Storm Ventures, a venture firm in Menlo Park, has locked $130.4 Million, as per a new filing. The outfit started its fundraising late in 2018, as per a previous filing. It had locked its earlier fund in 2015 with $180 Million.
Storm differentiates itself in various manners, comprising its exclusive aim on Series A and seed stage enterprise firms, comprising SaaS, mobile, and cloud infrastructure firms.
The associates also have a penchant for assisting far-flung firms develop their footprint all over the world. Tae Hea Nahm, for instance, a founding MD of the company (and cofounder of 4 mobile firms prior to that, comprising MobileIron and Airespace), was born in Seoul and has informed the media earlier that he invests a substantial amount of time in South Korea to attend board meetings of startup, as well as to Korea Telecom and Samsung.
Ryan Floyd, another of the cofounders of the firm, in the meantimelately wrote about his “search” for European establishers, partiallydue to the fact that they are more aimed on income from the outset as compared to some of their US peers (an progressively attractive quality in all startups abruptly).
One of most notable bets by Storm currently comprise Workato, a quick-developing, Cupertino-located work automation service, which 2 Weeks earlier declared $70 Million in funding Series C round spearheaded by Redpoint. Storm—which was comprised in the firm’s Series B and A rounds—also took part in the round.
One more bet is Honeycomb, a San Francisco-located firm whose product commits developer groups that they can see manufacture more obviously so they can solve problems more rapidly. The firm lifted $11.4 Million in Series A rounding spearheaded in September by Scale Venture Partners; Storm, which had took part in the firm’s seed round, also took part amongst others.