# OpenView: portfolio, investments and team

> OpenView is a vc firm based in United States. 50 investments on record, latest Dec 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/openview (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# OpenView

Last cheque observed Dec 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $518M, Sept 2022 VC firm

Seed Series A Series B Subscription Recurring Enterprise

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 50 on record

Since the last cheque **2524** days **00** hrs **00** min **00** sec

Median round **$27M** Cheque size, as they say **$5.0M – $50M** Rounds led **3 of 50** Sole investor **14 rounds** Exits **5 from the portfolio** Mostly in **United States, 90%**

Pitch OpenView

## OpenView highlights

- 01 50 rounds on record
- 02 Mostly Series B and Series C: 51% of its rounds
- 03 Sole investor in 14 rounds, median $8.0M
- 04 5 exits from the portfolio

## What they do

> For over two decades, we've helped build business software companies at the expansion stage into market leaders. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $5.0M – $50M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Subscription Recurring Enterprise
- **Based in:** Boston, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **50 appearances**

- **2019** 7 rounds
- **Dec** **[Highspot](https://millionrounds.com/company/highspot)** Series D · US · Prnewswire **$75M** With 4 others
- **Aug** **Axonius** Series B · US · FinSMEs **$20M** *Led*
- **Jul** **[Balena](https://millionrounds.com/company/balena)** Series B · US · FinSMEs **$14M** *Led*
- **Jul** **[Pipefy](https://millionrounds.com/company/pipefy)** Series B · US · VentureBeat **$45M** With 2 others
- **Jun** **[Highspot](https://millionrounds.com/company/highspot)** Series D · US · FinSMEs **$60M** With 5 others
- **May** **Logz.io** Series D · IL · FinSMEs **$52M** With 5 others
- **May** **[JumpCloud](https://millionrounds.com/company/jumpcloud)** US · FinSMEs **$50M** With 2 others
- **2018** 5 rounds
- **Oct** **[project44](https://millionrounds.com/company/project44)** US · FinSMEs **$45M** With 6 others
- **Sept** **[JumpCloud](https://millionrounds.com/company/jumpcloud)** US · FinSMEs **$10M** With 1 other
- **Jul** **[Cogito](https://millionrounds.com/company/cogito)** Series C · US · TechCrunch **$37M** With 1 other
- **Mar** **[Pipefy](https://millionrounds.com/company/pipefy)** Series A · US · Crunchbase News **$16M** *Led*
- **Feb** **[Loopio](https://millionrounds.com/company/loopio)** Series A · CA · FinSMEs **$9.0M** Sole investor
- **2017** 2 rounds
- **Nov** **[Lessonly](https://millionrounds.com/company/lessonly)** Series B · US · FinSMEs **$8.0M** With 3 others
- **Jan** **[Deputy](https://millionrounds.com/company/deputy)** Series A · AU · FinSMEs **$25M** Sole investor
- **2016** 2 rounds
- **Aug** **[Logikcull](https://millionrounds.com/company/logikcull)** US · FinSMEs **$10M** Sole investor
- **Jul** **[Pantheon](https://millionrounds.com/company/pantheon)** Series C · US · TechCrunch **$29M** With 2 others
- **2013** 7 rounds
- **Dec** **[Monetate](https://millionrounds.com/company/monetate)** Series C · US · techcrunch.com **$8.0M** With 4 others
- **Nov** **[Signpost](https://millionrounds.com/company/signpost)** Series B · US · techcrunch.com **$10M** With 3 others
- **Sept** **[NextDocs](https://millionrounds.com/company/nextdocs)** Series C · US · finsmes.com **$14M** With 2 others
- **Sept** **[Balihoo](https://millionrounds.com/company/balihoo)** Venture · US · finsmes.com **$5.0M** Sole investor
- **Jul** **[uSamp](https://millionrounds.com/company/usamp)** Series D · US · finsmes.com **$15M** With 1 other
- **Jun** **[Socrata](https://millionrounds.com/company/socrata)** Series B · US · techcrunch.com **$18M** With 3 others
- **Feb** **[Spredfast](https://millionrounds.com/company/spredfast)** Series C · US · finsmes.com **$18M** With 2 others
- **2012** 6 rounds
- **Nov** **[Intronis](https://millionrounds.com/company/intronis)** Venture · US · news.yahoo.com **$12M** With 1 other
- **Jul** **[Mashery](https://millionrounds.com/company/mashery)** Venture · US · techcrunch.com **$10M** With 4 others
- **May** **[Sonian](https://millionrounds.com/company/sonian)** Series C · US · finsmes.com **$14M** With 2 others
- **Mar** **[UnboundID](https://millionrounds.com/company/unboundid)** Series B · US · finsmes.com **$13M** Sole investor
- **Mar** **[Exinda](https://millionrounds.com/company/exinda)** Series B · US · finsmes.com **$12M** With 1 other
- **Jan** **[Balihoo](https://millionrounds.com/company/balihoo)** Venture · US · finsmes.com **$5.0M** With 1 other
- **2011** 7 rounds
- **Dec** **[Zmags](https://millionrounds.com/company/zmags)** Debt · DK · techcrunch.com **$7.0M** With 2 others
- **Oct** **[Kareo](https://millionrounds.com/company/kareo)** Series D · US · fis.dowjones.com **$10M** With 3 others
- **Sept** **[Xtium](https://millionrounds.com/company/xtium)** Series A · US · bizjournals.com **$12M** Sole investor
- **Aug** **[NextDocs](https://millionrounds.com/company/nextdocs)** Series A · US · techcrunch.com **$10M** With 2 others
- **Aug** **[Monetate](https://millionrounds.com/company/monetate)** Series B · US · techcrunch.com **$15M** Sole investor
- **May** **[Mashery](https://millionrounds.com/company/mashery)** Series D · US · techcrunch.com **$11M** With 3 others
- **Apr** **[Instructure](https://millionrounds.com/company/instructure)** Series B · US · techcrunch.com **$8.0M** With 4 others
- **2010** 3 rounds
- **Dec** **[Skytap](https://millionrounds.com/company/skytap)** Series C · US · techcrunchit.com **$10M** With 3 others
- **Sept** **[Kareo](https://millionrounds.com/company/kareo)** Venture · US · kareo.com **$9.5M** Sole investor
- **Jun** **[uSamp](https://millionrounds.com/company/usamp)** Series C · US · techcrunch.com **$10M** With 2 others
- **2009** 1 round
- **Aug** **[Balihoo](https://millionrounds.com/company/balihoo)** Series C · US · techcrunch.com **$7.0M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **11 named**

