
OpenView Closes Seventh Fund at $570M Focused on “High-Growth Software Startups”
Business software focused OpenView Venture Partners closed its seventh fund at $570 million, a 25% increase over the firm’s $450 million grab in 2020 and its largest to date.
Led by Scott Maxwell, Mackey Craven, and Blake Bartlett, the Boston-based venture capital firm will continue to deploy its funds on “high-growth software startups,” including infrastructure, applications, cybersecurity and vertical software.
“As we have for nearly two decades, we remain focused on identifying and supporting innovative business software companies in high-growth product markets primed for rapid expansion,” said Craven, partner at OpenView.
OpenView has raised $2.4 billion across its seven funds since its founding in 2006 and has partnered with more than 60 companies, including Datadog, Calendly and UserTesting, among others.
The new fund has already made its first investment in Rewst, a company engaged in robotic process automation for the managed service provider sector.
