Team
JS
Joe Shenton
Co-Founder and Managing Partner
BF
Brian Frank
Partner
JA
Jessie Abrams
Principal
SS
Sharif Siddiqui
Chief Investment Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
19 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Compa | Series B | $35M | Jan 2026 |
 Mia | Series A | $20M | Jan 2026 |
| CCynch AI | Growth | $9M | Dec 2025 |
| TTidalWave | Series A | — | Nov 2025 |
 Lyric | Series B | — | Aug 2025 |
 Vooma.ai | Seed | $3.6M | May 2025 |
 Wisdom | Series A | $21M | Jan 2025 |
| TTidalWave | Series A | $22M | Jan 2025 |
 Vooma | Seed | $3.6M | Dec 2024 |
 Pinch | Seed | $3.5M | Jan 2024 |
 Pinch | Seed | $3.5M | Jan 2024 |
| TTidalWave | Seed | $2M | Jan 2023 |
| BBundlr Network | Seed | $5.2M | May 2022 |
 Meson Network | Unknown | $3.5M | Jun 2021 |
 Day.ai | Series A | $20M | — |
 Outmarket | Series A | $17M | — |
 HourWork | Series A | $10M | — |
| LLogik.io Inc. | Series B | $25M | — |
| Compa | Series B | — | — |
Top Co-Investors
PagsGroup2 shared
Crosslink Capital2 shared
Jump Capital2 shared
HR Tech Investments2 shared
Motive Partners2 shared
Index Ventures2 shared
The 81 Collection2 shared
Starting Line2 shared
Y Combinator2 shared
Lightbank2 shared
Engineering Capital2 shared
Indeed Ventures1 shared
Story Ventures1 shared
Elevate Ventures1 shared
Sound Ventures1 shared
GG11 shared
Conviction Partners1 shared
Greenoaks Capital1 shared
Sequoia Capital1 shared
Protocol Labs1 shared
Last updated: 20 October 2026