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Posted May 28, 2019
Atlanta-based Noro-Moseley Partners has closed on an oversubscribed eighth fund (NMP VIII) to invest in growing healthcare technology and software companies. At $180 million, this is Noro-Moseley’s largest fund since the dot-com boom, and one of the largest active funds in the Southeast.
“We really got a broad base of support, which we’re excited about,” Noro-Moseley General Partner Alan Taetle tells Hypepotamus. That included existing LPs, as well as several new ones.
Taetle and Managing General Partner Allen Moseley have worked together for two-plus decades to refine their model and investment thesis. Since their start, they have invested over $800 million in 200-plus companies.
In that time, they’ve helped realize some of the biggest technology exits in the Southeast: Wellcentive, acquired by Philips; Clearleap, sold to IBM; Virtustream, sold to Dell EMC for $1.2 billion; Vocalocity, acquired by Vonage; and SecureWorks, sold to Dell.