Press Release

Ridge Ventures Closes $180 Million Ridge V Fund

May 9, 2023

Palo Alto – April 27, 2023 – Cooley advised Ridge Ventures, an early-stage venture firm investing in software, on the closing of Ridge Ventures V, L.P. (Ridge V) and related entities at $180 million, its largest fund to date. Partner John Clendenin led the Cooley team.

With the closing of Ridge V, Ridge’s total assets under management now exceed $540 million. Ridge V funds will be invested in Series Seed and early Series A rounds for enterprise software companies. Ridge has already used the funds to invest in Theom, Streamline AI, Aeqium, Kibsi and Arya, in addition to several unannounced investments.

Founded in 2007, Ridge Ventures seeks to make investments in the Series Seed and Series A financing rounds of companies operating exclusively in the enterprise technology market sector. Ridge Ventures is headquartered in San Francisco, California, and has offices in Austin, Texas.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has nearly 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.