High Alpha Capital Raises $110 Million Venture Fund

By AIT News Desk On Mar 15, 2021

The firm’s third fund will be focused on funding early-stage enterprise cloud companies

High Alpha Capital, one of the largest software venture firms in the Midwest, announced the closing of their new $110 million fund to fuel the next generation of enterprise cloud companies. With this new fund, High Alpha will continue to invest in Pre-Seed, Seed and Series A rounds across all geographies.

“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”

Led by experienced entrepreneurs Scott Dorsey, Kristian Andersen, Eric Tobias and Mike Fitzgerald, High Alpha Capital has raised over $215M across three funds. Previous investments include companies such as Attentive, SalesLoft, Zylo, Terminus, The Mom Project, Lessonly, LogicGate, MetaCX, Socio and many more.

“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,” said High Alpha Managing Partner Scott Dorsey.

In the first investment from High Alpha Capital III, the firm led an $8M Series A in Chicago-based Rheaply, an asset management platform built for the circular economy. 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 $1B+ valuations for each company. 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 and launches new software companies. The venture studio launched an all-time high of 10 new companies in 2020 and has started 28 companies since its founding in 2015. Recent company launches include Mandolin, Bolster, Filo, Trava, Shaker, and Luma.