Meritech Capital Partners

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. It is known as one of the most prestigious technology growth equity firms in the world. Their funds are some of the best performing in the growth equity industry.

Meritech Capital Partners
TypePrivate
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

History

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

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, CloudHealth Technologies,[13] Datadog,[14] DataStax,[15] Evernote, Force10,[16] ForgeRock,[17] Fusion-io,[18] GoFundMe,[19] Greenplum,[20] Icertis,[21] Imperva,[22] Instana,[23] IntraLase,[24] Kinetica,[25] Lifesize,[26] Lime,[5] Model N,[27] MuleSoft,[28] Netezza,[29] Netsuite,[30] Nextdoor,[31] Niantic,[32] Proofpoint,[33] Riverbed,[34] Roblox,[35] Sourcefire, and Tableau Software.

References
  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. "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. "CloudHealth Technologies Venture Capital and Private Equity Financings". www.vcnewsdaily.com. Retrieved 2020-01-14.
  14. "Datadog - Investors". Crunchbase. Retrieved 2020-01-14.
  15. "Series C - DataStax - 2012-10-01". Crunchbase. Retrieved 2020-01-14.
  16. "Series D - Force10 Networks". Crunchbase. Retrieved 2019-05-06.
  17. "ForgeRock - Investors". Crunchbase. Retrieved 2020-01-14.
  18. "Fusion-io - Investors". Crunchbase. Retrieved 2019-05-06.
  19. "GoFundMe - Investors". Crunchbase. Retrieved 2020-01-14.
  20. "Greenplum Software". Crunchbase. Retrieved 2019-05-06.
  21. "Icertis". crunchbase. Retrieved 17 January 2020.
  22. "Imperva - Investors". Crunchbase. Retrieved 2019-05-06.
  23. Farrell, Chris (26 September 2019). "Instana Secures $30 Million Series C Investment Led By Meritech To Extend Automated Monitoring". Instana.
  24. "IntraLase Corporation - Investors". Crunchbase. Retrieved 2019-05-06.
  25. "Kinetica". Crunchbase. Retrieved 17 January 2020.
  26. "Lifesize". Crunchbase. Retrieved 17 January 2020.
  27. "Model N - Investors". Crunchbase. Retrieved 2019-05-06.
  28. "MuleSoft - Investors". Crunchbase. Retrieved 2019-05-16.
  29. "Netezza - Investors". Crunchbase. Retrieved 2019-05-16.
  30. "Oracle-NetSuite - Investors". Crunchbase. Retrieved 2019-05-16.
  31. "Nextdoor - Investors". Crunchbase. Retrieved 2019-05-16.
  32. "List of top Meritech Capital Partners Portfolio Companies - Investments". Crunchbase. Retrieved 2019-07-02.
  33. "Proofpoint". Crunchbase. Retrieved 2019-07-02.
  34. "Riverbed Technology - Investors". Crunchbase. Retrieved 2019-07-02.
  35. "Roblox". Crunchbase. Retrieved 2019-07-02.


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