March Capital
March Capital is a Santa Monica-based venture growth firm that invests in AI-enabled enterprise software companies with proven product-market fit, managing over $1.65 billion across four funds and serving institutional limited partners through The Montgomery Summit platform.
- Company typePrivate
- Founded2014
- HeadquartersSanta Monica, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What March Capital does
March Capital is a Santa Monica-based venture growth firm founded in 2014 that invests in AI-enabled enterprise software companies with established product-market fit, managing over $1.65 billion in capital across four funds (Fund I $240M in 2016 through Fund IV $650M+ closed in February 2023). The firm concentrates on enterprise, cybersecurity, India technology, and fintech/cloud-data infrastructure themes, and invests with a 'double-down' approach in concentrated portfolios — the firm reports 25+ portfolio companies across the four funds, with marquee positions including CrowdStrike (a reported billion-dollar return), Canva, Uniphore, Together AI, and Lila Sciences.
The firm does not develop technology products; its offering is equity capital plus structured portfolio support delivered through a dedicated Platform & Marketing function. Distribution and deal flow are anchored by The Montgomery Summit, an annual technology conference presented by March Capital since 2004 (predating the firm itself), which convenes 1,000-1,200+ entrepreneurs, investors, and senior executives in Santa Monica each spring. Co-investor relationships with NVIDIA, AMD, Snowflake, Databricks, General Catalyst, Aramco Ventures, Flagship Pioneering, and Vista Equity Partners enable the firm to participate in large AI infrastructure and applied-AI rounds (Together AI $800M Series C at $8.3B post-money valuation in 2026; Uniphore $260M Series F at $2.5B valuation in 2025; Lila Sciences $350M Series A in 2025) without leading them.
Revenue mechanics are standard for a venture capital firm: recurring management fees on committed capital (typically ~2% annually during the investment period, stepping down thereafter) plus carried interest on realized returns. The limited partner base comprises sovereign wealth funds, registered investment advisors, endowments, and single/multi-family offices. Operations are run by a 30+ person team organized across investing (eight partners including co-founders Jamie Montgomery and Sumant Mandal), capital formation, platform & marketing, finance (CFO Dana Moraly), and operations. The legal entity is March Venture Capital Management Services, LLC, domiciled in California.
March Capital firmographics
Firmographics- Name
- March Capital
- Legal name
- March Venture Capital Management Services, LLC
- Website
- https://marchcp.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- March Capital is a Santa Monica-based venture growth firm that invests in AI-enabled enterprise software companies with proven product-market fit, managing over $1.65 billion across four funds and serving institutional limited partners through The Montgomery Summit platform.
- Ownership category
- akta.pro rank
March Capital industry classification
Industry- Product category
- Venture Capital
- NAICS
- Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Technology & Software Growth Equity (FSANACAA)
- akta.pro secondary industries
- Late-Stage Venture Capital (Series C+) (FSANAAAC), Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where March Capital is headquartered
LocationHeadquarters
- HQ city
- Santa Monica
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
March Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Others
Revenue model
- Venture Capital Returns: March Capital generates returns through equity investments in portfolio companies, realizing gains through IPOs and strategic acquisitions. The firm has invested in top-performing software IPOs of 2019, 2020, and 2021, and is positioned for the next major cycle of IPOs in 2025-2027. Notable exits include CrowdStrike (NASDAQ: CRWD), VeloCloud (acquired by VMware), KnowBe4 (acquired by Vista Equity Partners), and CarTrade Tech (BSE: CARTRADE).
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
March Capital product offering
Product offeringCore offering
March Capital is a venture growth firm that invests equity capital from its managed funds into enterprise technology companies with proven product-market fit, generally focusing on AI-enabled enterprise software businesses. The firm has raised over $1.65 billion across four funds and deployed capital into 25+ portfolio companies, while also operating The Montgomery Summit, an annual technology conference that convenes investors, entrepreneurs, and executives.
Product overview
March Capital is a venture growth firm that invests in enterprise technology companies. The firm does not offer technology products or services; its offering is investment capital and portfolio company support services. The firm manages over $1.65B across 4 funds and backs technology companies including CrowdStrike, Canva, Uniphore, Together AI, and others. March Capital also operates The Montgomery Summit, an annual technology conference held in Santa Monica, California.
Differentiator
Problem solved
Functional benefit
Brands
- The Montgomery Summit: Annual flagship technology conference presented by March Capital, gathering 1,000+ entrepreneurs, investors, and executives at the Fairmont Miramar in Santa Monica each spring.
Products and services
- March Capital Venture Growth Funds (Fund I through Fund IV) Pooled venture capital funds that invest equity capital in growth-stage enterprise technology companies, primarily AI-enabled enterprise software, with a concentrated portfolio and double-down follow-on strategy. Investors are institutional limited partners including sovereign wealth funds, endowments, and family offices.