AC **Adam C. Marcus** Executive Officer i Filing they signed

BC **Blake C. Bartlett** Executive Officer i Filing they signed

DC **Daniel C. Demmer** Executive Officer i Filing they signed

DM **Devon M. McDonald** Executive Officer i Filing they signed

EC **Elizabeth Cain** Executive Officer i Filing they signed

JC **John C. Craven** Executive Officer i Filing they signed

JM **John M. McCullough** Executive Officer i Filing they signed

RM **Richard M. Pelletier** Executive Officer i Filing they signed

RC **Rufus C. King** Executive Officer i Filing they signed

SK **Sanjiv Kalevar** Executive Officer i Filing they signed

SM **Scott M. Maxwell** Executive Officer i Filing they signed

We also hold **34** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$839M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Openview Advisors, LLC
- **SEC number:** CRD 316766

## Exits from the portfolio

Companies it backed that were later bought or listed **5 in all**

**[Intronis](https://millionrounds.com/company/intronis)** Bought by [Barracuda Networks](https://millionrounds.com/fund/barracuda-networks) **Undisclosed** Sept 2015

**[Central Desktop](https://millionrounds.com/company/central-desktop)** Bought by PGi **Undisclosed** Oct 2014

**[Mashery](https://millionrounds.com/company/mashery)** Bought by [Intel](https://millionrounds.com/fund/intel) **Undisclosed** Apr 2013

