Meritech Capital Partners

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Meritech Capital Partners
Private
IndustryPrivate equity
Founded1999
FoundersMike Gordon, Paul Madera, Rob Ward
HeadquartersPalo Alto, CA, United States
Key people
Craig Sherman (Managing Director)
ProductsVenture capital
Total assets$2.6 billion
Number of employees
20+
Websitewww.meritechcapital.com

Meritech Capital Partners is an American private equity 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.

History[edit]

The Palo Alto, California-based firm, was founded in 1999 with sponsorship from Accel Partners, Oak Investment Partners, Redpoint Ventures and Worldview Technology Partners.[1] 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.[2]

Investments[edit]

Among Meritech's most notable investments are Cornerstone OnDemand,[3] Facebook,[4] Fortinet, and Salesforce.com. Other notable investments include 2Wire, 10x Genomics,[5] Acclarent,[6] Alteryx,[7] Anaplan, BigFix,[8] Bright Health,[9] BroadSoft,[10] Bromium,[11] Carta,[12] Cloudera, Evernote, Force10,[13] Fusion-io,[14] Greenplum,[15] Imperva,[16] Instana,[17], IntraLase,[18] Lime,[5] Model N,[19] MuleSoft,[20] Netezza,[21] Netsuite,[22] Nextdoor,[23] Riverbed, Sourcefire, and Tableau Software.

References[edit]

  1. ^ Carlsen, Clifford (16 May 1999). "Venture firm scents juicy bone on web -- pet kibble". San Francisco Business Journals. Retrieved 18 December 2018.
  2. ^ Garland, Russ (30 July 2014). "Meritech Rounds Up $500M for Fifth Fund, Sees Later-Stage Opportunities Aplenty". Wall Street Journal. Retrieved 18 December 2018.
  3. ^ Shontell, Alyson; Huspeni, Andrea (13 July 2012). "The 23 Hot Los Angeles Startups You Need To Watch". Business Insider. Retrieved 18 December 2018.
  4. ^ Facebook raises $25M. San Francisco Business Times, April 19, 2006
  5. ^ a b "List of top Meritech Capital Partners Portfolio Companies". Crunchbase. Retrieved 2019-04-25.
  6. ^ "Acclarent - Investors". Crunchbase. Retrieved 2019-04-25.
  7. ^ Picker, Leslie (2015-10-28). "Iconiq Capital Leads $85 Million Investment in Alteryx". The New York Times. ISSN 0362-4331. Retrieved 2019-04-25.
  8. ^ "BigFix - Investors". Crunchbase. Retrieved 2019-04-25.
  9. ^ "Meritech Capital Partners". Crunchbase. Retrieved 2019-04-25.
  10. ^ "BroadSoft - Investors". Crunchbase. Retrieved 2019-04-25.
  11. ^ "Bromium". Crunchbase. Retrieved 2019-04-25.
  12. ^ Clark, Kate. "Cap table management tool Carta valued at $800M with new funding".
  13. ^ "Series D - Force10 Networks". Crunchbase. Retrieved 2019-05-06.
  14. ^ "Fusion-io - Investors". Crunchbase. Retrieved 2019-05-06.
  15. ^ "Greenplum Software". Crunchbase. Retrieved 2019-05-06.
  16. ^ "Imperva - Investors". Crunchbase. Retrieved 2019-05-06.
  17. ^ Farrell, Chris (26 September 2019). "Instana Secures $30 Million Series C Investment Led By Meritech To Extend Automated Monitoring". Instana.
  18. ^ "IntraLase Corporation - Investors". Crunchbase. Retrieved 2019-05-06.
  19. ^ "Model N - Investors". Crunchbase. Retrieved 2019-05-06.
  20. ^ "MuleSoft - Investors". Crunchbase. Retrieved 2019-05-16.
  21. ^ "Netezza - Investors". Crunchbase. Retrieved 2019-05-16.
  22. ^ "Oracle-NetSuite - Investors". Crunchbase. Retrieved 2019-05-16.
  23. ^ "Nextdoor - Investors". Crunchbase. Retrieved 2019-05-16.

External links[edit]