Former Mayfield partner Todd Kimmel’s investment firm Montage Ventures is eyeing up to $100m for its third fundraise, AltAssets can reveal.
The firm says it focuses on the “clear gap in the market” caused by the arrival of the next-generation consumer, amid declining wages and expenses on the rise across housing, healthcare and banking.
Investments from the firm to date include fashionable activewear business Carbon38, house sales platform Homelight and online installment loan platform Bread Finance.
Montage invests across the consumer, fintech and healthcare sectors.
The California-based firm set out to raise up to $17.5m for its debut fund in 2014 and $37.5m for Fund II in 2017, although has not publicly revealed final close totals for either fund.
Firm founder and managing partner Kimmel was previously a partner at Mayfield and a former principal at ATV Capital.
He says on the firm’s website, “We invest in founders seeking to make a difference. Founders set on tackling tough problems that address the new financial realities of modern consumers.
“We look for founders who seize every opportunity to improve their chances for success. Simply put, we look to invest in founders who are built just like us.”
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Source: https://www.altassets.net/private-equity-news/by-pe-sector/venturegrowth/ex-mayfield-partner-kimmel-eyes-up-to-100m-for-third-fund-targeting-next-generation-of-consumers.html
