Sat, Aug 20, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

March Capital raises $450m third fund

Friday, January 15, 2021

Laxman Pai, Opalesque Asia:

Santa Monica-based venture growth firm March Capital Partners has closed a new $450 million venture capital fund focused on enterprise software companies.

March Capital Fund III is the firm's largest yet, beating out the $300 million Fund II which closed just under one year ago.

Like the majority of March's investments, the new fund will focus on enterprise software companies. These will span a broad range of sub-sectors, according to the company, such as industrial technology, cybersecurity, fintech, cloud computing infrastructure, and artificial intelligence.

"The close of Fund III follows the success of March Capital Funds I and II, with over $1 billion in realized profits through investments in breakout enterprise companies including CrowdStrike, VeloCloud (acquired by VMWare), ASAPP, BillDesk, CarTrade, Earnin, Forter, SparkCognition, Uniphore, and other portfolio companies," said a press release from the venture capital fund, formerly called March Capital Partners.

"Building on the adoption of broadband, mobility, cloud, and now 5G coupled with edge computing, we will see unprecedented innovation in the next ten years, with yet to be imagined applications and a completely new network architecture to support it," said Sumant Mandal, March Capital Co-Managing Partner. "Going through the pandemic over the last year has shown that the adoption of new digital platforms is mission-critical for businesses worldwide and has perman......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  2. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  3. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: Castle Hall, the Du

  4. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  5. Opalesque Exclusive: This European mezzanine debt strategy offers equity-like returns with downside protection[more]

    B. G., Opalesque Geneva for New Managers: Mezzanine financier SIG-i operates in a relatively uncrowded space by proactively manufacturing financing solutions as an alternative to traditional debt and equity instrume