High Alpha Closes Over $100 Million
Venture studio High Alpha secured over $100 million, making it one of the largest venture studios in the world. High Alpha’s venture studio model conceives, launches and scales software-as-a-service (SaaS) businesses by uniting company building and venture capital.
High Alpha Studio II, an enterprise cloud startup studio, raised $16.65 million from repeat investor Emergence Capital, based in San Francisco, California, and an early investor in cloud luminaries Salesforce, Box, and Veeva Systems, alongside new investor Foundry Group, based in Boulder, Colorado. Foundry Group partner Brad Feld will join the High Alpha board alongside Gordon Ritter, founder and general partner of Emergence Capital, and the High Alpha partners.
High Alpha Capital, a seed and Series A venture capital fund, also announced the close of High Alpha Capital II, an $85 million fund focused on supporting innovative entrepreneurs building the next generation of enterprise software. With its previous fund of $21 million, High Alpha Capital I’s portfolio boasts many leading software startups and scale-ups across North America, including G2 Crowd, Narvar, SalesLoft, When I Work, Integrate, Terminus, DroneDeploy, Lessonly, Zylo, and Sigstr.