Sorenson Ventures, a Palo Alto, CA- and and Lehi, UT-based venture capital firm that invests in enterprise software and security companies, closed its second fund, at $150m.
Limited partners in Sorenson Ventures II include foundations, endowments, fund of funds, a reinsurance company, a pension fund, and corporate, family office, and experienced individual technology investors.
A partner firm of Sorenson Capital, a growth equity firm focused on enterprise software and security investments, Sorenson Ventures focuses on investing in early-stage companies in sectors that include developer tools, machine learning applications, data infrastructure, management platforms, and security companies protecting new attack vectors. The fund typically invests in companies at the Seed or Series A stages.
Founded in 2017 by Ken Elefant and Rob Rueckert, Sorenson Ventures has invested in over 30 early-stage companies including Socure, an identity verification platform; CyCognito, a cyber security startup; Oyster, a remote hiring platform company; Vendia, a real-time secure data sharing platform; MX, a data-driven finance solution; Qualio, a quality management system; and Via, a mobile commerce platform. The firm has already had several exits from its first fund, Sorenson Ventures I, including Bridgecrew (acquired by Palo Alto Networks), CloudKnox (acquired by Microsoft), and Openpath (acquired by Motorola).
In addition to Founding Partners Ken Elefant and Rob Rueckert, the Sorenson Ventures team includes Vidya Raman, Eric Hilton, Michelle Moon, Bert Roberts, and Tony Spinelli.