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
A technology company providing an integration platform for connecting SaaS & enterprise applications.
Big Switch Networks is a Santa Clara, California-based company founded in 2010.
A software platform for data visualization and embedding reports & dashboards.
Practice Fusion is a San Francisco-based developer of electronic health record and medical practice management software.
Evernote is a company offering notetaking software and online service founded in 2008 by Stepan Pachikov.
Biotechnology company developing synthetic materials for native tissue regeneration and tissue engineering platforms
A company that develops products for weight management and obesity-related metabolic disorders
Nominum is a Redwood City, California-based company founded in 1999 by Paul Mockapetris.
Force10 is a San Jose, California-based e-commerce company.
LendingClub is an online credit marketplace connecting borrowers and investors
Sonatype is a Fulton, Maryland-based cybersecurity company helping enterprises get precise intelligence about open source components and software security.
A company developing microbiome modulators for infection, immunity and metabolic diseases
A medical device company manufacturing non-invasive respiratory support system
A company developing automated bedside glucose monitoring device for patients
A pharmaceutical company developing products to address hemophilia
A company that provides reagents, services and training for scientists for cellular reprogramming
Iga Worldwide is a company founded by Darren Herman, Justin Holmes, Jeffrey Thibeault and Wilson Kriegel.
A company that develops therapies to relieve patients with chronic back pains
A pharmaceutical company that develops topical products to treat rare diseases
A biopharmaceutical company developing oral small molecule therapies for the treatment of cancer and autoimmune diseases
People
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
