March Capital (formerly March Capital Partners), a Santa Monica, CA–based venture growth firm, closed March Capital Fund III, at $450M.
With support from both existing and new investors, the fund is focused on supporting entrepreneurs developing innovative software and solutions in enterprise AI, industrial technology, cybersecurity, financial technology and next generation cloud infrastructure.
Led by Co-Managing Partners Jamie Montgomery and Sumant Mandal, the firm has 15 investment professionals and $1B+ AUM. Two-time entrepreneur Wes Nichols and India-based Rajan Mehra are new Partners for Fund III who join existing Partner Jed Leidheiser and Co-Managing Partner Gregory Milken, who leads the March Gaming investment fund.
The close of Fund III follows the success of Funds I and II, with over $1 billion in realized profits through investments in breakout enterprise companies including CrowdStrike (Nasdaq: CRWD), VeloCloud (acquired by VMWare), ASAPP, BillDesk, CarTrade, Earnin, Forter, SparkCognition, Uniphore and other portfolio companies.
The firm also announced the March Capital Foundation, formalizing the firm’s longstanding community engagement and amplifying its commitment to increase the opportunities in the innovation economy for broader and at-risk communities in Southern California. The Foundation’s focus includes homelessness, community health, and inner-city youth advancement.