- High Alpha Capital recently announced the closing of a new $110 million fund. These are the details.
High Alpha Capital — one of the largest software venture firms in the Midwest — recently announced the closing of the new $110 million fund for fueling the next generation of enterprise cloud companies. And with this new fund, High Alpha will continue to invest in Pre-Seed, Seed and Series A rounds across all geographies.
Led by the experienced entrepreneurs Scott Dorsey, Kristian Andersen, Eric Tobias and Mike Fitzgerald, High Alpha Capital has raised over $215 million across 3 funds. And previous investments include companies like Attentive, SalesLoft, Zylo, Terminus, The Mom Project, Lessonly, LogicGate, MetaCX, Socio, and many others.
In the first investment from High Alpha Capital III, the firm led an $8 million in Series A in Chicago-based Rheaply, an asset management platform built for the circular economy. And CEO Garry Cooper has received many accolades including recently winning the Rise of the Rest Virtual Tour: Equity Edition competition and being named to the Forbes Next 1000.
This announcement builds on recent momentum across the High Alpha portfolio, including recent funding rounds for SalesLoft and Attentive that resulted in over $1 billion valuations for each company. And High Alpha also recently completed a new 42,000 square foot office and community space in Indianapolis’s Bottleworks District, which they hope to become a primary hub for entrepreneurship in the Midwest.
The new venture fund is affiliated with High Alpha Studio – which co-founds new software companies. And the venture studio launched an all-time high of 10 new companies in 2020 and has started 28 companies since its founding in 2015. The recent company launches include Mandolin, Bolster, Filo, Trava, Shaker, and Luma.
KEY QUOTE:
“High Alpha Capital III provides us with an incredible opportunity to further our mission of supporting early-stage software entrepreneurs who are shaping the future through technology. We pride ourselves on bringing entrepreneurial empathy and an operator’s mindset to each portfolio company that our team is privileged to support.”
— High Alpha Managing Partner Scott Dorsey
