Boston-based venture capital firm OpenView recently closed its seventh fund at an impressive $570 million. The fund will continue the company’s commitment to partnering with business software enterprises during their expansion stages.
A Decade-Long Legacy of Investing in Business Software
OpenView, led by Scott Maxwell, Mackey Craven, and Blake Bartlett, has built a solid reputation for investing globally in business software companies spanning various categories such as infrastructure, applications, cybersecurity, and vertical software. Established in 2006, the firm has raised a total of $2.4 billion across its seven funds and has partnered with over 60 companies. Notable names in OpenView’s portfolio include Datadog, Calendly, Axonius, JumpCloud, UserTesting, and Workfront.
A Dedicated Expansion Team to Drive Growth
OpenView distinguishes itself by having a dedicated expansion team equipped with the operational expertise necessary to support its portfolio companies in crucial areas like sales, marketing, product-led growth, talent acquisition, and corporate development. The firm has already begun investing out of its latest Fund VII.
Continuing the Tradition of Empowering Expansion-Stage Companies
With the closing of its seventh fund, OpenView remains steadfast in its mission to support business software companies in their expansion journey. As the firm continues to invest in and partner with innovative companies, OpenView’s contributions will undoubtedly shape the future of the software industry.