Act One Ventures’ Post

We’re thrilled to share some exciting news! AuditBoard has agreed to be acquired by Hg, one of the world's largest and most successful software investors. This is the result of AuditBoard’s customer-centric approach and potent combination of innovative technology at a time when demand for our connected risk platform is fueling rapid global growth. AuditBoard will continue to operate as an independent subsidiary, as Hg supports us through a continued global expansion ➡️ https://lnkd.in/gPhtvK7q

My partner Michael Silton and I are humbled to share the closing of Act One Ventures Fund III this past December with $73mm in committed capital, 3X the size of our prior fund. This fund took us three brutal years to raise. I was caretaker for my father Alfredo Guerrero Alarcon as he battled cancer in 2021, and then passed away in 2022 at the age of 75. I know how proud he was of me then, and I can feel how proud he is of me now; we've broken those generational curses. Thank you so very much to all of our LPs who came back to support us, and to the new ones who are now also part of our familia. It means the world that you came into this fund at this critical moment in our firm's life. If you know us, you know that everyday for us is always about the founders. A big thank you to our current founders who've allowed us to be a small part of their journeys. We are looking forward to investing in more exciting teams building outstanding business software solutions for an ever changing world.