Lead Edge Capital, a leading growth stage technology investment firm, today announced it has raised its Fund IV round of $520 million. This brings the firm’s total capital under management to more than $1.5 billion.
Additionally, Lead Edge Capital is announcing Ron Gill as its new Operating Partner. Ron most recently served as Chief Financial Officer of NetSuite. Before that, he held a variety of financial positions with some of the largest technology companies, including Oracle, Hyperion, SAP, Dell and Sony. Currently, Ron serves on the Board of Directors for HubSpot and Duo Security.
“I’ve been attracted to Lead Edge Capital as an investor because of the active way they draw on the vast experience of the Limited Partner base to drive companies to the next level,” Ron Gill, Lead Edge Capital Operating Partner, said. “The more I worked with the firm, the more impressed I was with their process and their commitment to a level of transparency and energy that truly benefits both the portfolio and the partnership. I’m very excited to be joining this team.”
Ron is joining as the firm’s fourth Operating Partner. Other Operating Partners include: Lorrie Norrington, the former President of eBay; Jim Schneider, the former CFO of Dell; and Paul Bell, the former President of Dell.
Lead Edge Capital invests in category-changing companies across the globe, but is particularly focused on those in the U.S. and Europe, in software, internet and consumer-facing industries. Some of the firm’s investments include Alibaba Group, Appirio, Arrive Logistics, Bazaarvoice, Delivery Hero, Duo Security, Mindbody, Marketo, Spotify, Toast and Uber.
The firm takes an innovative approach to its limited partner (LP) investor base, which consists of more than 250 high-profile executives, entrepreneurs and world-class investors who have built, run and invested in some of the most successful companies in the world. Instead of simply deploying capital, LPs and operating partners are dedicated to mentoring and leading portfolio businesses to success through their extended network and deep knowledge across different industries. Limited and operating partners come from companies including Charles Schwab, Capital One, NetSuite, eBay, Neiman Marcus, Xerox, Unilever, Cisco, Saks, Microsoft and many more. Since its founding, Lead Edge Capital has made thousands of introductions on behalf of portfolio companies.
This news comes off of a banner year for the firm. Recently, Lead Edge Capital has seen a number of notable IPOs and acquisitions from portfolio companies including, Spotify ($SPOT), Delivery Hero ($DHER), Duo Security (acquired), ClearScore (acquired), and Moat (acquired).
“Since the beginning, we’ve operated under the thesis that perseverance separates the winners from the rest, and Fund IV will accelerate that theme,” said Mitchell Green, Founder and Managing Partner of Lead Edge Capital. “We’re uniquely positioned to help ambitious companies scale by leveraging our unique investor base who aren’t afraid to roll up their sleeves. With Fund IV, we’ll stay focused on building this unmatched network of leaders and continue driving tangible value for our fund and portfolio.”
About Lead Edge Capital:
Lead Edge Capital is a growth stage investment fund with $1.5 billion under management, and portfolio companies across the internet, software and consumer spaces – including Uber, Spotify, Alibaba Group, Marketo, Xamarin, Duo Security, Toast, Delivery Hero, Uber, Bazaarvoice and Mindbody. Lead Edge Capital offers its entrepreneurs flexible capital and extensive domain expertise via its robust Limited Partner Network, a global advisory group of leading executives, entrepreneurs and dealmakers who have built and run some of the most successful companies. Lead Edge Capital leverages its LPs to connect companies with the customers, partners, talent and advisors needed to accelerate success. Lead Edge Capital was founded in 2009 and is headquartered in New York City.