OpenView Venture Partners, a Boston, MA-based venture capital firm focused on business software, closed its sixth fund, at $450m.
The firm will manage Fund VI on behalf of a diverse group of endowments, pensions, foundations, and financial institutions, among other investors maintaining its focused strategy of concentrated venture investments in business software companies on the path to be large and enduring businesses.
Founded in 2006, the firm also provides a dedicated expansion team working with portfolio companies on go-to-market, sales and marketing, product led growth, talent, and corporate development.
With nearly 60 team members and 29 active portfolio companies, OpenView maintains a two-to-one ratio of people to portfolio companies, ensuring they are able to provide a deep partnership and focused support as companies grow into large and enduring businesses.
Since its founding, the firm has raised $1.5 billion in commitments across six funds and has partnered with 54 companies, including Datadog, Calendly, Instructure, Expensify, Highspot, and Workfront, among others.