March Capital
SEC exempt reporting adviser (venture capital exemption).
- Website
- HTTPS://MARCHCP.COM
- HQ
- CA
March Capital generally invests in AI-enabled enterprise software businesses poised for hyper-growth. Its portfolio includes companies such as Canva, CrowdStrike, Uniphore, Lila Sciences, and Avathon, which work in areas like cybersecurity, business AI, and industrial AI.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Growth | Not enough dated deals | Series A, Series B, Growth, Seed |
| Sectors | AI applications, Cybersecurity, Enterprise SaaS, Fintech, Gaming | Not enough dated deals | Enterprise SaaS, Data analytics, Gaming, Cybersecurity, Hardware, AI applications, Fintech |
| Regions | Global | Not enough dated deals | CA, NY |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2012 | 2 | Data analytics, Enterprise SaaS, Fintech |
| 2013 | 1 | Data analytics |
| 2014 | 4 | Cybersecurity, Devtools, Digital health |
| 2015 | 12 | Data analytics, Enterprise SaaS, AI applications |
| 2016 | 8 | Data analytics, Enterprise SaaS, Gaming |
| 2017 | 16 | Enterprise SaaS, Gaming, Cybersecurity |
| 2018 | 11 | Cybersecurity, Enterprise SaaS, Gaming |
| 2019 | 9 | AI applications, Gaming, Cybersecurity |
| 2020 | 6 | Enterprise SaaS, AI applications, Data analytics |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2014 | 0 | 2 | 1 | 1 | 0 |
| 2015 | 0 | 3 | 6 | 0 | 1 |
| 2016 | 0 | 2 | 2 | 1 | 2 |
| 2017 | 0 | 3 | 6 | 5 | 2 |
| 2018 | 0 | 1 | 4 | 1 | 3 |
| 2019 | 0 | 1 | 1 | 5 | 2 |
| 2020 | 0 | 1 | 1 | 1 | 3 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 1 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| March Capital Partners Fund V, L.P. March Capital invests in AI-enabled enterprise software businesses poised for hyper-growth, backing frontier technology companies with large market opportunities, established product-market fit, and teams building with velocity. Inferred from the firm's website | approx. 2025 | $500M (Form D) | Raising |
| March Capital Gaming Fund II, L.P. March Capital invests in AI-enabled enterprise software businesses poised for hyper-growth, backing frontier technology companies with large market opportunities, established product-market fit, and teams building with velocity. Inferred from the firm's website | approx. 2021 | $120M (Form D) | Late investment period |
| March Capital Partners Fund IV, L.P. March Capital invests in AI-enabled enterprise software businesses poised for hyper-growth, backing frontier technology companies with large market opportunities, established product-market fit, and teams building with velocity. Inferred from the firm's website | 2021 | $584.83M to $600M (Form D) | Late investment period |
| HIVE IV, LLC (THE) | 2020 | $8.47M to $35M (Form D) | Follow-ons only |
03 · People across funds
- Gregory Milken, Managing Director of General Partners of Issuers
March Capital Gaming Fund II, L.P. (Named on Form D); March Capital Partners Fund IV, L.P. (Named on Form D)
- James Montgomery, Managing Director of General Partners of Issuers
March Capital Partners Fund V, L.P. (Named on Form D); March Capital Gaming Fund II, L.P. (Named on Form D); March Capital Partners Fund IV, L.P. (Named on Form D)
- Sumant Mandal, Co-Founder & Managing Partner
March Capital Partners Fund V, L.P. (Named on Form D); March Capital Gaming Fund II, L.P. (Named on Form D); March Capital Partners Fund IV, L.P. (Named on Form D); HIVE IV, LLC (THE) (Named on Form D)
- T.M. RAVI, MANAGER OF HIVE GROUP MANAGEMENT, LLC, MANAGER
HIVE IV, LLC (THE) (Named on Form D)
- Anna Wang, Associate
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Brad Weirick, Partner & General Counsel
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Dana Moraly, Partner; Chief Financial & Administrative Officer
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Hyun Koo, Partner
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Jamie Montgomery, Co-Founder & Managing Partner
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Jed Leidheiser, Partner
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Johnny Hooper, Associate
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Lucas Pino, Vice President
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Maya Matthews, Senior Associate
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Oliver Marques, Partner, Capital Formation
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Rajan Mehra, Partner
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Ravi Rajamony, Vice President
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Richard Gu, Vice President
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Solomon Hailu, Partner
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
- Wes Nichols, Partner
March Capital Partners Fund V, L.P. (Team); March Capital Gaming Fund II, L.P. (Team); March Capital Partners Fund IV, L.P. (Team); HIVE IV, LLC (THE) (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026