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Meritech Raises $800 Million for Investment Fund

  • Backer of Roblox, Carta sees opportunity to invest in pandemic
  • Firm says it invests in companies 3.5 years before IPO
Traffic In San Francisco As Gasoline Demand Is Rebounding
Photographer: David Paul Morris/Bloomberg
Corrected

Meritech Capital Partners LP, the Palo Alto, California, based venture capital firm that invested in Datadog Inc. and Salesforce.com before they went public, has raised $800 million for its seventh fund.

The firm, which got its start in 1999 prior to the 2001 dot-com bust, said it is poised to invest in both boom times and down times. The recent pandemic, however, was the first time the group had to raise its funds via Zoom Video Communications Inc. calls.