OpenView Venture Partners launches fourth fund


bosstonBoston-headquartered venture capital firm OpenView Venture Partners has launched its fourth fund.

OpenView Venture Partners IV has yet to register its first investment, according to a document filed with the US Securities and Exchange Commission.

The firm did not specify how much it was looking to raise for the fund, which follows its 2012-vintage $200m third vehicle. The fund eclipsed its target by $50m.

OpenView invests $5m to $20m in software and technology companies with annual revenues of between $2m and $20m.

Last November OpenView hired enterprise software expert Dev Ittycheria as its third managing director.

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