Sorenson Capital

growth-positive

Sorenson Ventures, a venture capital firm, has raised its second fund of around $150 million. The firm focuses on early-stage enterprise startups and takes a hands-on approach in helping them grow. They have had successful exits from their first fund, including Bridgecrew, CloudKnox, and Openpath. Some of their portfolio companies have achieved impressive valuations, such as Socure at $4.5 billion and CyCognito at $800 million. The new fund was closed last year and has already started investing in new startups. Sorenson Ventures is a division of Sorenson Capital, which invests in later-stage companies.

growth-positive

Sorensen Ventures, a Menlo Park-based venture capital fund, has closed its first fund at over $110 million. The fund has attracted investments from various sources, including foundations, endowments, an insurance company, and individual investors. Led by Ken Elefant and Rob Rueckert, the fund focuses on early-stage enterprise software and security investments. It has already invested in eight early-stage companies and plans to expand its portfolio to 15 to 20 total investments. The companies in its portfolio include CyCognito, Botkeeper, Paperspace, NS8, Openpath, Octarine, Trizic, and a stealth analytics company. Sorensen Ventures is affiliated with Sorenson Capital, a Salt Lake City-based private equity firm with over $1 billion in capital under management.

growth-positive

Sorenson Capital has announced the formation of Sorenson Ventures, a new investment group focused on early-stage enterprise software and security investments. Ken Elefant, previously managing director of the software and security group at Intel Capital, has joined Sorenson Ventures as managing director. Sorenson Ventures aims to bridge the gap in servicing early-stage opportunities that Sorenson Capital has had early access to. The firm plans to make investments in the security space and is deepening its presence in Silicon Valley with the opening of an office in the San Francisco Bay Area.