Boston, MA (PRWEB) October 09, 2014
OpenView Venture Partners announced today that it has successfully completed the fundraising of OpenView Venture Partners IV, L.P., with commitments of $250 million. This new oversubscribed fund brings the firm’s total capital under management to nearly $700 million.
OpenView is committed to maintaining its focused strategy, investing in expansion-stage software companies. Since its founding in 2006, OpenView has partnered with 29 companies, including early investments in category-defining companies like Mashery, AtTask, Instructure, Monetate, Spredfast, Kareo, and Socrata, among others.
“What makes OpenView unique is our focus,” said Scott Maxwell, Founder and Senior Managing Director of OpenView. “No other venture firm has our dedicated stage and sector focus.”
Maintaining this investment discipline has allowed the firm to invest deeply in OpenView Labs, its unique operational support team. The Labs team now consists of 15 full-time consultants, and exclusively supports portfolio companies in three key areas: recruiting, sales and marketing execution, and market research.
Over the last eight years, OpenView has made over 400 key hires for its portfolio companies, predominantly in the areas of engineering and sales. During that same period the firm has built 16 sales development teams, and conducted hundreds of market research projects that provide valuable market insights and customer intelligence.
“OpenView gave us the objective market and customer analysis we needed,” says Oren Michels, co-founder of Mashery. “They delivered recommendations and meaningful data that have influenced almost every component of our organization.”
“We are grateful for our loyal LPs who have supported our focused strategy from the early days. We look forward to continuing to partner with world class entrepreneurs to build category-defining companies,” said Adam Marcus, a Managing Director at OpenView.
About OpenView Venture Partners
OpenView Venture Partners (http://www.openviewpartners.com) is an expansion-stage venture capital firm based in Boston that invests exclusively in software companies. In addition to its investment team, OpenView also has a dedicated team of 15 consultants who work with its portfolio companies to help the teams scale faster and more efficiently than competitors (http://www.openviewlabs.com). Founded in 2006, the firm invests globally and has nearly $700 million in total capital under management.
Twitter: @openviewventure @openviewlabs