Ignition Partners, an enterprise-focused venture capital firm with several Microsoft veterans on staff, announced today a $200 million fund earmarked for enterprise software investments.
News of Fund VI comes a couple months after an SEC filing showing that Ignition had set out to raise a $200 million fund. Ignition said in a statement today that the new fund received "more than $300 million in interest."
Several other venture capital firms that back early-stage enterprise startups have raised funds lately, including Emergence Capital, Kleiner Perkins Caufield & Byers, Index Ventures, and Andreessen Horowitz.
Ignition has had several exits in recent years, including AppFog (bought by CenturyLink), Heroku (bought by Salesforce), Parse (bought by Facebook), Tier 3 (bought by CenturyLink), and Wit.ai (bought by Facebook). Ignition has also invested in several startups that are still independent, including Chef, Cloudera, SnapLogic, Trifacta, and Xamarin.
Ignition started in 2000. The firm has offices in Bellevue, Washington, and Palo Alto, California.
Two of the three Ignition managing partners heading up the new fund -- Frank Artale and John Connors -- were previously executives at Microsoft. In 2012 Microsoft bought Ignition portfolio company StorSimple.