Meritech Capital Partners Explained

Meritech Capital Partners
Type:Private
Foundation:1999
Founders:Mike Gordon, Paul Madera, Rob Ward
Location:Palo Alto, CA, United States
Industry:Late-Stage Venture Firm
Key People:Craig Sherman (Managing Director)
Products:Venture capital
Assets:$2.6 billion
Homepage:www.meritechcapital.com
Num Employees:20+

Meritech Capital Partners is an American Venture Firm company focused on late-stage venture capital investments in information technology companies with a focus on consumer Internet and media, software and services, enterprise infrastructure, and medical devices. Investments has included the popular online game Roblox, Datadog and Salesforce.[1]

History

The Palo Alto, California-based firm, was founded in 1999 with sponsorship from Accel Partners, Oak Investment Partners, Redpoint Ventures and Worldview Technology Partners.[2] Since 2003, however, Meritech has independently operated and invested in later-stage technology companies. The firm has raised approximately $2.6 billion since inception across four funds. In July 2014 Meritech raised a $500 million fund with a $65 million sidecar vehicle.[3]

External links

Notes and References

  1. Web site: 2020-06-03 . Meritech Raises $800 Million for Investment Fund . 2022-09-10 . bloomberg.com.
  2. Web site: Venture firm scents juicy bone on web -- pet kibble. Carlsen. Clifford. 16 May 1999. San Francisco Business Journals. 18 December 2018.
  3. Web site: Meritech Rounds Up $500M for Fifth Fund, Sees Later-Stage Opportunities Aplenty. 30 July 2014. Garland. Russ. Wall Street Journal. 18 December 2018.