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Case Study 

October 2021

This case study reviews a recent investment made by Sage Growth Capital. 


Founded in 2017 by military veterans, who are cloud and cybersecurity industry experts, Seattle-based company, Refactr, provides a DevSecOps Automation Platform that enables the collaboration between DevOps and cybersecurity teams

  • Sage invested $150,000 which enabled Refactr to help catalyze its Air Force contracts.

  • Six months after the initial investment, Refactr was acquired.

  • As part of the acquisition, Sophos required the note be retired.  

  • Sage agreed to accept $175,000 as Refactr’s full payment,  saving Refactr a significant amount of money.

  • Sage investors  achieved an IRR of about 41%

The entrepreneur and management team have reviewed this case study and have given us permission to disclose the information herein.

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