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Morgenthaler Closes Ninth Fund at $400 Million
Date:11/12/2008

Increases Fund Size for Venture Team by 30%

MENLO PARK, Calif., Nov. 12 /PRNewswire/ -- Morgenthaler Ventures ( http://www.morgenthaler.com/ventures ), a leading venture capital firm celebrating 40 years of venture investing, announced today that it has exceeded its fundraising goal and closed its ninth fund at slightly more than $400 million. This brings the firm's total capital under management to $2.6 billion. Morgenthaler Venture Partners IX, L.P. is an early-stage venture capital fund focused on investments in information technology and life science companies.

"We are pleased by the response of our limited partners and their trust in our ability to invest successfully and steadily through up and down cycles," said Robert "Robin" Bellas, partner at Morgenthaler Ventures. Bellas added that some of the industry's most valuable companies were started during economic downturns.

During the last liquidity cycle, Morgenthaler had five IPOs, including the top-performing life science IPO of 2008 -- IPC The Hospitalist Company. It also had ten noteworthy acquisitions ranging in value from $100 million to over $1 billion. The firm's track record helped place it on Forbes' Midas List of 2008, which ranks the best dealmakers in high tech and life sciences.

Notable companies in Morgenthaler's current portfolio include: NexTag, the largest independent online comparison-shopping site in the US; imeem, the world's largest music-streaming site with 30 million unique visitors; OncoMed Pharmaceuticals, a leading biotechnology company which announced a $1.4 billion strategic agreement with GlaxoSmithKline; Satiety, a medical device company offering an incision-less stomach volume-reduction solution for treating obesity; and Cortina Systems, a leading supplier of intelligent communication IC solutions for worldwide markets.

Morgenthaler will continue to focus on earl
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SOURCE Morgenthaler Ventures
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