Jackson Square Ventures raises $193m

The San Francisco-based investment firm closed its third US venture capital technology fund.

Jackson Square Ventures held a final closing of Jackson Square Ventures III at $193 million, surpassing its $150 million target. The fund received capital commitments from several new and existing limited partners and will target early stage marketplace and software-as-a-service companies throughout the United States.

Founded in 2011 as Sigma West, Jackson Square Ventures closed its debut fund, Jackson Square Ventures I, in December 2012 at $124 million. The firm has followed the same venture capital strategy across its three vehicles, investing in US-based technology startups.