Jackson Square Ventures Starts Third Fund

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Jackson Square Ventures, based in San Francisco, announced it has closed on its third and largest fund in its history.

The Jackson Square Ventures Fund III, with $193 million in the bank, will accelerate the investing of new startups in addition to several already launched from its previous funds.

“We are proud of the meaningful relationships we have formed with the entrepreneurs leading the 30+ portfolio companies from our first two funds,” said JSV’s managing director Josh Breinlinger in a blog post announcing the launch of the new fund. “We are honored by and thankful for the trust that our limited partners—both existing and new—have placed in us to continue doing what we do best.”

JSV’s funds has already helped launch numerous new startups including DocuSign, OfferUp, Cornershop, Bus.com, Lyte and ScanCafe.

The new fund will concentrate on Software as a Service (SaaS) and marketplace startups.