Mudshare
The Deal
- Bought By
- Adan Sierra and Rodrigo Zuloaga
- Year
- 2023
- Vehicle
- Lionfield Capital LLC, backed by Search Fund Partners, Northspring Partners, Aspect Investors, Endurance Search Partners, The Operand Group, The Cambria Group, NCL Partners and Blue Frame Capital Partners
- Kind
- Software
A peer-to-peer messaging platform that political campaigns and nonprofits use to text their supporters one conversation at a time.
What Happened Next
Trading under its own name: the index host names Adan Sierra chief executive beside its 2023 investment, another backer names Rodrigo Zuloaga chief executive of it, and the vehicle's own 2023 filing lists them both.
The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.
Backed by the Same Firms
- RouteGenie · Cameron Craig · 2025
- Strategic Kids · Graham Brockington and Andy Morrow · 2025
- Wu Consulting · Steven Tan · 2025
- CyberData Pros · Keith Burns · 2025
- The rest of what Search Fund Partners has backed
Northspring Partners
- Maher Services · Daniel Chase and Laurent Firlotte · 2025
- Team Management Systems · Siri Chakka and Silva Gentchev · 2025
- Three Rivers Therapy · Ryan Moore · 2025
- Blue Peak Tents · Cody Adelizzi · 2025
- The rest of the record
Aspect Investors
- Thillens · Resit Melik · 2025
- FleetFlo · Dan Calano · 2025
- Choice Water Solutions · Alisdair Ferguson and Chase Epstein · 2024
- Parsec Group · Graeme Hewett and Nadim Muzayyin · 2024
- The rest of the record
- FluidSecure · Arnab Chatterjee, Ian Field and Jordan Freeman · 2025
- Premier World Discovery · Rafa Caldas and Zach Krumholz · 2025
- ACME Plumbing Company · Tripp Andracchio · 2025
- ExpensePoint · Mohamed Farid · 2024
- The rest of what Endurance Search Partners has backed
The Operand Group
- Tacna · Juan Pablo Arriaga and Santiago Ganem · 2024
- P&S Machining and Fabrication · MP Spierer · 2022
- BSU Electronics · Leyla Sudbury
- Léargas Security · LJ Campbell
- The rest of the record
The Cambria Group
- O&W Heat Treat · Ali Platon and Chris Goyen · 2025
- Anterra · Lori Harrington · 2021
- Discover Health · Daniel Hudspeth · 2018
- ProPoint Solutions · Raj Mahajan · 2015
- The rest of the record
NCL Partners
- Resolute Property Tax Solutions · Ed Buser, Federico Marchese and James Serena · 2025
- HerScan · CiCi McMullen · 2025
- Aproove · Curt Black · 2025
- Jaama · Andrew Holgate · 2023
- The rest of the record
Blue Frame Capital Partners
- Stage2Data · Leo Yao and Matt Fiedelholtz · 2025
- Echo Point Books & Media · John O'Brien · 2023
- Octapus · Felipe Villaneda and Pierre-Etienne Lambert
Method & Source
This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts.
- Search Fund Partners' own account searchfunds.net
- Northspring Partners' own account northspringpartners.com
- Aspect Investors' own account aspectinvestors.com
- Endurance Search Partners' own account, The backer's investments list, which carries the company and its own year. endurancesearchpartners.com
- Endurance Search Partners' own account, The backer's partners page naming Adan Sierra beside the company and the fund. endurancesearchpartners.com
- Endurance Search Partners' own account, The backer's partners page naming Rodrigo Zuloaga beside the company and the fund. endurancesearchpartners.com
- The Operand Group's own account theoperandgroup.com
- The Cambria Group's own account cambriagroup.com
- NCL Partners' own account nclpartners.com
- Blue Frame Capital Partners' own account blueframecapital.com
- The searchers' own SEC filing sec.gov
These sources name who runs the business and when the firm invested, rather than saying in a sentence that the searchers bought it. The index host names Adan Sierra chief executive beside its 2023 investment; another backer's card names Rodrigo Zuloaga chief executive with the fund beside him; a third lists the company against a 2023 investment and names nobody. Nothing says they bought it.