Ignite Ventures I, led by Ignite Group, is a venture capital fund that focuses on investing in IT services, computer hardware, and TMT companies. The fund has a representative office in Redwood City and primarily invests in startups based in the United States. It prefers to invest in companies that are 4-5 years old and typically participates in rounds with 5-6 other investors. Ignite Ventures I has made investments in companies like AlphaBlox, Cymbet, and Vocal Point. Its investment areas of interest include mobile and electronics. The fund has notable sponsors such as Accel, New Enterprise Associates, and St. Paul Venture Capital. Ignite Ventures I has a track record of investing in deals ranging from $10 to $50 million and has been active since 2000. The fund is known for its higher-than-average number of lead investments and has limited partners that include large Japanese technology companies.