March Capital Partners raises up to $235m through pair of fundraises

California-based March Capital Partners has raised over $235m for a pair of VC funds.

The firm has picked up more than $120m for March Capital Partners Fund II, while a separate opportunity fund has pulled in around $114m according to documents filed with the SEC.

The firm is looking to pull in $150m for each vehicle according to the filings, although it is unclear if these are targets or hard caps.

March’s latest fundraise comes two years after the venture capital firm closed its $240m inaugural fund.

March Capital invests in ‘all types of enterprise software’ businesses, from Series A throughout later stages of the company’s growth. It focuses an pn enterprise on-demand services, technologies to enable hyperscale infrastructure and business opportunities from global mobile expansion.

Its portfolio includes online payment service BillDesk, paycheck company earin, blockchain-protected security platform Xage Security, and online payroll business branch, and car trading marketplace CarTrade, among others.

March Capital was formed by a group of technology industry veterans with collectively over 50 years of experience investing hundreds of millions of dollars in venture capital and private financings, including investments in PayPal, The Rubicon Project, Internet Brands and CrowdStrike.

Last week, the firm led the $12m Series A round of Xage Security, a blockchain-based security solution for industrial IoT.

Copyright © 2018 RegTech Analyst

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