Ridge Ventures raises $180M to invest in early-stage software startups

San Francisco-based Ridge Ventures has raised $180M to invest in early-stage software startups.

The company has $540M worth of assets under management.

Ridge Ventures' average investment ranges between $2M and $7M.
The firm has invested in companies such as:
- Discord,
- Bolt,
- Braze,
- Krux,
- and Fastly.
The fund, officially named Ridge Ventures V, will invest in Seed and Series A stages startups.
Backers in the fund included foundations, family offices, fund-of-funds, consultants, private wealth platforms, founders, and insurance companies.
Ridge Ventures has an office in Austin in addition to the San Francisco headquarters.