On Thursday, Origin Ventures announced the closing of its fourth venture capital fund with $80 million in funding. The new fund brings Origin’s total assets under management to more than $135 million.
“Getting to fund four is a big accomplishment, and we’re pretty excited about that and humbled that we have made it this far,” said partner Jason Heltzer.
The newest fund is more than double the size of its previous fund, which launched in 2013.
Founded in 1999, Origin focuses primarily on Series A investments in software, marketplace and content startups. Its portfolio includes companies like Grubhub and Avant.
“The companies we invest in tend to have built a product with some initial product market fit, revenue and customers we can talk to to really understand the value of that product,” said Heltzer. “We’ve backed a wide variety of entrepreneurs. [Grubhub’s founders] were first-time entrepreneurs but we’ve backed some very experienced managers as well.”
Headquartered in Chicago, Origin has investments all over the country. Heltzer said the fund is open to investing in Canada as well, should the right deal come along. Origin is also opening a Salt…