Thursday, January 14, 2021
March Capital Raises $450M In New Fund
Santa Monica-based March Capital (formerly March Capital Partners) announced on Thursday that it has raised its third fund, March Capital Fund III, which it closed at $450M in commitments. According to the firm, the new fund is focused on enterprise software companies, and included both existing and new investors. March Capital said the new fund--much like its prior funds--will focus on enterprise AI, industrial technology, cybersecurity, financial technology and next generation cloud infrastructure. March Capital's prior funds have seen over $1 billion in realized profits through exits at CrowdStrike, VeloCloud, ASAPP, BillDesk, CarTrade, Earnin, Forter, SparkCognition, Uniphore, and others. As part of the new fund announcement, March Capital also said it has launched a new nonprofit foundation called the March Capital Foundation, focused on such areas of homelessness, community health, and inner-city youth advancement. March Capital's Co-Managing partners include Sumant Mandal, Jamie Montgomery, and Gregory Milken; the firm says it now has 15 investment professionals working at the firm.