PeakSpan Capital just closed on $265 million more to fund business software companies

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PeakSpan Capital, a four-year-old, Burlingame, Calif.-based venture firm, has closed its second fund with $265 million in capital commitments, according to a new SEC filing that shows that 68 investors were involved in the fundraise.

That’s a meaningful jump in size from the firm’s $150 million debut fund, which it closed in 2016.

PeakSpan was co-founded by Phil Dur, Brian Mulvey, and Matt Melymuka, longtime investors who’d worked together previously for an outfit that’s no longer around (Investor Growth Capital).

Their firm specializes in growth-stage business software companies.

PeakSpan had funded 11 startups with its first fund. Among its most recent bets is Cordial, a four-year-old, San Diego-based email platform that raised $15 million in Series B funding last summer led


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