Golden Section Ventures

Golden Section is a Houston, Texas-based growth equity firm founded in 2012 that backs capital-efficient B2B vertical SaaS founders. The firm manages $110 million in assets under management across two active vehicles: Fund I (2019 vintage, generating $101 million in annual portfolio revenue as of December 2025) and Fund II (2022 vintage, generating $118 million in annual portfolio revenue as of December 2025), for combined portfolio annual revenue of $220 million. The team is led by General Partners Dougal Cameron and Adam Day, alongside Venture Partners Yosef Levenstein and Scott Adams. The firm also operates Golden Section Studios, a venture studio led by Kristen Phillips. Golden Section leads rounds and invests $1 million to $5 million initial checks in B2B vertical SaaS companies generating $1 million to $8 million in annual revenue, targeting companies with a burn multiple below 2x, net revenue retention above 100%, and gross margins above 65%. The portfolio spans 50-plus companies including Mxtr Automation, Brokerage Engine, TaxTaker, FreightTrain, System Surveyor, Trusted Dispatch, Kare, Tango, VanHack, Downstream, Allegrow (AI email deliverability, $1 million investment April 2025), and QMSC. Exits have been acquired by Thoma Bravo, LLR Partners, Kayne Anderson, Carta, and OpenView Ventures, among others. The firm also offers non-dilutive revenue-based financing of $500,000 to $5 million as a complement to equity investment. Golden Section strongly emphasizes private-equity-oriented outcomes at $5 million to $15 million ARR, maintaining an exit platform connected to over 100 PE firms representing $300 billion-plus in collective AUM. Average core portfolio revenue CAGR exceeds 69%, reflecting the firm's discipline in selecting founders who grow efficiently.