Longworth Nabs $122M for Third Fund

Longworth Venture Partners, a Waltham, MA, venture firm that invests in software, Internet, and wireless businesses, has raised $122 million of $180 million it wants for its third fund, PE Hub reports, citing a regulatory filing. PE Hub said that Longworth secured $120 million for its second fund in 2003, and raised $20.5 million for its maiden fund in 1999.

Author: Ryan McBride

Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News. Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.