Friday, May 22, 2015

Ignition Partners Raises $200M Enterprise Software Fund

Venture capital investor Ignition Partners has raised a new, $200M fund, the company said Thursday. The investment firm--which has offices in both Palo Alto and Bellevue, Washington--said that Ignition Venture Partners VI, and will target investments in enterprise software startups. Ignition said that, although the fund was "significantly oversubscribed" with more than $300M in interest in the fund, it elected to keep the fund to a smaller size to allow it to continue to invest in a smaller number of Series A startups.