Boston – May 17, 2022 – Cooley advised growth-stage venture capital firm Elsewhere Partners on the closing of its second fund, Elsewhere Partners II, with $175 million in new capital. Partner Nicole Peppe led the Cooley team advising Elsewhere Partners.
Elsewhere Partners will use the new capital to continue to partner with capital-efficient software startups that have achieved customer traction and are already generating substantial revenue, as well as focus on innovative businesses across IT infrastructure, developer tools, workforce management, cybersecurity and other sectors.
“Not every B2B software founder subscribes to the hyper-growth mentality that tends to run rampant in traditional investment circles. Investing, both our capital and our network, in companies that don’t always get the attention they deserve from the startup funding ecosystem at large, we’ve been able to make deeper connections and partner with founders on the path toward a meaningful exit,” Chris Pacitti, founder and partner at Elsewhere Partners, said in a press release.
Founded in 2017 and based in Austin, Texas, Elsewhere Partners invests in business software companies outside traditional venture capital hubs that have achieved substantial customer traction and revenue growth without significant outside funding. The firm combines transitional capital with transformational expertise to help companies achieve exit readiness on their own terms.
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