Morgenthaler Ventures is a private equity and venture capital firm based in Cleveland, Ohio. The firm was founded in 1968 by David T. Morgenthaler. It invests primarily in information technology and life sciences. The company made early investments in major technology companies such as Apple and Verifone.
After announcing a ninth fund in 2008, the firm split itself into information technology and life sciences divisions. Each division would raise individual funds that would still be managed under the umbrella of Morgenthaler Ventures.
The information technology division was first to closed its fund, called Canvas Ventures, in 2013 at $175 million. In 2016, Canvas Ventures announced that had closed its second fund at $200 million.
The life sciences division closed its first fund, called Lightstone Ventures, valued at $172 million. Lightstone announced in 2017 that it has closed its second fund at $250 million.
Timeline
Funded Companies
JaspersoftA software platform for data visualization and embedding reports & dashboards.
San Francisco
Palo Alto, California
Practice FusionPractice Fusion is a San Francisco-based company founded by Matthew Douglass, Jonathan Malek and Ryan Howard.
EvernoteCompany offering notetaking software and online service
United States
Mosaic BiosciencesBiotechnology company developing synthetic materials for native tissue regeneration and tissue engineering platforms
Boulder
Boulder, Colorado
Elcelyx TherapeuticsA company that develops products for weight management and obesity-related metabolic disorders
California
San Diego
NominumNominum is a Redwood City, California-based network security company founded by Paul Mockapetris.
Redwood City, California
SocrataSocrata is a Seattle-based company founded by Kevin Merritt.
Seattle
DoximityCompany
Imeem
Force10Force10 is a San Jose, California-based e-commerce company.
San Jose, California
FundlyFundly is a San Francisco-based company founded by James Nicol.
Lending ClubLendingClub is an online credit marketplace connecting borrowers and investors
Big Switch NetworksBig Switch Networks is a Santa Clara, California-based software company.
Santa Clara, California
Sonatype
Second GenomeA company developing microbiome modulators for infection, immunity and metabolic diseases
VapothermA medical device company manufacturing non-invasive respiratory support system
Exeter, New Hampshire
OptiScan BiomedicalA company developing automated bedside glucose monitoring device for patients
Hayward, California
StemgentA company that provides reagents, services and training for scientists for cellular reprogramming
Lexington, Massachusetts
Iga WorldwideIga Worldwide is a company founded by Darren Herman, Justin Holmes, Jeffrey Thibeault and Wilson Kriegel.
Catalyst BiosciencesA pharmaceutical company developing products to address hemophilia
South San Francisco, California
Digital RailroadDigital Railroad is a photography company founded by Evan Nisselson.
Planet SohoCompany
RelateIQ
Principia BioPharmaA biopharmaceutical company developing oral small molecule therapies for the treatment of cancer and autoimmune diseases
PromediorA biotechnology company developing targeted therapeutics for the treatment of fibrosis and other diseases
Lexington, VirginiaPeople
Alex Nigg
Employee
Courtney Mccolgan
Employee
Cristian Liu
Employee
David T. Morgenthaler
Founder
Gaby Gulo
Employee
Gary Little
Employee
Itamar Novick
Employee
Juan-Pablo Mas
Employee
Kathy Finnegan
Employee
Marc McDonnell
Employee
Missy Krasner
Employee
Rebecca Lynn
Employee
Slava Balter
Employee
Company
Venture capital
Technology
Cleveland
