Skip to content
    ThornTree Capital Partners logo

    ThornTree Capital Partners

    Boston, Massachusetts, United StatesFounded 2016
    www.thorntreecap.comLinkedIn
    ConsumerClimate & EnergyEnterprise SoftwareSaaS

    ThornTree Capital Partners is a Boston-based investment firm founded in 2016 by Mark Moore. It is a fundamentally driven long-short public equity manager that also makes private equity and venture capital investments, evaluating businesses through a consumer lens with a focus on structural transformation driven by shifting trends and technological innovations.

    38% of their portfolio is in E-Commerce & Marketplace. Their most common stage is series-d (62% of deals). Average disclosed round size is $119.3M (across 7 rounds with reported amounts).

    Find people at ThornTree Capital Partners on Goldilocks AI

    Portfolio

    6

    Fund Size

    —

    Top Stage

    Series D

    Last 12 Mo

    0

    Team

    Mark Moore

    Mark Moore

    Managing Partner

    Mike Smith

    Mike Smith

    Managing Director

    Philip Giampietro

    Philip Giampietro

    Partner

    Dave Curtiss, CFA

    Dave Curtiss, CFA

    Head of IR

    Kevin Johnson

    Kevin Johnson

    Capital Markets

    Laura Spillane

    Laura Spillane

    Executive Coordinator

    Nick Sertl

    Nick Sertl

    Investments

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    8 investments
    CompanyRoundAmountDate
    Nuvemshop logoNuvemshopSeries E$500MAug 2021
    Nuvemshop logoNuvemshopSeries D$90MMar 2021
    Nuvemshop logoNuvemshopSeries D$90MJan 2021
    Passport logoPassportSeries D$65MDec 2019
    Passport logoPassportSeries D$65M—
    PPassport LabsSeries D——
    LLiv UpUnknown$22M—
    Jericho Security logoJericho SecurityPre-Seed$3M—

    Top Co-Investors

    Endeavor4 shared
    Qualcomm Ventures3 shared
    Accel3 shared
    Kaszek3 shared
    Rho Capital Partners3 shared
    H.I.G. Growth Partners3 shared
    Bain Capital Ventures2 shared
    Grotech Ventures2 shared
    Relevance Ventures2 shared
    MK Capital2 shared
    NXTP2 shared
    TheVentureCity1 shared
    Precursor Ventures1 shared
    Alkeon Capital Management1 shared
    VMG Partners1 shared
    Tiger Global Management, LLC1 shared
    Owl Rock1 shared
    Advent Global Opportunities1 shared
    Insight Partners1 shared
    Plug and Play Tech Center1 shared

    Last updated: 20 October 2026