Split Rock Partners raises $300M for second fund
Split Rock Partners, a venture capital firm based in Minneapolis with offices in Menlo Park, Calif., has raised a $300 million second fund for investment in healthcare, software and Internet companies.
Split Rock first raised funds in 2005, picking up $275 for its inaugural fund. It reports that all investors in that fund returned for the second. The fund invests does early stage investment, and has put money into companies incuding Atritech, Evalve, Gearworks, HireRight, and LowerMyBills.com
Michael Gorman, Jim Simons, Dave Stassen and Allan Will are the fund’s managing directors. Along with the new raise, Josh Baltzell was also promoted to managing director.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.