Lock 8 Closes $182M Third Fund to Fuel SaaS Buyouts in Lower Middle Market

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A Strong Investor Bench and Proven Track Record

According to Tim Blomfield, a Lock 8 partner, the overwhelming response from investors is a reflection of the firm’s track record and operating strategy.

“We’re grateful for the continued support of our investors and proud of the outcomes we’ve achieved in Fund II and other predecessor funds,” Blomfield said. “This new fund positions us to keep investing in our team and drive serious growth for lower middle-market tech firms.”

Among the firm’s growing list of portfolio companies are:

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  • Projector PSA – a platform that enhances resource utilization and service delivery efficiency.

  • OrgChart – a workforce planning and organizational chart solution used across industries.

  • Relay – a Medicaid workflow system helping U.S. school districts streamline administration.

  • Virtual Field – a healthcare solution specializing in visual field and color vision testing.

These companies represent Lock 8’s sweet spot: tech-oriented, stable, and ready for thoughtful acceleration.