March Capital wraps up sophomore fund at $300 mln

March Capital Partners closed its second fund at $300 million. Based in Santa Monica, California, the venture firm invests in both early and late-stage companies in mobile, enterprise, infrastructure, gaming and other growth industries.

PRESS RELEASE

SANTA MONICA, Calif., Jan. 24, 2019 /PRNewswire/ — March Capital Partners today announced the closing of its second fund at $300 million. With strong support from both existing and new investors, Fund II continues to build on the success of March Capital’s inaugural $240 million fund, focused on key industries where market conditions have accelerated adoption: AI in the enterprise, industrial IoT and infrastructure, next-gen consumer technologies, and growth in India. March Capital will also continue to build on its successful investments in esports and gaming. The fund will primarily include new companies but will also reinvest in its breakout winners from Fund I. March Capital’s series of investments in Fund II include Xage Security, ioTium, Descartes Labs, Forter, Astound, and Decision Engines.

“March’s focused investment strategy in markets at their inflection points has allowed us to identify new opportunities in companies that deliver cost and performance advantages to drive explosive growth,” said Jamie Montgomery, Founder and Managing Director of March Capital Partners. “Fund II will continue to target disruptive, data-driven companies that transform the way business is conducted.”

“The world of technology investing continues to evolve as foundational technologies such as AI, cloud, and IoT allow for new and exciting value propositions,” added Sumant Mandal, Founder and Managing Director of March Capital Partners. “At the same time, our exposure to the fast-growing internet market in India continues to remain exceptionally exciting.”

March Capital Partners is also expanding its team, naming two new partners: Meredith Finn, previously of Salesforce Ventures, and Jed Leidheiser, promoted from Vice President at March Capital. Meredith was a key member of Salesforce Ventures, launching the Salesforce Impact Fund. She is relocating from New York to join the team. Jed has over 13 years of experience in enterprise technology.

“I’m thrilled to join the March Capital team and leverage my experience to help entrepreneurs turn their ideas and technologies into high-growth companies,” said Finn. “March doesn’t just follow the market, they help define it, and its position in companies that are driving new efficiencies in the marketplace — from AI as a fundamental core in the enterprise to cloud-based Internet infrastructure — has paid off tremendously. I look forward to contributing to the firm’s portfolio.”

March Capital’s proven investment strategies have helped protect it from market volatility, with investments from its inaugural fund seeing an explosion of growth. March’s existing portfolio includes breakout cybersecurity firm CrowdStrike, Cloud-Delivered SD-WAN company VeloCloud, recently acquired by VMware, Mumbai-based payments network BillDesk, and others.

About March Capital Partners
March Capital Partners is a Santa Monica-based venture capital firm with one of the largest global funds in Southern California. Founded by industry veterans with over 50 years of investing experience, March Capital is unique in the Southern California market with its active investments in both early and late-stage companies in mobile, enterprise, infrastructure, gaming and other growth industries. The Founding Partners of March Capital include Jim Armstrong, Jamie Montgomery, Gregory Milken and Sumant Mandal. For more information, see http://www.marchcp.com/.