"Growth Stage" Ignition Capital Splits from Ignition Partners
Three growth equity partners from Bellevue-based VC firm Ignition Partners have packed up their offices, renamed themselves Ignition Capital and moved to a new home in downtown Seattle. Back in late 2007, Ignition raised two separate funds, a $400 million vehicle for early-stage investments (Ignition Ventures IV), and a $275 million fund for later-stage stage companies looking to scale faster (Ignition Growth Capital Fund). At the time, Ignition said it planned to make about 30 investments from the early-stage fund and eight to 10 investments from the growth fund, focusing on telecom, software and services. The growth fund had a global mandate, while the early-stage activities focused, sometimes to the firm's detriment, on the Pacific Northwest.
