Venture firm High Alpha announced today that it raised $125 million for its fourth and largest fund to date. Creating and investing in over 90 early-stage SaaS companies across North America since 2015, High Alpha IV is a strategic evolution that brings company building and investing into a single entity focused on helping entrepreneurs, and the companies they lead, reach their full potential.
Led by experienced entrepreneurs Scott Dorsey, Kristian Andersen, Mike Fitzgerald and Eric Tobias, High Alpha was born out of the belief that the combination of operating and investing not only creates significant differentiation in both areas, but also generates unique opportunities. Building upon the firm’s distinct strategy with a focus on the future of enterprise SaaS, High Alpha IV surpassed its fundraising target of $110 million, and closed at $125 million.
“We’ve never been in a better position to help entrepreneurs reach their full potential and create breakout, enterprise SaaS companies,” said High Alpha Managing Partner Scott Dorsey. “Garnering this level of interest and support from our LPs and exceptional new investors, in such a challenging environment, is extremely validating. Our conviction that bringing together what we do best — building and investing — into a single structure allows us to build on our unique advantage to drive the future of enterprise SaaS in lockstep with the amazing founders we support.”
ServiceNow, a global leader in cloud-based platform and enterprise solutions, joins High Alpha IV as a significant investor in the fund alongside new and existing institutional LPs and strategic investors. This commitment comes after a history of co-investing with High Alpha, including an investment in the recent $8 million Series A funding of Tenon, an enterprise marketing solution built on the Now Platform.
“Enterprise software is more mission-critical than ever before as companies look to drive productivity and efficiencies quickly,” said Victor Chang, vice president of ServiceNow Ventures. “High Alpha has a proven track record of building with world-class founders, they have deep experience and expertise as operators, and they share in our mission to revolutionize the way work gets done. We’re excited to continue to cultivate our growing partnership and invest in innovative companies that are helping to shape the future of enterprise software.”
In addition to launching the new fund, High Alpha is announcing the promotion of three new partners within the firm, including High Alpha CFO Blake Koriath, experienced SaaS investor and current High Alpha Principal Seth Corder and former TechPoint CEO and current High Alpha Operating Partner Mike Langellier.
About High Alpha
Based in Indianapolis, High Alpha creates, launches, scales and invests in exceptional enterprise SaaS companies across North America. High Alpha IV brings total assets under management to over $385M. The High Alpha portfolio of over 90 companies includes leading SaaS companies like Logik.io, Attentive, Authenticx, SalesLoft, Zylo, LogicGate and more. For more information, visit highalpha.com or follow @highalpha.
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