Tuesday, May 24, 2016
March Capital Partners Launches $240M Venture Fund
Santa Monica-based March Capital Partners, the venture capital investment firm founded by venture investment veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, said this morning that it has had a final close on its first fund, at $240M. Armstrong and Mandal previously led Clearstone Venture Partners and idealab Capital Partners, Montgomery was the founder and CEO of Montgomery & Co., as well as the Montgomery Summit, and Milken was the founder and COO of AltEgo and and executive at Knowledge Universe.
March Capital Partners said it has already invested more than $100M across 15 different companies, including AppCito, App lariat, BillDesk, Bridg, CarTrade, Coho Data, Deep Forest Media (sold to Rakuten), Dojo Madness, E8 Security, OpenHouse, Pensa Networks, Perspica, quick.ly, VeloCloud Networks, Vyng and ZowDow. The firm said it invests globally, and invests in everything from mobile, enterprise, infrastructure, to gaming and other industries. March Capital Partners' founders have previously invested in such companies as PayPal, The Rubicon Project, Internet Brands and CrowdStrike. (Image: March Capital Partners founders, left to right, Gregory Milken, Jim Armstrong, Jamie Montgomery, and Sumant Mandal)