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OpenView Venture Partners raising $250 million

August 19, 2014, 6:58 PM UTC

OpenView Venture Partners is seeking to raise $250 million for its fourth fund, Fortune has learned. The Boston-based venture capital firm disclosed yesterday in a regulatory filing that it had begun raising the fund, but did not provide any financial target.

OpenView was formed in 2006 as a spinout from New York-based Insight Venture Partners, which was focusing more on large deals. It typically invests between $5 million and $20 million in B2B software companies with between $2 million and $20 million in annual revenue.

Portfolio companies have included ExactTarget (acquired by, Zmags (acquired by Gores Group), Mashery (acquired by Intel), Monetate and Spreadfast.

OpenView currently is investing out of a $200 million fund raised in 2011. It did not respond to requests for comment.

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