March Capital raises $240 million

The global fund will invest in India too

March Capital Partners, founded by Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, announced today the final close of its first fund, totaling $240 million. The new Southern California fund has a global focus with significant focus in India.

March Capital invests in both early and late-stage companies across multiple technology sectors, focusing in large part on the infrastructure behind today’s consumer and mobile services.

The firm has already invested more than $100 million in over 15 companies globally, and will continue to partner with top entrepreneurs worldwide to build successful technology companies in a variety of enterprise and emerging verticals. In India, it has invested in Billdesk and Cartrade.com.
 

The fund, founded by Sumant Mandal and Jim Armstrong of Clearstone Venture Partners, along with investment bankers Jamie Montgomery and Gregory Milken.

Milken brings 15 years of entrepreneurial and operational experience to the firm as founder and former COO of AltEgo, and as a senior executive at Knowledge Universe. Colleagues for more than a decade, Mandal and Armstrong began investing together at idealab Capital Partners and then Clearstone Venture Partners, where they focused on early-stage investments. The four partners plan to leverage their longtime expertise as investors and entrepreneurs in Southern California.

“The partners of March Capital work closely with entrepreneurs around the world to support and accelerate the development of their most innovative ideas and reach success faster,” said Gregory Milken, co-founder and managing director, March Capital. “Our portfolio reflects the desire to lead the Southern California market, as well as our global ambitions.”

The firm has built a strong technology-centric portfolio of 10 series A investments and four series C investments in Northern California, Southern California, Europe and India, with an emphasis on enterprise on-demand services, technologies to enable hyperscale infrastructure and business opportunities from global mobile expansion.