MedMen Capital has raised $17.5 million to date for its MedMen Opportunity Fund II, per a SEC filing. The Culver City-headquartered firm has set a $500 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised $60 million in 2017.
The fund will target venture capital opportunities in cannabis sectors in North America.