March Capital Partners, a Santa Monica, CA-based venture capital firm, closed its first fund, at $240m.
Founded by Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, March Capital invests in both early and late-stage companies across multiple technology sectors, focusing in large part on the infrastructure behind today’s consumer and mobile services.
The founding team mambers collectively have over 50 years of experience investing hundreds of millions of dollars in venture capital and private financings, including investments in PayPal, The Rubicon Project, Internet Brands and CrowdStrike.
Montgomery is the founder and former CEO of Montgomery & Co. and founder of the Montgomery Summit, a conference gathering entrepreneurs, senior-level investors and top executives from private technology companies and venture capital firms.
Milken brings 15 years of entrepreneurial and operational experience to the firm as founder and former COO of AltEgo, and as a senior executive at Knowledge Universe.
Mandal and Armstrong began investing together at idealab Capital Partners and then Clearstone Venture Partners, where they focused on early-stage investments.
The firm has already invested more than $100m including 10 series A investments and 4 series C investments. Portfolio companies include Appcito, appLariat, 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. It has also backed The Hive and The Fabric.