SV Angel, the seed-stage VC firm founded by Ron Conway and ex-Googler David Lee, is raising a fifth, $70 million fund.
Revealed in a public SEC filing, no limited partners (LPs) have officially committed to the new fund, but its projected size is certainly noteworthy; the fifth fund is 75 percent larger than SV Angel’s last two funds, both $40 million in size — announced August 2012 and May 2011 respectively. SV Angel’s second fund, raised in 2010, was $20 million, and the size of its first fund, raised in 2008, is unknown.
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To read the original article: SV Angel is raising a fifth, $70M fund -- its largest to date | VentureBeat | Deals | by Harrison Weber
