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Ex-Austin Ventures execs eye up to $100m for debut Elsewhere Partners fundraise

1905

Elsewhere Partners, the growth stage firm launched last year by former Austin Ventures general partners Chris Pacitti and John Thornton, has filed to raise up to $100m for its debut fund.

The firm’s strategy eschews chasing unicorns in for ‘billions-or-bust’ in favour of making consistently good investments in software companies “which don’t fit the traditional model”.

No capital has been registered to date according to the filing. Elsewhere said in September last year that it had already invested $30m in deals.

Investments made to date include network optimiser Itential, medical technology manufacturer Relatient, software company Tasktop and platform optimiser Vyopta.

The firm is targeting seven-figure investments in companies with at least a $4m revenue run rate and growth of at least 40 per cent.

Targets will generally have raised less than $10m of prior funding, it added.

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