OpenView Venture Partners, an American venture capital firm based in Boston, Massachusetts, has started the raising process its fourth fund at $250 million, according to Fortune.
The Boston-based venture capital firm disclosed yesterday in a regulatory filing that it had begun raising the fund, but did not provide any financial target.
OpenView was formed in 2006 as a spinout from New York-based Insight Venture Partners, which was focusing more on large deals. It typically invests between $5 million and $20 million in B2B software companies with between $2 million and $20 million in annual revenue.
Portfolio companies have included ExactTarget (acquired by Salesforce.com), Zmags (acquired by Gores Group), Mashery (acquired by Intel), Monetate and Spreadfast.
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Boston, Boston Venture Capital, Massachusetts, OpenView Venture Partners, New York, Insight Venture Partners, B2B Software, ExactTarget, Salesforce.com, Zmags, Gores Group, Mashery, Intel, Monetate, Spreadfast.