Origin Ventures closes $47 mln for third fund

Origin Ventures said Wednesday that it has raised $47 million in the final close of its third fund. The pool will focus on Series A financing for companies in software, e-commerce, digital media and ad technology. Origin Ventures is an early-stage venture capital firm based in Northbrook, Illinois.


Chicago, IL – November 20, 2013. Origin Ventures, a Chicago-based early stage venture capital firm, today announced the final close of its latest fund, Origin Ventures III LP. The $47M fund, which was launched in January 2013, will focus on Series A financing for companies in software, e-commerce, digital media and ad technology. The Origin investment team has completed five investments out of Fund III to date, including Aisle50, Iris Mobile, Whittl, DoggyLoot and City Scan.
Origin’s previous investments include several market-leading companies, including GrubHub Seamless, ifbyphone, Shoutlet, ClaimForce and Campus Explorer.
“The growth in the community and in our firm is a testament to the success we have witnessed in this region over the last decade,” said Origin co-founder Steve Miller. “With Fund III, we look toward the future, which we believe is very bright for early stage companies and for Origin. We are excited to provide leadership in financing and strategic direction to another group of talented and ambitious entrepreneurs.”
“We are very pleased with the additional capital we have raised for Fund III,” commented Origin co-founder Bruce Barron. ”We have added some very valuable limited partners, who together with our original investors, represent some of the most esteemed and accomplished business leaders in Chicago.”
Origin previously announced significant additions to its management team. Brent Hill joined Origin in early 2013 as a Principal after a successful career as an entrepreneur and operating executive at Twitter, Google and FeedBurner. Origin added Eric Olson as an Associate in October 2013. Eric joins Origin after serving as an investor, founder and early team member at DFJ Portage Ventures, TECH cocktail and FeedBurner, respectively.
About Origin Ventures:
Origin Ventures is an early stage venture capital firm based in Northbrook, IL with additional offices in Chicago, IL. The firm was co-founded by Steve Miller and Bruce Barron in 1999. Previous investments include iNest Realty (sold to IAC), GrubHub Seamless, Shoutlet, ifbyphone, ClaimForce and Campus Explorer.