Ridge Ventures an early-stage venture capital firm specializing in Seed and early Series A enterprise software investments, announced today that its fifth fund, Ridge Ventures V, L.P. and related entities, has successfully closed with $180 million in total capital commitments, exceeding its initial fundraising target and becoming the firm’s largest fund in its history.
Ridge’s total assets under management now exceeds $540 million with the completion of Ridge V. This is a big amount in comparison to other sector-focused Seed businesses, and it includes sizeable pledges from key institutional investors.
Ridge’s long-standing, specialized approach of investing in Seed and early Series A financing rounds for post-product, pre-product-market fit business software startups founded by experienced founders will be continued.
Ridge’s long-standing, specialized approach of investing in Seed and early Series A financing rounds for post-product, pre-product-market fit business software startups founded by experienced founders will be continued. Over four predecessor funds, this concentrated strategy resulted in investments in successful startups such as Braze, Krux, Bolt, Discord, Fastly, and many others.
Ridge is aggressively deploying the money, with recent portfolio investments in Theom, Streamline AI, Aeqium, Kibsi, Arya, and other unannounced investments.
Commitments to the fund were secured from a diverse and global set of limited partners, many of whom are longstanding Ridge investors, including leading foundations, health systems, family offices, fund-of-funds, consultants, private wealth platforms, and insurance companies, with institutional LPs accounting for over 85 percent of capital commitments.
In addition, over 30 Ridge founders and a large number of CXOs from the unique Ridge Revenue Network, a consortium of Fortune 500 CIOs and CMOs that connects Ridge founders to potential clients, invested in the fund.Ridge Ventures is a top specialist venture capital firm, managing approximately $540 million in assets. The firm only invests in early-stage, innovative companies in the enterprise software area.
Ridge invests in seasoned entrepreneurs who believe in their own vision and voice and seek venture capital based on mutual trust that benefits them as people first and founders second. The company is based in San Francisco, California, with offices in Austin, Texas.