In a world where bigger is better, Ignition Partners, a Bellevue-based venture capital firm, is keeping it small. So to speak.
What is not small is its latest round of funding, which gave the firm $200 million to invest. Its previous fund was $160 million.
For comparison, Palo Alto-based Andreessen Horowitz recently closed its fourth fund with $1.5 billion.
“We embrace the notion of being an “anti-scale” venture firm. We leverage our presence being in Palo Alto and both Amazon and Microsoft’s back yard, coupled with our outsized devotion to a small number of entrepreneurial teams to help generate differential outcomes,” partner Nick Sturiale said in a press release.
The firm reported that during the fundraising process, it received more than $300 million in interest, but chose to stay true to its “boutique” investment model in which it targets small Series A startups.
Sturiale said the fund will focus on mobile products, Internet infrastructure, and cloud-delivered productivity services.
During the past three years, Ignition Partners’ funds have realized more than $800 million in liquidity. The last fund, Fund V, was $160 million in 2013 and invested during the past two years.