If you’re keeping an eye on the venture capital world, Sorenson Capital just made a big move.
The firm, which has roots in both Palo Alto and Salt Lake City, recently announced the launch of its third early-stage fund, called Ventures III.
This new fund is backed by a healthy $150 million in capital commitments — a strong vote of confidence in what’s ahead.
Focus on Cybersecurity and B2B Software Startups
Ventures III is gearing up to back promising startups primarily in the cybersecurity and business-to-business (B2B) software spaces.
They’re targeting companies that are at the early stages — from pre-revenue ventures all the way up to those generating around $5 million in annual recurring revenue (ARR).
This focus zeroes in on startups ready to scale but still shaping their path.
Experienced Leadership Driving the Fund
The fund is led by Rob Rueckert and Ken Elefant, who bring solid experience and a clear vision for helping founders succeed.
Sorenson Capital prides itself on being more than just a source of cash — they’re committed partners, guiding entrepreneurs innovating in AI, cybersecurity, DevOps, infrastructure, and B2B software.
Hands-On Support Throughout the Journey
What sets Sorenson apart is how hands-on they get with their portfolio companies.
The team works closely with founders on everything from crafting go-to-market strategies and refining products, to finding those first key customers.
They also offer valuable insights into industry trends, helping startups stay ahead of the curve.
Already Investing in a Strong Lineup of Companies
Ventures III has already made investments in nine startups, including names like Andromeda Security, Bureau, Jump, and SmartSuite.
This builds on Sorenson’s impressive portfolio that features well-known companies like BambooHR, CloudKnox (which was acquired by Microsoft), Fastly (which went public), Harness, Planera, Socure, and Talon Security (bought by Palo Alto Networks).
Managing a Growing Asset Base with a Bright Future
Overall, Sorenson Capital manages assets totaling about $1.6 billion, reflecting their significant presence in the venture space.
With Ventures III now underway, many are watching closely to see which startups will rise next with their support.
What’s next on Sorenson Capital’s journey?
Time will tell, but one thing’s for sure — they’re deeply invested in the future of cybersecurity and B2B innovation.