Morrison Foerster advised Moneta Ventures on its third fund, raising over $250 million to invest in early-stage software companies in the U.S. West Coast and Texas startup ecosystems.
Moneta Ventures is a venture capital firm that invests in Seed and Series A enterprise software companies, writing initial check sizes of $1-5 million. Their investment thesis centers on “Software++”, a set of criteria that involves investing in software companies with multi-layered monetization strategies and a transformational technology play. Moneta Ventures is dual-headquartered in Sacramento, CA, and Austin, TX.
The MoFo team was led by Palo Alto private funds chair and partner Stephanie Thomas, together with Palo Alto private funds partner Lee Shepard and private funds associate Caroline Sir, with invaluable assistance from Washington, D.C. tax partner Jaclyn Goldberg and investment management associate Aaron Russ and Denver investment management partner Kelley Howes.
