BOSTON, Oct. 14, 2020 – OpenView, a number one enterprise capital agency targeted on enterprise software program, introduced the closing of its sixth fund on the finish of the second quarter. The Fund was oversubscribed, reaching its laborious cap of $450 million in commitments.
OpenView will keep its targeted technique of excessive conviction, concentrated enterprise investments in enterprise software program corporations on the trail to be giant and enduring companies.
“We’re excited to proceed to accomplice with the world’s most promising software program corporations,” stated Mackey Craven, Companion at OpenView. “We’re significantly obsessed with companies like Datadog and Calendly that embrace product led progress, an finish user-focused progress mannequin that depends on the product itself as the first driver of buyer acquisition, retention and growth. This method not solely results in sound companies, however to merchandise that extra immediately affect individuals’s working lives.”
OpenView will handle Fund VI on behalf of a various group of endowments, pensions, foundations, and monetary establishments, amongst different traders.
“We’re deeply honored by the continued help of our world-class restricted companions who’ve been with us for years, in addition to these now we have welcomed to the OpenView household as a part of Fund VI, and we’re grateful for his or her shared alignment in OpenView’s mission of bettering individuals’s working lives,” stated John McCullough, Companion and CFO at OpenView. “Fund VI permits us to additional enhance our help of the perfect founders and govt groups whereas persevering with to place OpenView because the accomplice of alternative for the world’s most promising enterprise software program corporations.”
Since its founding in 2006, OpenView has raised $1.5 billion in commitments throughout six funds and has partnered with 54 corporations, together with Datadog, Calendly, Instructure, Expensify, Highspot, and Workfront, amongst others.
With almost 60 workforce members and 29 lively portfolio corporations, OpenView maintains a two-to-one ratio of individuals to portfolio corporations, guaranteeing the agency is ready to present a deep partnership and targeted help as corporations develop into giant and enduring companies.
Based in 2006, OpenView is a enterprise capital agency investing globally in enterprise software program corporations. With a mission to enhance individuals’s working lives, OpenView’s targeted funding method throughout sector and stage permits the agency to determine and accomplice with class main enterprise software program corporations. The agency’s focus extends to operational excellence by way of its devoted growth workforce working with portfolio corporations on go-to-market, gross sales and advertising and marketing, product led progress, expertise, and company growth. The agency relies in Boston and has $1.5 billion in complete capital beneath administration. For extra data, please go to https://openviewpartners.com/.