Zetta Venture Partners, a venture capital firm focused on the high-growth analytics market, has closed its first fund at USD60 million.
Mark Gorenberg, a 25-year veteran venture capitalist, and Ash Fontana, who formerly launched online fundraising at AngelList, are Zetta’s managing directors.
Debuting with a portfolio of eight investments, Zetta is committed to delivering exceptional returns for investors and entrepreneurs alike. The firm has offices in San Francisco and Utah’s Silicon Slopes.
“Every decade, there’s the start of a cataclysmic shift in technology markets,” says Gorenberg. “Today that shift is to analytics – a fast growing market combining data and software for business impact. The analytics opportunity reflects the same growth dynamics for focused investors as software did in the 1990s and cloud computing did in the 2000s.”
“Analytics is still in its infancy, providing the perfect entry point for a new venture fund like Zetta,” says Fontana, who has built, invested in and managed technology companies. “As the volume of data continues to grow, the need to find useful information to improve performance will keep pace. Whether focused on advancing healthcare, building smarter cities or optimising energy delivery, there will be an appetite for analytics products for decades.”
Zetta’s initial USD60 million fund was raised from both institutional investors and industry luminaries. The fund will back early-stage analytics companies, predominantly in the enterprise and industrial space. Zetta’s first investments include Content Analytics, Domo, EventBoard, FollowAnalytics, InsideSales, Lucid Design Group Optimine and Pixlee.
