Friday, March 23, 2012

OpenView Venture Parnters Raises $200 ... - Business 2 Community

Google Ventures isn?t the only company looking to invest in big data and cloud-computing. Boston-based venture capital firm OpenView Venture Partners just announced its third fund, having raised $200 mn (against a goal of $150 mn). The capital will be used primarily to invest in companies ?aimed at operational support for enterprises, including in areas like big-data management in the cloud, which accounts for 75 percent of OpenView?s investments to date.?

According to a statement from the company:

?Since 2006 and 2007, a lot of VCs have been focused on the shiny toy of consumer services,? says Adam Marcus, the MD of OpenView. ?We have stayed true to our mission of being a B2B software [VC]. That has made it easy to raise funds for us.? OpenView will not use the fund to move into early-stage or seed investing, he says. Typically the companies OpenView funds are already bringing in a minimum of $1 mn in revenues and are at their expansion stage.

So, which company will be this new fund?s first? You?ll find out next week, according to OpenView. The company does reveal, however, that it will be an investment in a Texan company in the identity-management space.

Link

Source: OpenView Venture Partners

Source: http://www.business2community.com/finance/openview-venture-parnters-raises-200-million-for-new-venture-capital-fund-0151676

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