Sorensen Capital Unveils $150 Million Fund III for Cybersecurity-focused Venture Capital Investments

Sorenson Capital, a venture capital firm known for its commitment to founders innovating in AI, B2B Software, Cybersecurity, and DevOps & Infrastructure, has announced the launch of its third early-stage fund, Ventures III. The fund has secured $150 million in capital commitments.

Nine companies are already a part of Ventures III, including Andromeda Security, Bureau, Jump, and SmartSuite. However, the name of the ninth company remains undisclosed in the available search results.

The new fund will focus on investing in cybersecurity and B2B software companies. Sorenson Capital's strategy goes beyond just providing capital; they actively collaborate with their portfolio companies to identify urgent pain points, define customer profiles, and develop products that solve real business problems.

Rob Rueckert, Managing Director at Sorenson Capital, emphasizes that the fund size is deliberately chosen to maximize impact for Limited Partners (LPs) and founders. He states, "We believe in partnering closely with our founders to execute go-to-market strategies and develop products, not just providing capital."

Ken Elefant, another Managing Director at Sorenson Capital, adds, "Our aim is to help our portfolio companies build scalable and repeatable go-to-market playbooks."

Sorenson Capital's approach to collaboration with portfolio companies extends to helping them identify and solve real business problems. The companies in Ventures III are addressing challenges such as safeguarding against human and non-human identity breaches, preventing global identity fraud, delivering tailored agentic AI solutions, and streamlining workflow management.

The fund's investment range extends from pre-revenue to companies with up to $5 million in ARR. Sorenson Capital has a track record of successful investments, having backed companies such as BambooHR, CloudKnox (acquired by Microsoft), Fastly (IPO), Harness, Planera, Socure, and Talon Security (acquired by Palo Alto Networks).

Sorenson Capital's strategy involves leveraging extensive networks and decades of experience in enterprise software and cybersecurity to provide a business development roadmap for their companies. The firm does not believe in the notion that bigger is always better in the business; their consistent focus allows them to remain deeply involved with each of their investments from day one through exit.

In conclusion, Sorenson Capital's Ventures III fund is poised to make a significant impact in the cybersecurity and B2B software sectors. With a focus on collaboration, solving real business problems, and maximizing impact for founders and LPs, the fund is set to continue Sorenson Capital's tradition of successful investments.