SAN FRANCISCO & SILICON SLOPES, Utah--(BUSINESS WIRE)--Zetta Venture Partners, a venture capital firm focused on the high-growth analytics market, today announced that its first fund closed at $60 million. Mark Gorenberg, a 25-year veteran venture capitalist, and Ash Fontana, who formerly launched online fundraising at AngelList, are Zetta’s managing directors.
Debuting with a portfolio of eight investments, Zetta is committed to delivering exceptional returns for investors and entrepreneurs alike. The firm has offices in San Francisco and Utah’s Silicon Slopes.
“Every decade, there’s the start of a cataclysmic shift in technology markets,” said Gorenberg. “Today that shift is to analytics – a fast growing market combining data and software for business impact. The analytics opportunity reflects the same growth dynamics for focused investors as software did in the 1990s and cloud computing did in the 2000s.”
“Analytics is still in its infancy, providing the perfect entry point for a new venture fund like Zetta,” said Fontana, who has built, invested in and managed technology companies. “As the volume of data continues to grow, the need to find useful information to improve performance will keep pace. Whether focused on advancing healthcare, building smarter cities or optimizing energy delivery, there will be an appetite for analytics products for decades.”
Zetta’s initial $60 million fund was raised from both institutional investors and industry luminaries. The fund will back early-stage analytics companies, predominantly in the enterprise and industrial space. Zetta’s first investments include Content Analytics, Domo, EventBoard, FollowAnalytics, InsideSales, Lucid Design Group Optimine and Pixlee.
About the Team
Ash Fontana, Managing Director
Prior to Zetta Venture Partners, Fontana led fundraising products at AngelList, the most successful startup investing platform in the world, managing $130 million over more than 250 funds. There he launched online investing, created the first startup “index fund” and curated investment opportunities across 500,000 companies. An entrepreneur at heart, Fontana also co-founded TopGuest, a Founders Fund-backed customer analytics company, which exited in 2011. He started his professional career at Macquarie Capital, where he was a top-ranked analyst in private equity, investment banking and equity research. Today he serves as an advisor to and investor in several analytics startups, including Mixmax and Gridspace. Academically, he graduated with highest honors in law and finance from the University of Sydney.
“Ash is a triple threat,” said Gorenberg. “He is an innovator, an entrepreneur and an investor. He has the perfect blend of experience, intelligence and attitude to help Zetta Venture Partners become a new brand in early stage venture capital.”
Mark Gorenberg, Managing Director
Prior to Zetta Venture Partners, Gorenberg served as managing director at Hummer Winblad, the first focused fund for enterprise software. He led the first venture round of investments in analytics companies such as Domo, InsideSales, Omniture (IPO and acquired by Adobe), AdForce (IPO and acquired by CMGI) and Scopus Technologies (IPO and acquired by Seibel Systems). He has a successful 25-year track record in enterprise technology investing. Prior to his venture capital career, he led engineering groups at Sun Microsystems in Advanced R&D. Today, he serves on the President’s Council of Advisors on Science and Technology (PCAST), the Board of Trustees for Massachusetts Institute of Technology, and the Board of the National Venture Capital Association. Mark graduated from MIT and received a master’s degree from both the University of Minnesota and Stanford University.
“Mark is an incredibly intelligent investor who has a knack for identifying opportunities before anyone else,” said Fontana. “With our complementary backgrounds and a singular focus on analytics, Zetta has the expertise, network and access to make exceptional investments and help entrepreneurs build great companies.”
About Zetta Venture Partners
Led by Mark Gorenberg and Ash Fontana, Zetta Venture Partners debuted in 2015 with a $60 million venture fund and early-stage investments in a portfolio of eight high-growth enterprise analytics companies. For more information, visit www.zettavp.com.