Ridge Ventures Raises $180M Fifth Fund

ridge ventures

Ridge Ventures, a San Francisco, CA-based early-stage venture capital firm specializing in Seed and early Series A enterprise software investments, closed its fifth fund, Ridge Ventures V, L.P., and related entities, with $180m in total capital commitments.

Commitments to the fund were secured from a diverse and global set of limited partners—many of them longstanding Ridge investors —including foundations, health systems, family offices, fund-of-funds, consultants, private wealth platforms, and insurance companies, with over 85 percent of capital commitments coming from institutional LPs. Additionally, over 30 Ridge founders invested in the fund, as well as a large number of CXOs from the proprietary Ridge Revenue Network, a consortium of Fortune 500 CIOs and CMOs that connects Ridge founders to potential customers.

The fund will continue to pursue Ridge’s longstanding, specialized strategy of investing in Seed and early Series A financing rounds for post-product, pre-product-market fit enterprise software companies started by experienced founders.

Ridge is actively deploying the fund, with recent portfolio investments including Seed rounds in Theom, Streamline AI, Aeqium, Kibsi, Arya, and several unannounced investments.

This focused strategy has generated investments in companies, such as Braze, Krux, Bolt, Discord, Fastly and many others, over four predecessor funds.

Led by Alex Rosen, Managing Partner, Ridge Ventures is a specialist venture capital firm, with over $540M in assets under management. The firm invests in early-stage, innovative companies operating exclusively in the enterprise software sector. With the closing of Ridge V, Ridge’s total assets under management (“AUM”) now exceeds $540m.

The firm is headquartered in San Francisco, CA and has offices in Austin, Texas.