Omega Venture Partners Closes New VC Fund

Omega Venture Partners Closes $115+ Million VC Fund to Invest in Fast Growing AI-Enabled Companies that Solve High-Value Business Problems

Latest fund will further empower innovative companies applying intelligent software to transform the enterprise

PALO ALTO, Calif., Feb. 9, 2022 /PRNewswire/ — Omega Venture Partners, a premier  technology venture capital firm that partners with top entrepreneurs and management teams to back category-defining businesses benefitting from the convergence of powerful megatrends across Artificial Intelligence, Automation, Data, and Digitization, today announced that it has closed a new fund.

In 2021 Omega Venture Partners completed twelve investments – ten into new portfolio companies as well as participating in the follow-on financings of two existing companies. The firm has seen strong momentum across its portfolio, in particular with DataRobot, Language I/O, ZenBusiness, and  Verbit raising meaningful up-round financings above its original investment cost basis. So far in the first quarter of 2022, Omega has added several compelling new investments to its portfolio, including Elemental Machines, Superside, Centaur Diagnostics, and NLUDB.

“Omega Venture Partners is an excellent partner for our company,” said Ross Buhrdorf, CEO of ZenBusiness, Inc. “The resources, contacts, and exceptional knowledge that Omega brings to the table is truly outstanding. As experienced investors, operators, and subject matter experts, Omega understands what it takes to successfully finance and help growing startups maximize their potential and prosper.”

Investing at the inflection point of a major platform evolution

Omega is capitalizing on the next pioneering innovation cycle catalyzed by AI, ML, automation, and digital transformation. Omega’s market-centric investment focus of investing in intelligent software businesses that solve major challenges with broad applicability and real ROI represents the sweet-spot of the AI market, because there is both widespread commercial demand and a compelling, demonstrable customer value proposition.

With venture-backed AI companies anticipated to create hundreds of billions of dollars of market cap, credible third parties view AI as the most promising area in technology investing for the foreseeable future.

Omega’s new fund exceeded the original $100 million target—a decision the firm made with deliberation as to maintaining its ‘right-size’ approach while accommodating investors who it believes add to Omega’s distinctive Limited Partner ecosystem.

“The application of Artificial Intelligence to deliver breakthrough business solutions and to unleash vast revenue growth opportunities is the most lucrative and exciting secular trend I have seen in my 16-plus years of leading venture capital firms,” said Gaurav Tewari, Managing Partner at Omega Venture Partners. “Across the intelligent software space, Omega is thrilled to partner with some of the most innovative and fastest growing companies, who value our market knowledge, expertise, network, and strategic relationships to help them succeed.”

Omega also partners with preeminent authorities from MIT, combining deep domain expertise with a successful track record in technology investing. The fast-growing venture firm also relies upon a trusted network of operating leaders from Fortune 500 companies who augment deal access and sharpen investment outcomes.

 

About Omega Venture Partners

Omega Venture Partners is a premier technology investment firm headquartered in Silicon Valley. Omega invests in rapidly growing software businesses that leverage artificial intelligence (AI), machine learning (ML), data, and automation to deliver transformative solutions. The firm employs a thematic investment strategy to identify large market opportunities and invest in the next generation of category-defining companies. Visit: https://www.omegavp.com/

 

 

 

Important Disclosures

Important Disclosures

These materials and the views expressed herein are intended for informational purposes only, and should not be used as or as a substitute for investment, financial, tax or other forms of advice or for any other purpose. These materials are not intended to act as an offer or solicitation for the purchase or sale of any financial instrument. Information referenced or used herein has been obtained from sources believed to be reliable but Omega does not warrant the completeness or accuracy of any third-party information. Past performance is not indicative of future results. Graphs and charts cannot be used in and of themselves to determine the advisability of investing in securities or the timing of the purchase or sale of any security.

These materials contain opinions and/or estimates of Omega and its personnel that constitute its and their perspectives as of the date of these materials and are subject to change without notice. The opinions contained in these materials do not take into account individual circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments, or strategies. The recipient of these materials must independently undertake its own diligence and thereafter make its own decisions regarding the advisability of any securities or financial instruments referenced herein.

Omega will not be responsible or have any liability for any injuries or damages of the recipient of these materials or any third party, including injuries or damages that may result from (i) the reliance of any person upon any information or opinion provided herein or (ii) any errors, inaccuracies, omissions in, or any other failure of, the data herein, from whatever cause. Omega shall not be liable for direct, indirect or incidental special or consequential damages resulting from the information contained herein and/or from any decision taken on the basis of such information, regardless of whether such damages were foreseeable. Some of the companies selected for inclusion in this report are held by investment vehicles or clients managed by Omega.