Grayhawk Capital wraps up third fund at $76m

Grayhawk Capital has closed its third fund at $76 million.

Grayhawk Capital has closed its third fund at $76 million. The fund will focus on early-stage software companies.

PRESS RELEASE

SCOTTSDALE, Ariz., Oct 27, 2021 – Grayhawk Capital, an early growth stage and top decile performing venture capital fund, today announced the closing of it third fund to continue its focus on fueling early-stage innovative software companies for growth.

“Investor interest in our new fund exceeded our expectations, a testament to the value of the platform our team has been building since 1999,” said Sherman Chu, co-founder and managing partner, Grayhawk Capital. “We’ve experienced continued and often increased level of support from our prior fund’s investors, and welcomed a new group of financial and strategic technology-focused investors to the Grayhawk community.”

With the past 18 months bringing an unprecedented set of challenges worldwide, this has been a transformative time for Grayhawk Capital and the global software sector. Since the end of 2020, Grayhawk Capital has seen five realizations and its portfolio companies have collectively completed over $740M in new financings. The firm has continued to seamlessly execute on its proven approach of investing in the most promising of software companies at the forefront of solving enterprise challenges to transform the healthcare, cyber, fintech, marketing and productivity sectors.

“It has been inspiring to see the growing recognition of the value of investing in enterprise software solutions,” said Brian Burns, co-founder and managing partner, Grayhawk Capital. “We applaud the remarkable founders and entrepreneurs in our portfolio companies. In the two decades our team has been investing together, the depth and quality of our pipeline of new opportunities has never been stronger, and we could not be more excited for the future of the companies and their leadership we look to invest in.”

“We look forward to continuing to invest in Arizona-based companies and other underserved markets in the U.S., as well as Israeli-founded companies based in, or moving to, the U.S.,” said Brian Smith, managing partner, Grayhawk Capital. “Our recent acceptance into the SBA’s SBIC program demonstrates the impact capital investments have in these markets.”

Grayhawk’s primary profile of companies that it invests in are early Business-to-Business Software-as-a-Service companies that are generating $2M – $6M in annual recurring revenue that have demonstrated strong initial traction primarily in the enterprise sector.
“We look forward to continuing on Grayhawk’s excellent track record and investment thesis in this third fund and supporting the companies and their teams both financially and strategically,” said Leib Bolel, partner, Grayhawk Capital.

About Grayhawk Capital
Grayhawk Capital is a North American venture capital firm based in Scottsdale, AZ with a two-decade track record investing in transformative software companies. We are an early-growth stage investor that partners with mission-driven entrepreneurs and like-minded investors to build innovative companies in the enterprise sector. These companies are harnessing rapidly evolving innovations in healthcare, cybersecurity, financial technologies, marketing and productivity & analytics. For more information, please visit www.grayhawkcapital.us.