- Menlo Park, California-based Storm Ventures announced it raised $130.4 million for its sixth fund, according to an SEC filing
Storm Ventures — Menlo Park, California-based venture capital firm — has raised $130.4 million for its sixth fund, according to an SEC filing spotted by TechCrunch. The process of raising investments for the sixth fund began late last year. The predecessor to this fund was closed at $180 million in 2015.
The partners at Storm Ventures are focused or rapidly growing startups around the world. Storm Ventures managing director/cofounder Tae Hea Nahm told TechCrunch that he was born in Seoul and spends a considerable amount of time in South Korea for board meetings and to meet Samsung and several of Storm’s LPs like Korea Telecom. And Storm Ventures co-founding managing director Ryan Floyd seeks out European founders as they tend to be very obsessed with revenue.
Some of Storm Ventures’ portfolio companies include 4ME, Access 360 (acquired by IBM), Airespace (acquired by Cisco), Echosign (acquired by Adobe), Marketo (IPO/Acquired by Vista), and Sourceclear (acquired by CA Technologies).
Executives at Storm Ventures include Nahm, Floyd, chief financial officer Kevin E. Melia, managing director Sanjay Subhedar, managing director Alex Mendez, managing partner Dominique, partner Arun Penmetsa, principal Pascale Diaine, and Patrick McGill (new corporate program).
