U.S. Venture Partners, a Menlo Park, CA-based venture capital firm, raised $292.6m for its latest fund.
According to a regulatory form filed with the SEC, U.S. Venture Partners XII, L.P., has a final target of $350m.
62 backers participated in the offering.
Led by General Partners Casey Tansey, Steve Krausz, Jonathan Root and Rick Lewis, U.S. Venture Partners focuses on early-stage start-ups that transform cybersecurity, enterprise software, consumer mobile and e-commerce, and healthcare.
In three decades, the firm has invested in over 400 companies including: Box, Castlight Health, Check Point Software, Concur, GoPro, Guidewire Software, HotelTonight, Imperva, InsideSales.com, Inspire Medical, Intersect ENT, Omada Health, SanDisk, Sun Microsystems, ThreatMetrix, Trunk Club, Trusteer, Yammer, and Zerto.
U.S. Venture Partners’ team consists of former entrepreneurs, technologists, corporate executives, and financial professionals who assist with strategy, scaling, team building, product development, and business development.