“As we have for nearly two decades, we remain focused on identifying and supporting innovative business software companies in high-growth product markets primed for rapid expansion.” And OpenView has already begun investing out of Fund VII and looks forward to supporting the next generation of software entrepreneurs as they scale through the expansion stage and beyond. OpenView expects to continue its high-conviction investing approach, which would enable OpenView to build trusted relationships with portfolio companies before, during, and after investment. And this level of resourcing makes it possible for the firm to work hand in hand with portfolio companies to attract and retain more of the best-fit customers and talent. With close to 80 team members, OpenView has a two-and-a-half-to-one ratio of people to portfolio companies. All of them are dedicated to the mission of improving people’s working lives by supporting business software companies that make this mission a reality. Since being founded in 2006, OpenView has raised a total of $2.4 billion across its 7 funds and has partnered with over 60 companies including Datadog, Calendly, Axonius, JumpCloud, UserTesting, and Workfront, among others.Īnd OpenView is led by veteran investors including Scott Maxwell, Mackey Craven, and Blake Bartlett, along with a next generation of partners who joined the partnership in its sixth fund. And OpenView invests globally across all business software categories including infrastructure, applications, cybersecurity, and vertical software. OpenView is going to maintain its focused strategy of high conviction and concentrated venture capital investments in business software companies at the expansion stage. And the latest fund represents a 25% increase over the firm’s sixth fund and is their largest to date – enabling OpenView to support more entrepreneurs through this challenging macroeconomic climate.

OpenView announced the closing of its seventh fund totaling $570 million, which is going to continue the firm’s dedication to partnering with high-growth software startups. OpenView announced it has closed a seventh fund totaling $570 million.