Ignition Partners, an early-stage VC firm, has closed its Ignition Venture Partners V fund with total commitments of $150 million. The oversubscribed fund will target early-stage investments in U.S.-based enterprise-technology companies, with emphasis on the West Coast. As part of its strategy to link to the California tech community, the Bellevue, WA-based firm has opened an office in Palo Alto and added a San Francisco-based partner, Nick Sturiale. Current investments include California tech companies Cloudera, Parse and Hipmunk.
