Peterson Ventures racks up over $140m across two funds

Peterson Ventures targets SaaS and digital commerce.

  • Peterson Ventures’ Fund IV will invest up to about $2.5 million in seed and pre-seed stage startups
  • The Opportunity Fund I will enable the firm to invest follow-on checks at the growth stage in breakout portfolio companies from its core funds
  • With the launch of these two new funds, Peterson Ventures has over $550 million in assets under management

Peterson Ventures, a pre-Series A venture firm, has raised over $140 million for its fourth fund and inaugural opportunity fund.

Peterson Ventures targets SaaS and digital commerce.

Like its prior core funds, Peterson Ventures’ Fund IV will invest up to about $2.5 million in seed and pre-seed stage startups. The Opportunity Fund I will enable the firm to invest follow-on checks at the growth stage in breakout portfolio companies from its core funds.

With the launch of these two new funds, Peterson Ventures has over $550 million in assets under management.

“Being able to partner and collaborate with so many founders in the way that we do has been hugely satisfying,” said Ben Capell, managing director at Peterson Ventures, in a statement. “We’ve invested in nearly 100 founders so far and we look forward to growing not only our portfolio but our team as well. I love the work we do and am honored to keep it going with the support of some amazing limited partners.”

Founded in 2012, Peterson Ventures is venture arm of the Peterson Partners platform, an independent investment management firm with over $1.8 billion assets under management.

Peterson Peterson Ventures is run by managing director Ben Capell and general partner Ilana Stern.

Peterson Ventures is backed in Utah and the Bay area.