VC Investor March Capital Closes Fourth Fund at $650M, Eyes AI Startups

Venture capital firm March Capital closed its fourth fund – March Capital Fund IV – at $650 million, its largest fund to date. The fund’s strategy is targeting startups building cloud-based business software, including AI, cybersecurity, and data-infrastructure systems.

With Fund IV, the firm anticipates investing further in a number of these companies and making 12-15 new investments. These will likely be startups approaching or in their growth stage since March Capital typically backs later stage rounds after Series B.

“The close of March Capital’s largest fundraise reinforces our differentiated investment thesis and strong track record of identifying and scaling companies that are powering the innovation economy,” said March Capital co-founder and managing partner Jamie Montgomery.

The firm has $1.65B+ in capital under management over 4 funds and across 25+ technology companies. Some of them include: CrowdStrike, Expel, Forter, ASAPP, Uniphore, ThoughtSpot, Nile, and Generate Biomedicines.

The Santa Monica-based firm has made investments in seed-stage startups in late 2022, including backing a nearly $11 million seed round for Los Angeles-based game studio Playgig.

Founded in 2014 by Montgomery and Sumant Mandal, the firm manages approximately $1.6 billion over four funds across 25+ technology companies, including CrowdStrike, Expel, Forter, ASAPP, Uniphore, ThoughtSpot, Nile, and Generate Biomedicines.