Investor Type | Firm |
Type of Fund | Other |
Industries | Software (Web Marketplace Saas..) • IT (& TMT) • Media • Businesses Solutions • FinTech (& Financials services) • Hardware (& Manufacturing) • A.I. (& Big Data) • HealthTech (& Fitness) • Web Security (& Privacy) • Analytics • Cloud Services (& Infrastructure) • Medical Devices (& Hospital Services) • Messaging • Healthcare (& Wellness) • Investment Management • Mobile • Online Social • Consumer |
Stages | Series A, Series B, Seed |
Investing | United States |
Investment Range | $5,000,000 - $25,000,000 |
Investment Sweet Spot | $12,000,000 |
Assets Under Management | $630,000,000 |
Meritech Capital Partners is a venture capital firm that is based in Palo Alto, California. The firm was founded in 1999 and it invests in the technology sector. They specialize in providing growth stage capital to category-defining private technology companies and are committed to helping entrepreneurs build market-leading companies. With over $6.3 billion in assets under management, they take pride in partnering with founders who aspire to transform industries and create new ones. Their primary focus includes software (including web marketplaces and SaaS), IT and TMT, media, business solutions, FinTech and financial services, hardware and manufacturing, AI and big data, HealthTech and fitness, web security and privacy, analytics, cloud services and infrastructure, medical devices and hospital services, messaging, healthcare and wellness, investment management, mobile, online social, consumer, and more. Meritech typically invests between $5 million and $25 million, with a sweet spot of around $12 million, in growth-stage businesses, primarily targeting Series A, Series B, and sometimes Seed rounds. The firm prioritizes companies that demonstrate exceptional technology, market leadership, and a clear path to profitability or are already profitable. This includes substantial revenue traction and rapid growth with the potential for continued expansion. With team members working as frontline partners at every step of the company's journey, Meritech plays an integral role in linking entrepreneurs to a broad business network, aiding in recruiting key executives, providing financial advice and assistance, and connecting to future investors. Although the industries they invest in are broad, the unifying theme across these sectors is the potential for the companies to scale and become leaders in their markets, affecting significant change and offering innovative solutions. Their portfolio highlights reflect their achievements in different technology sectors, including companies like Datadog, Snowflake, and UI Path, which have made a significant impact in their respective areas.