In late 2013, we reported that Mark Gorenberg was launching his own VC firm called Zetta Venture Partners, after having spent the past 23 years with Hummer Winblad Venture Partners. At the time, his goal was to raise between $30 million and $40 million, with an investment focus on early-stage analytics and enterprise software companies
Today, Gorenberg is announcing that Zetta‘s debut fund has closed with $60 million in capital commitments.
It also has a second managing director: Ash Fontana, who most recently launched the online index funds for AngelList. Gorenberg says that he always intended to add a partner, and that he and Fontana got to know each other over the past several months.
The fund is expected to invest between $500k and $2 million in around 20 analytics startups (with plenty of reserve capital for follow-on rounds), including 8 deals already in its portfolio: Content Analytics, Domo, EventBoard, FollowAnalytics, InsideSales, Lucid Design Group,Optimine and Pixlee.
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