Meritech Capital Partners

Meritech Capital Partners Meritech Capital Partners is a venture capital firm that focuses on investing in information technology and life sciences companies. The firm was founded in 1999 and is headquartered in Palo Alto, California. With over two decades of experience, Meritech Capital Partners has established itself as a prominent player in the venture capital industry, with a portfolio of successful investments in companies such as Facebook, Twitter, and Zillow. The firm's investment strategy is centered around supporting innovative companies with high growth potential.

History

Meritech Capital Partners was founded in 1999 by a team of experienced venture capitalists, including William P. Foley and Mark Heesen. The firm initially focused on investing in technology and life sciences companies in the San Francisco Bay Area. Over the years, Meritech Capital Partners has expanded its investment scope to include companies across the United States. The firm has a long history of successful investments, with many of its portfolio companies going on to become IPOs or M&A exits.

Investment focus

Meritech Capital Partners focuses on investing in growth-stage companies in the information technology and life sciences sectors. The firm's investment strategy is centered around supporting companies with high growth potential, strong management teams, and a clear path to scalability. Meritech Capital Partners typically invests between $10 million and $100 million in each company, with a focus on Series B to Series E funding rounds. The firm has a strong network of portfolio companies, investors, and industry experts, which provides its portfolio companies with valuable strategic support and networking opportunities.

Notable investments

Some of Meritech Capital Partners' most notable investments include Facebook, Twitter, Zillow, Groupon, and Athleta. The firm has also invested in several other successful companies, including AppNexus, Bromium, and C2FO. These investments demonstrate Meritech Capital Partners' ability to identify and support high-growth companies in the technology and life sciences sectors.

Fund performance

Meritech Capital Partners has a strong track record of fund performance, with several of its funds achieving top quartile performance. The firm's Fund VII, which was raised in 2014, has generated a net IRR of over 20%. Meritech Capital Partners' Fund VIII, which was raised in 2019, has also performed well, with a net IRR of over 15%. The firm's strong fund performance is a testament to its experienced investment team and its disciplined investment approach.

Leadership and team

Meritech Capital Partners is led by a team of experienced venture capitalists, including Rick Obriquelat, Dennis Purcell, and Mark Heesen. The firm's investment team has a deep understanding of the technology and life sciences sectors, with many years of experience investing in and supporting high-growth companies. Meritech Capital Partners' leadership team has a strong track record of investment success, with many IPOs and M&A exits among its portfolio companies.

Category:Private equity firms