Sorenson Capital, a venture capital firm with offices in Palo Alto and Salt Lake City, has announced the launch of its third early-stage fund, Ventures III, with $150 million in capital commitments. The fund continues the firm’s focused strategy of investing in cybersecurity and B2B software companies, targeting startups from pre-revenue to $5 million in annual recurring revenue (ARR). With a hands-on approach, Sorenson Capital aims to drive growth for its portfolio companies by supporting go-to-market strategies and product development.
Sorenson Capital launches $150M Ventures Fund III for early-stage investments.
Focuses on cybersecurity and B2B software startups with up to $5M in ARR.
Backs 9 companies, including Andromeda Security and Bureau.
Supports founders with go-to-market strategies and customer acquisition.
Builds on success with exits like CloudKnox (Microsoft) and Talon Security (Palo Alto Networks).
Leverages 20+ years of expertise in cybersecurity and enterprise software.
Ventures III, sized similarly to its $150 million predecessor, Ventures II, reflects Sorenson Capital’s disciplined approach to venture capital. The firm prioritizes deep collaboration with portfolio companies, assisting founders in executing go-to-market strategies, refining product offerings, and securing initial customers. “Our deliberate fund size is about maximizing our impact – for our LPs and our founders. We’ve seen firsthand that bigger doesn’t always mean better in this business,” said Rob Rueckert, Managing Director at Sorenson Capital. This strategy ensures tailored support for startups in cybersecurity and B2B software.
Sorenson Capital has already invested in nine companies under Ventures III, including Andromeda Security, which focuses on preventing identity breaches, and Bureau, which tackles global identity fraud. Other portfolio companies, such as Jump and SmartSuite, deliver agentic AI solutions and streamline workflow management. The firm’s portfolio also includes notable successes like BambooHR, CloudKnox (acquired by Microsoft), Fastly (IPO), and Talon Security (acquired by Palo Alto Networks), showcasing its expertise in scaling product-first startups.
Sorenson Capital’s approach goes beyond capital investment. “At Sorenson Capital, we’re dedicated to helping our portfolio companies build scalable and repeatable go-to-market playbooks,” said Ken Elefant, Managing Director at Sorenson Capital. The firm leverages its extensive networks and over two decades of experience to help founders identify customer pain points, define target profiles, and develop solutions that address real business needs. This hands-on support is designed to accelerate revenue growth and establish market leadership.
With $1.6 billion in assets under management, Sorenson Capital has a proven track record in cybersecurity and B2B software. The firm’s focused investment strategy and operational guidance have driven successful exits and growth for portfolio companies. Ventures III continues this legacy, targeting startups innovating in AI, cybersecurity, and DevOps infrastructure, positioning Sorenson Capital as a key player in the venture capital landscape.
Sorenson Capital’s Ventures Fund III reinforces its commitment to fostering innovation in cybersecurity and B2B software. By partnering closely with founders, the firm is poised to drive transformative growth for its portfolio companies, addressing critical industry challenges with cutting-edge solutions.
Sorenson Capital is a venture capital firm that invests in product-first early and growth-stage companies in the cybersecurity and B2B software categories. Sorenson Capital has $1.6 billion in assets under management and its investments in product leaders include BambooHR, CloudKnox (acquired by Microsoft), Fastly (IPO), Harness, Planera, Socure, and Talon Security (acquired by Palo Alto Networks). The firm supports entrepreneurs through every stage of their journey to accelerate revenue growth and further their product leadership positions.
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