Rally Ventures, a Menlo Park, CA- and Minneapolis, MI-based technology venture capital firm, closed Rally IV, at $250m.
The fund – which brings the firm’s total committed capital raised since inception to nearly $600m – invests in Seed and Series A companies bringing innovative approaches to enterprise technology. Areas of focus will include cloud infrastructure, fintech, SaaS+ and security.
Founded in 2012 by Charles Beeler and Jeff Hinck, who have co-invested together for over 20 years, and also led by Justin Kaufenberg, Rally Ventures invests exclusively in early-stage business technology companies, focusing on entrepreneurs creating major new markets or bringing transformative approaches to existing ones.
The firm, which closed its last fund of $150m in 2018, also has a team including a dynamic group of more than 100 Rally Tech Partners—visionaries, technologists and executives with deep sector expertise—who help source, evaluate and support early-stage companies. These Rally Tech Partners have themselves invested more than $100 million into Rally Ventures funds thus far.
In under a decade, the firm has invested in over 50 companies and built a nationwide portfolio of sector-spanning investments, with consistently strong performance across funds. Notable investments include Braze, CrowdStreet, Total Expert, Bugcrowd, Carbon Black (IPO and subsequently acquired by VMware), Coupa (IPO), SportsEngine (acquired by NBC Sports), Twistlock (acquired by Palo Alto Networks) and Verodin (acquired by FireEye).
FinSMEs
09/12/2020