Sorenson Capital Announces $150M Ventures Fund III to Maintain Focus on Cybersecurity and B2B Software Investments

Business Wire

a day ago

PALO ALTO, Calif.--(BUSINESS WIRE)-- Sorenson Capital, a leading venture capital firm with offices in Palo Alto and Salt Lake City, today announced the launch of its third early-stage fund, Ventures III, with $150 million in capital commitments. This new fund underscores the firm's dedication to its focused investment strategy in cybersecurity and B2B software companies ranging from pre-revenue up to $5 million in ARR.
Ventures III maintains a comparable size to its predecessor, Ventures II, which was a $150 million fund, reflecting the firm's commitment to a consistent and focused approach. Specifically, by maintaining consistency in sector focus and fund size, Sorenson Capital ensures a collaborative style with each portfolio company whereby the team works closely with founders to execute go-to-market strategies, develop product offerings, source their first customers, and provide informed perspectives on industry trends.
With over two decades of experience in cybersecurity and B2B software, the firm brings extensive market knowledge and strategic insights to its investments, having invested in companies including BambooHR, CloudKnox (acquired by Microsoft), Fastly (IPO), Harness, Planera, Socure, and Talon Security (acquired by Palo Alto Networks).
Rob Rueckert, Managing Director at Sorenson Capital, stated, "Our deliberate fund size is about maximizing our impact – for our LPs and our founders. We've seen firsthand that bigger doesn't always mean better in this business. Our consistent focus means we remain deeply involved with each of our investments from day one through exit."
The firm remains committed to partnering with founders who are innovating across AI, B2B Software, Cybersecurity, and DevOps & Infrastructure, helping them through the entire company lifecycle. Sorenson Capital is actively investing out of Ventures III, with 9 companies already in the fund, including Andromeda Security, Bureau, Jump, and SmartSuite. These companies are tackling key challenges, including safeguarding against human and non-human identity breaches, preventing global identity fraud, delivering tailored agentic AI solutions for specific industries, and streamlining workflow management.
"At Sorenson Capital, we're dedicated to helping our portfolio companies build scalable and repeatable go-to-market playbooks,' said Ken Elefant, Managing Director at Sorenson Capital. 'Our approach goes beyond just providing capital; we roll up our sleeves and work closely with founders to identify urgent pain points, define customer profiles, and develop products that solve real business problems. As we move forward, we'll continue to leverage our extensive networks and decades of experience in enterprise software and cybersecurity to provide a business development roadmap for our companies."
About Sorenson Capital
Sorenson Capital is a venture capital firm that invests in product-first early and growth-stage companies in the cybersecurity and B2B software categories. Sorenson Capital has $1.6 billion in assets under management and its investments in product leaders include BambooHR, CloudKnox (acquired by Microsoft), Fastly (IPO), Harness, Planera, Socure, and Talon Security (acquired by Palo Alto Networks). The firm supports entrepreneurs through every stage of their journey to accelerate revenue growth and further their product leadership positions. For more information, visit: https://www.sorensoncapital.com/
The portfolio companies listed above represent a subset of all investments made by Sorenson Capital. It should not be assumed that future portfolio investments will be profitable or equal to the success of the companies in this list. A complete list of Sorenson Capital investments is available upon request.