|
Laxman Pai, Opalesque Asia: Sumeru Equity Partners, a technology-focused growth capital firm, has closed Sumeru Equity Partners Fund IV reaching the fundraising limit of $1.3 billion.
The sum exceeds the $1 billion target size and is nearly double the size of the predecessor fund, which closed at $720 million two years ago, said a press release from the San Mateo, Calif.-based growth-equity firm.
Sumeru Fund IV will follow the firm's established model of providing growth capital, scaling partnerships, and operating expertise to leading enterprise technology companies in North America and Europe said the release.
The firm partners with founders and management to scale their businesses through the Sumeru Growth Program, prioritizing organic growth levers across product leadership, go-to-market acceleration, and growth culture. The firm typically invests $50-200 million per transaction in North America and Europe.
Sumeru has invested in over fifty platforms and add-on investments across the enterprise and vertical SaaS, data analytics, education technology, infrastructure software, and cybersecurity.
"We are grateful to our existing and new investors for their commitments to closing our largest fund to date. Sumeru has a history of supporting innovation and we are proud to have the confidence of a terrific group of like-minded investors in our new fund," said Kyle Ryland, Managing Partner at Sumeru. Added Randy Randleman, Chief Operating Officer, "Their commi...................... To view our full article Click here
|
RSS
