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Morgenthaler is a premier venture capital and buyout firm.
We have worked with outstanding entrepreneurs to build valuable companies for over 39 years. Today, we have approximately $2.5 billion under management, including $450 million in our current fund (capitalized in October of 2005). Our passion for company building has earned us the respect of our partners and exceptional results for our investors.
Morgenthaler manages its investments through two teams:
Morgenthaler Ventures
Its Silicon Valley-based venture capital team focuses on life sciences and information technology companies. The team is headquartered in Menlo Park, CA, with offices in Boulder, CO; Boston, MA; and Princeton, NJ.
Morgenthaler Partners
Its Boston and Cleveland-based buyout group focuses on traditional management buyouts and leveraged recapitalizations, industry build-ups and later-stage investments. The team invests in profitable, stand-alone middle-market companies, and divisions or subsidiaries of larger corporations. It focuses on high-value manufacturing and business services.
History
David Morgenthaler founded the firm in 1968 after a successful career as an operating executive. After selling his venture-backed business to an international company, Dave decided there was a tremendous opportunity for private venture capital investing. He then built a venture capital firm with a goal of investing in a variety of private technology companies nationally. He also took a leadership role in establishing the legitimacy and potential of the nascent venture capital industry.
Among his many contributions to the emerging industry, Dave was president of the National Venture Capital Association (NVCA) when the capital gains tax reduction was enacted in 1978, and played a leading role in testifying before Congress for the new legislation. He was also instrumental in helping pass the ERISA legislation of 1979, allowing for pension funds to invest in private equity for the first time. Dave was given the first National Venture Capital Lifetime Achievement Award in 1998 in recognition for his contributions. Today, Dave is a founding partner at the firm.
Morgenthaler shifted from a family partnership and began raising institutional funds in the early 1980s. General partners with diverse experience have been added over the ensuing years to grow a uniquely national firm. Following the culture created by Dave, the partners share the common characteristics of integrity, deep operational expertise, and exceptional insight into their chosen areas of focus. Today, our venture capital practice is based in Menlo Park, CA, with offices in Boston, MA; Boulder, CO; and Princeton, NJ. Our middle-market management buyout group is based in Boston and Cleveland.
We have worked with entrepreneurs in approximately 300 companies since the firm's founding. We strive to be the entrepreneur's most trusted partner.
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