Osage Venture Partners (OVP), today announced the closing of Osage Venture Partners IV, a $90 million fund focused on investing in early-stage, business-to-business (B2B) software companies on the East Coast. OVP IV represents the latest fund executing on OVP’s decade-long strategy of backing exceptional East Coast entrepreneurs building leading B2B software companies that target large emerging or shifting markets.
“With OVP IV we advance our mission of finding and funding the highest quality startups on the East Coast”, said OVP managing partner, Nate Lentz. “Innovation in the U.S. is no longer constrained to a small handful of U.S. markets, and our investment strategy focuses on established and emerging technology hubs including Philadelphia, New York, Boston, Washington D.C. / Northern Virginia, Raleigh-Durham, and Atlanta, among others. OVP III made investments in each of these markets and OVP IV’s portfolio will reflect an increased focus on opportunities in ‘Rise of the Rest’ cities.”
OVP IV represents a meaningful increase in commitments over OVP III, a $66 million fund, allowing more flexibility with the size of initial and follow-on investments. Since the first closing, OVP IV has completed five platform investments including Phone2Action, Noodle Partners, and Galactic Fog, with two recent investments to be announced shortly.
“We are grateful for the support that our many returning investors and new limited partners have shown for our strategy and our team,” commented Bob Adelson, managing partner at Osage Venture Partners. “We also fully recognize that the lion’s share of our success at OVP has been driven by dozens of outstanding entrepreneurs who have since become brand ambassadors for our fund. These relationships are critical to our continued success.”
The investing team of Bob Adelson, Nate Lentz, David Drahms, and Sean Dowling has been together since the start of OVP III and will continue to expand as OVP IV is deployed. Osage Venture Partners is part of a family of investment funds within Osage Partners, which is based just outside Philadelphia, PA and manages in excess of $500 million.