**[Astaro](https://millionrounds.com/company/astaro)** Bought by Sophos **Undisclosed** May 2011

**[Loyalty Lab](https://millionrounds.com/company/loyalty-lab)** Bought by TIBCO Software Inc. **$23M** Dec 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$518M**

raised in Sept 2022

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$27M** the round, not its cheque Alone, median **$8.0M**

Led 3 of 50 rounds **6%**

- **Said size:** $5.0M – $50M
- **Sole investor:** 14 rounds
- **Last cheque:** Dec 2019
- **Exits:** 5 from the portfolio

Rounds by stage said on their site

- Series B said *13*
- Series C *10*
- Series A said *9*
- Venture *7*
- Series D *6*
- Seed said *-*
- Growth said *-*

Cheques by year Led Joined

2002 2019

Often in the room with

- [Greenspring Associates](https://millionrounds.com/fund/greenspring-associates) 4
- [First Round Capital](https://millionrounds.com/fund/first-round-capital) 3
- [Foundry Group](https://millionrounds.com/fund/foundry) 3
- [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) 3
- [Madrona Venture Group](https://millionrounds.com/fund/madrona) 3
- [Bridgebank Capital](https://millionrounds.com/fund/bridgebank-capital) 2

**Pitching OpenView?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as OpenView. A count of rooms they were both in, not a relationship either has claimed.

[**Greenspring Associates** Private equity **4** rounds together](https://millionrounds.com/fund/greenspring-associates)[**First Round Capital** VC firm **3** rounds together](https://millionrounds.com/fund/first-round-capital)[**Foundry Group** VC firm **3** rounds together](https://millionrounds.com/fund/foundry)[**Insight Partners** VC firm **3** rounds together](https://millionrounds.com/fund/insight-venture-partners)[**Madrona Venture Group** VC firm **3** rounds together](https://millionrounds.com/fund/madrona)[**Bridgebank Capital** VC firm **2** rounds together](https://millionrounds.com/fund/bridgebank-capital)[**Cisco** Corporate VC **2** rounds together](https://millionrounds.com/fund/cisco)[**Eastward Capital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/eastward-capital-partners)[**Formative Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/formative-ventures)[**Highway 12 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/highway-12-ventures)[**Iconiq Capital** Growth equity **2** rounds together](https://millionrounds.com/fund/iconiq-capital-3)[**Northcap** VC firm **2** rounds together](https://millionrounds.com/fund/northcap)

## Recently backed

The latest companies OpenView put money into.

[**Highspot** $75M · Dec 2019](https://millionrounds.com/company/highspot)[**Balena** $14M · Jul 2019](https://millionrounds.com/company/balena)[**Pipefy** $45M · Jul 2019](https://millionrounds.com/company/pipefy)[**JumpCloud** $50M · May 2019](https://millionrounds.com/company/jumpcloud)[**project44** $45M · Oct 2018](https://millionrounds.com/company/project44)[**Loopio** $9.0M · Feb 2018](https://millionrounds.com/company/loopio)

## Quick answers about OpenView

### What does OpenView invest in?

OpenView invests most often at Series B and Series C (51% of the rounds on record), in sectors such as Subscription, Recurring and Enterprise.

### How active is OpenView?

50 investments on record, 0 of them in the last 12 months, and it led 3. The most recent was in Dec 2019.

### What has OpenView invested in recently?

Its most recent investments on record: Highspot (Series D, Dec 2019), Axonius (Series B, Aug 2019) and Balena (Series B, Jul 2019).

### How big are OpenView's cheques?

The median round it joins is $27M. It says it writes cheques of $5.0M to $50M.

### Does OpenView lead rounds?

Sometimes: it led 3 of its 50 investments on record (6%).

### Where does OpenView invest?

Most of the companies it backs are in the United States (90%).

### Is OpenView investing now?

No investments in the last 12 months; the latest was in Dec 2019.

### Who does OpenView invest alongside?

Most often Greenspring Associates (4 rounds together), First Round Capital (3 rounds together) and Foundry Group (3 rounds together).

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