OpenView Venture Partners raises $250 million fund
SAN FRANCISCO (Reuters) - OpenView Venture Partners said it had raised a $250 million (155.61 million pound) fund, its fourth, amid a strong environment for venture fundraising.
The firm focuses on enterprise software, and has backed businesses such as AtTask, a Utah-based work-management company; and Mashery, a San Francisco-based company bought by Intel Corp last year that helps build applications.
Founded in Boston in 2006, OpenView last raised $200 million in 2012.
Last week, consulting firm Pitchbook said 73 funds raised a total of $9 billion globally last quarter, compared with 66 funds that raised $5.6 billion a year earlier.
(Reporting by Sarah McBride; Editing by Jonathan Oatis)
