Walden Venture Capital has closed its Fund VIII with USD107 million of total capital to pursue ‘Sprout Stage’ investments in digital media and cloud services.
Based in San Francisco and Woodside, CA, the team has been investing together for over twelve years: Managing Directors Larry Marcus, Matt Miller, and Art Berliner; and Venture Partners Bill McDonagh and George Sarlo. The firm is also pleased to announce Ms. Aditi Rajaram has joined as an Associate from Google.
Walden seeks to invest in those companies whose seed has "sprouted" to demonstrate customer traction or breakthrough technology. Walden has a highly product-centric approach to deal screening, requiring a demo of the product or technology before taking meetings. "We are looking to see a real 'wow' factor in the product or core technology as well as mass market potential and a founding team that can manifest their vision," commented Larry Marcus.
Walden continues to focus on investing in digital media and cloud services, including the consumer and enterprise sectors.
"With the adoption of billions of connected devices, and with successive generations possessing an increasing set of breakthrough capabilities, the pace of innovation and disruption is staggering," says Matt Miller. "We are seeing a broad range of opportunities in infrastructure, services and content for consumers and enterprises, including mobility, productivity, social, advertising, search, games, music, eCommerce and more."
