M13 raises $175m

The Los Angeles-based venture firm closes its second fund above target

M13 has closed M13 Ventures II at $175 million, surpassing its $150 million target. The fund started raising money in November of last year.

The fund targets technology-focused consumer goods companies with Seed, Series A and select Series B+ venture funding.

The firm’s first fund has completed more than 80 investments.