Type Private Number of employees 20+ | Industry Private equity Total assets $2.6 billion Founded 1999 | |
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Key people Craig Sherman (Managing Director) Founders Paul Madera, Rob Ward, Mike Gordon | ||
Meritech Capital Partners is an American private equity company focused on late stage venture capital investments in information technology companies with a focus on consumer Internet and media, software and services, enterprise infrastructure, and medical devices.
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History
The Palo Alto, California-based firm, was founded in 1999 with sponsorship from Accel Partners, Oak Investment Partners, Redpoint Ventures and Worldview Technology Partners. Since 2003, however, Meritech has independently operated and invested in later stage technology companies. The firm has raised approximately $2.6 billion since inception across four funds. In July 2014 Meritech raised a $500 million fund with a $65 million sidecar vehicle.
Investments
Among Meritech's most notable investments are Cornerstone OnDemand, Facebook, Fortinet, and Salesforce.com. Other notable investments include Anaplan, 2Wire, Evernote, Tableau Software, Sourcefire, Riverbed, Netezza, Netsuite, IntraLase, and Cloudera.