- The Montgomery Summit Annual flagship technology conference presented by March Capital that convenes 1,000+ investors, entrepreneurs, and senior executives at the Fairmont Miramar in Santa Monica, providing deal flow, portfolio company exposure, and relationship building opportunities.
- How I Invest Podcast Media product produced by March Capital featuring venture capital discussions and insights, available publicly as part of the firm's content marketing and thought leadership strategy.
Quantifiable outcome
- Top-performing software IPOs in 2019, 2020, and 2021
- +1 more outcomes
Companies that use March Capital
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
March Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
March Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- The Montgomery Summit EcosystemcoreThe Montgomery Summit is March Capital's annual flagship event connecting 1,000+ entrepreneurs, investors, and corporate executives. The Summit provides deal flow, portfolio company exposure, and relationship building opportunities.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
March Capital competitors and assessment
Company assessmentDirect peers
- Insight Partners: Insight Partners is a leading global venture capital and growth equity firm investing in technology and software, most comparable to March Capital in scale, stage focus (growth-stage tech), and sector emphasis on enterprise software/AI. Both pursue concentrated, thesis-driven portfolios in cloud and enterprise software categories.
- Bessemer Venture Partners: Bessemer is a longstanding global venture capital firm with concentrated exposure to enterprise software, cloud, and cybersecurity, mirroring March Capital's enterprise-tech focus. Both firms emphasize long-term conviction investing in B2B software franchises and maintain multi-stage vehicles.
- IVP (Institutional Venture Partners): IVP is a later-stage venture capital firm specializing in growth-stage technology investments, particularly enterprise software and internet companies. Direct comp to March in stage focus, sector overlap (enterprise tech including CrowdStrike-era winners), and check size profile.
- General Catalyst: General Catalyst is a major venture capital firm with deep multi-stage focus on enterprise software and AI infrastructure. Already a co-investor with March Capital in AI deals (Together AI, Lila Sciences), the firms share investor bases and thesis overlap in AI-enabled enterprise software.
- Lightspeed Venture Partners: Lightspeed is a multi-stage technology venture capital firm with strong enterprise software and infrastructure emphasis. Comparable to March in deploying concentrated growth capital into AI, cloud, and enterprise software franchises with proven product-market fit.
- Battery Ventures: Battery Ventures is a global technology-focused investment firm with a long track record in enterprise software, AI, and infrastructure. Overlaps with March Capital in stage (early-growth through growth), sector focus (enterprise tech), and concentrated 'double-down' conviction approach.
- Accel: Accel is a tier-1 venture capital firm investing across early to growth stages in technology companies. Comparable to March in enterprise software focus, US/global footprint, and track record backing category-defining technology companies (e.g., Facebook, Slack, Zoom).
Broad incumbents
- Andreessen Horowitz (a16z): a16z is a major venture capital firm with broad stage coverage and a particularly aggressive growth fund. While much larger and more diversified than March, a16z competes head-to-head for the same late-stage AI infrastructure and enterprise software rounds.
- Sequoia Capital: Sequoia is the largest and most established venture capital franchise, with a much broader stage range and sector mandate than March Capital but overlapping heavily in late-stage AI, cloud, and enterprise software investments. Functions as a top-tier competitor and benchmark for performance rankings that include March.
Emerging players
- Sageview Capital: Sageview Capital is a growth equity firm focused on technology-enabled businesses. While broader than March in stage/sector mandate, it competes for many of the same later-stage enterprise software and AI opportunities as a newer entrant in growth-stage tech investing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
March Capital social profiles
Digital presenceMarch Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
March Capital leadership team
Management profileNumber of profiles
Profiles16 records
March Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
March Capital M&A and investment
M&A and investmentM&A
Investments143 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about March Capital
What does March Capital do?
March Capital is a venture growth firm that invests equity capital from its managed funds into enterprise technology companies with proven product-market fit, generally focusing on AI-enabled enterprise software businesses. The firm has raised over $1.65 billion across four funds and deployed capital into 25+ portfolio companies, while also operating The Montgomery Summit, an annual technology conference that convenes investors, entrepreneurs, and executives.
Is March Capital a public or private company?
March Capital is a private company. It is classified as management employee owned and is currently operating.
When was March Capital founded?
March Capital was founded in 2014. It employs 11 to 50 people.
Where is March Capital based?
March Capital is headquartered in Santa Monica, United States, in the North America region.
How does March Capital make money?
One revenue line is on record: venture Capital Returns.
Who are March Capital's main competitors?
Direct peers on record are Insight Partners, Bessemer Venture Partners, IVP (Institutional Venture Partners), General Catalyst, Lightspeed Venture Partners, Battery Ventures and Accel. Broad incumbents are Andreessen Horowitz (a16z) and Sequoia Capital. Sageview Capital is listed as an emerging player.
Does March Capital have an API?
No public API is recorded for March Capital.
What industry is March Capital in?
March Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANACAA, Technology & Software Growth Equity, with a secondary code of FSANAAAC, Late-Stage Venture Capital (Series C+). Its NAICS code is 52394 and its SIC code is 6211.