March Capital Partners, founded by veteran venture capitalists Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, announced the close of the largest first-time venture fund to launch in the region.
The Santa Monica-based firm's fund is worth $240 million.
“The partners of March Capital work closely with entrepreneurs around the world to support and accelerate the development of their most innovative ideas and reach success faster,” said co-founder and managing director Gregory Milken in a statement. “Our portfolio reflects the desire to lead the Southern California market, as well as our global ambitions.”
The majority of March Capital’s investments are with Southern California companies, with targeted positions in innovative global organizations. The firm's list of investments include both early and late-stage companies in mobile, enterprise, infrastructure, gaming and other growth industries.
To date, the firm has invested more than $100 million in over 15 companies globally.
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