OpenView Venture Partners, a Boston, MA-based expansion-stage venture capital firm, has raised $200m for its third fund.
The vehicle, which was oversubscribed exceeding its $150m target, will allow OpenView to continue to invest globally in expansion-stage software, Internet, and technology-enabled companies that generate between $2m and $20m in annual revenue and are seeking between $5m and $15m in venture capital.
Through its strategic consulting arm, OpenView Labs, the firm provides support to the management of its portfolio companies.
Along with its network of senior advisors, the Labs team partners with portfolio companies on a range of functional areas, including recruiting, go-to-market support, and research and analytics.
OpenView Venture Partners was founded in 2006 by Senior Managing Director Scott Maxwell.