---
title: "Sundance Growth Closes $250M Fund II at Its Upper Limit"
description: "Sundance Growth closed its second software-focused growth fund at a $250 million target and upper limit, doubling its inaugural fund after just 15 months."
date: 2026-09-25T00:00:00.000Z
source: https://venturecapitaltracker.com/2026-sundance-growth-250m-fund-ii-final-close
---

# Sundance Growth Closes $250M Fund II at Its Upper Limit

> Sundance Growth closed its second software-focused growth fund at a $250 million target and upper limit, doubling its inaugural fund after just 15 months.

**Sundance Growth closed Fund II at $250 million**, reaching both its target and upper limit. The final close was announced on September 22, 2026.

The vehicle is twice the size of Sundance's $125 million inaugural fund, which closed 15 months earlier. Pacenote Capital helped market both funds.

## Fund terms

| Field | Detail |
| --- | --- |
| Manager | [Sundance Growth](/vc/sundance-growth) |
| Vehicle | Sundance Growth Fund II |
| Final close | **$250M** |
| Status | Final close at target and upper limit |
| Prior fund | $125M |
| Strategy | Founder-led B2B software growth investments |
| Typical check | Reported $5M–$25M |

## Why this close matters

Sundance focuses on founder-led software companies with approximately $5 million to $10 million of annual recurring revenue. That places it between traditional venture capital and control-oriented software private equity.

The firm raised the successor quickly despite a difficult market for emerging managers and software funds. Existing backers, including Fund I anchor Accolade Partners, supported the new vehicle; additional limited partners were not publicly named.

## Keep the category precise

This is a software growth-equity and private-equity vehicle, not a conventional seed or early-stage venture fund. Its check sizes and target-company maturity are materially different from early-stage VC.

## Bottom line

The confirmed news is a **$250 million final close**, not a target or first close. The rapid step-up from $125 million signals LP confidence, but fund performance, fee terms and the complete LP roster remain undisclosed.

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** September 25, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.