Thursday, May 21, 2015

Ignition Partners Targets Enterprise Software With New, $200M Fund

Bellevue-based Ignition Partners said Thursday that it has raised $200M in its newest fund, Ignition Venture Partners VI, and will target investments in enterprise software startups. The company said the fund was significantly oversubscribed, with more than $300M in interest in the fund. Ignition said it decided to keep the fund smaller so that it could continue to target a small number of Series A startups. Fund VI will officially be led by Frank Artale, John Connors, and Nick Sturiale.