OpenView goes bigger with seventh fund, closing on $570M to invest in business software startups

Three years after announcing its sixth fund, OpenView Venture Partners is back with $570 million in capital commitments for its new, seventh fund. It represents a 25% increase over the firm’s $450 million sixth fund, touting that it is its largest to date.
The Boston-based venture capital firm gave its intent to raise the fund back in January 2022, according to an SEC filing that noted OpenView intended on a hard cap of $800 million. In another filing made last September, the firm reported it had raised just over $517 million toward that goal.
“The way that we’ve always built the firm an

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