Jackson Square Ventures just closed its third fund with $193 million; here's how it plans to invest it

Jackson Square Ventures (JSV), an eight-year-old, San Francisco-based early-stage venture firm that takes its name from the neighborhood in San Francisco where it's headquartered, has closed its third fund with $193 million in capital commitments -- a sizable step up from its first two funds, which had both rounded up roughly $120 million from the firm's limited partners. The firm, whose founding partners originally spun out of Sigma Partners, invests primarily in U.S.-based software-as-a-service and marketplace companies, with occasional outliers if it can find a way to rationalize the investment. Such was the case with Cornershop, a Latin American online grocery delivery service that JSV co-founder Greg Gretsch first came to know when one of the company's co-founders, Oskar Hjertonsson, moved in across the street from him.