VC Ridge Makes History, Raises $180M to Invest in Early-Stage Software Startups

Ridge Ventures, an early-stage venture capital firm specializing in Seed and early Series A enterprise software companies, closed its fifth fund, Ridge Ventures V, LP at $180 million, exceeding its initial target and marking the largest raise in the firm’s history.

Along with investments from Ridge founders, commitments to the fund were secured from a set of LPs, many of them longstanding Ridge investors, including leading foundations, health systems, family offices, fund-of-funds, consultants, private wealth platforms and insurance companies.

With more than $540 million in assets, San Francisco-based Ridge is actively deploying the fund, with recent investments including Seed rounds in Theom, Streamline AI, Aeqium, Kibsi, Arya and several unannounced investments.

“We see significant investment opportunities in today’s market as we continue to focus on supporting experienced founders addressing substantial enterprise needs in infrastructure, developer tools, the API ecosystem, artificial intelligence, cybersecurity and corporate SaaS,” said Alex Rosen, Managing Partner at Ridge.

Ridge has invested in companies such as Braze, Krux, Bolt, Discord, Fastly, among others, over four predecessor funds.