Canadian enterprise software venture capital firm Leaders Fund has hired Dave MacDonald as a venture partner.
MacDonald was formerly CEO of Softchoice, a Toronto-based IT solutions and managed services provider. He led the company for more than 16 years, retiring in 2017. He continues to serve as a director.
In 2013, MacDonald led a management buyout of the listed Softchoice, partnering with Birch Hill Equity Partners.
At Leaders Fund, he will support the growth strategies of portfolio companies.
Based in Toronto and Atlanta, Leaders Fund was launched in 2016 by Managing Partners Steve DeBacco and David Stein and Partner Gideon Hayden.
Leaders Fund Adds Dave MacDonald, Former Softchoice CEO, as Venture Partner
Hiring strengthens Leaders Fund’s position as operator led venture firm providing actionable advice to companies to help them grow faster.
TORONTO — FEBRUARY 11, 2019 — Leaders Fund, a venture firm backing entrepreneurs who are building enterprise software companies, today announced that Dave MacDonald, the CEO of Softchoice from 2001-2017, has joined the firm as a venture partner.
As the CEO of Softchoice, Dave built an amazing company and culture, growing the company to 1800 employees and $2.4B in annual revenues. He achieved rapid, profitable growth, and developed the next generation of talent. He also pioneered a strategic framework for developing new products and growing into new geographies predictably and successfully. He led Softchoice into new markets, introduced new product lines, and pursued strategic acquisitions to ensure consistent and profitable growth.
As an experienced acquirer, Dave directed the purchase and integration of 7 companies while building Softchoice. He also spearheaded both a public offering, and then a PE-backed management buyout. As he transitioned from CEO to Softchoice Board Member, he handed over the reins of a business that had grown 5X in the last 10 years, with a $2.4B annual run rate.
“It is very rare to find an entrepreneur, operator and CEO who has grown a technology company to over $2B in annual revenues and 1800 employees,” says David Stein, Co-Founder and Managing Partner of Leaders Fund. “We have built our firm on the belief that as former operators, we can provide experience based, actionable advice to our portfolio companies to help them grow faster. Dave furthers this strategy, bringing a rich set of experiences, frameworks and connections that entrepreneurs will appreciate.”
“Joining Leaders Fund is a logical extension of the executive leadership work I’ve been doing with a select group of CEOs,” says Dave MacDonald. “The operating background of the firm, the strength of their portfolio, and their unwavering commitment to use their experiences to help entrepreneurs build storied companies aligns well with my values and focus. I’m excited to share my experiences growing Softchoice to accelerate the success of our portfolio companies.
About Leaders Fund
Leaders Fund invests behind entrepreneurs building high growth, mission critical enterprise software companies. Founded by former operators David Stein, Steve DeBacco and Gideon Hayden, the firm draws on its vast operating experience to help its companies compete and win. Leaders Fund is based in Toronto and Atlanta and invests in high growth, Series A and Series B companies. www.leaders-fund.com