About This Fund
March Capital Fund IV is a $650 million-plus venture capital fund managed by March Capital, a Santa Monica-based firm co-founded by Jamie Montgomery and focused on enterprise and B2B technology. The fund achieved its final close in February 2023 and is March Capital's fourth flagship vehicle, bringing the firm's cumulative assets under management to more than $1.65 billion across four funds and over 25 portfolio companies since the firm's founding in 2014. Fund IV oversubscribed against its initial target, reflecting strong institutional confidence in the firm's track record and its thesis on the next wave of AI-enabled enterprise software.
Fund IV targets growth-stage enterprise technology companies operating at the intersection of cloud infrastructure, cybersecurity, and artificial intelligence-driven automation. March Capital concentrates on businesses with proven product-market fit that address large markets and provide mission-critical capabilities indispensable to their customers' core operations. The fund makes 12 to 15 concentrated investments per vehicle, with check sizes typically ranging from $25 million to $75 million per company. A distinctive strategic element is March Capital's India practice, backing enterprise software companies serving global markets from offshore development centers—a differentiated focus the firm has cultivated since its inception and which provides access to high-quality growth-stage opportunities often overlooked by West Coast-focused VC firms.
March Capital Fund IV builds on an established exit track record that includes CrowdStrike (Nasdaq: CRWD)—which became one of the defining cybersecurity platforms of the cloud era—and KnowBe4 (Nasdaq: KNBE), a leading security awareness training company. These exits validate the firm's ability to identify and scale enterprise technology leaders before they achieve mainstream recognition. With Fund IV, March Capital continues deploying its disciplined, concentrated approach to identifying AI-enabled enterprise software businesses poised for hypergrowth, a category the firm believes will define enterprise technology spending for the foreseeable future as customers replace legacy systems with AI-native alternatives.