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Laxman Pai, Opalesque Asia: The Boston-based venture capital firm has amassed $570m at the final close of its seventh fund.
According to a press release from the venture capital firm investing globally in business software companies, the latest fund represents a 25% increase over the firm's sixth fund and is its largest to date, enabling OpenView to support more entrepreneurs through this challenging macroeconomic climate.
OpenView will maintain its focused strategy of high conviction, concentrated venture capital investments in business software companies at the expansion stage, it said. The firm invests internationally across all business software categories including infrastructure, applications, cybersecurity, and vertical software.
"As we have for nearly two decades, we remain focused on identifying and supporting innovative business software companies in high-growth product markets primed for rapid expansion," said Mackey Craven, partner at OpenView.
Since its founding in 2006, OpenView has raised a total of $2.4 billion across its seven funds and has partnered with more than 60 companies including Datadog, Calendly, Axonius, JumpCloud, UserTesting, and Workfront, among others.
"During this time of turbulence in the financial markets, OpenView is excited to have a new fund to support software startups," said Blake Bartlett, partner. "We are grateful for our partnership with world-class limited partners, which makes it possible to support th...................... To view our full article Click here
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