March Capital Partners Debuts

Paresh Dave reported in today’s Los Angeles Times that, “It took nearly three years, but the four men behind Los Angeles’ newest venture capital firm say they have amassed more money for an initial fund than anyone before in Southern California.

March Capital Partners pulled together $240 million from about 50 wealthy families, institutions and other investment groups. The Santa Monica firm plans to spread that money across dozens of technology start-ups worldwide during the next two years. Before formally launching Tuesday, March invested in 18 companies.”

Today’s article explained that, “March expects to focus on companies developing software that works behind the scenes to power major industries. Investments so far have included marketing software maker Bridg, video game statistics analyzer Dojo Madness and networking company VeloCloud Networks. March also is a stakeholder in the Hive and Fabric, which are spaces in the San Francisco Bay Area that provide mentorship to start-ups. Five of March’s investments come from the incubators, and March tripled its money when one of them sold seven months after launching.”

The L.A. Times article added that, “Entrepreneurs likely to win over March need to be self-aware and adaptable, the partners said.”

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