CircleUp raises $125m for growth fund

The San Francisco-based firm will focus on early-stage consumer and retail brands

CircleUp closed its latest venture capital fund, CircleUp Growth Partners, at $125 million.

The fund, which was oversubscribed and closed at its hard cap, will target early-stage consumer and retail brands through CircleUp’s machine learning platform, Helio. Limited partners include Temasek, Euclidean Capital, and individual investors.

The San Francisco-based firm’s previous fund, Circleup Growth Capital I, closed in 2015 on $22 million.