192027 Resource 125364 126221 126221 1197250644553 1197250644553 Controlled Updata Partners closes $223M Fund IV

Continues Investment Focus on Growth Stage Companies

Updata Partners, a leading, growth stage venture capital firm investing in the information technology industry, recently announced the final close of its fourth fund, Updata Partners IV L.P., at $223,218,830.  With over-subscribed commitments on the fund’s $200 million objective, the firm will continue its focus on investing in rapidly growing, market-leading software and software-enabled technology companies.  Updata Partners has invested over $170 million in more than 40 companies since the firm’s inception in 1998.  The closing of Fund IV brings Updata Partners’ total funds under management to well in excess of $400 million. “We are very enthusiastic about market conditions and opportunities in our target sectors over the next several years,” said John Burton, Managing General Partner at Updata Partners.Coincident with the funding, Updata Partners also announced the promotion of Rich Erickson to General Partner and Carter Griffin to Partner. 10 application/xml false software vc technology venture capital Updata Partners We are very enthusiastic about market conditions and opportunities in our target sectors over the next several years... Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; InfoPath.1; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 rdvorak 69.255.13.197 false true false false true 174197 false false true false false false true 125364 blog blogsite/Updata/web