Mobile-focused Eniac Ventures raises $55 mln third fund

Mobile investor Eniac Ventures said it has raised $55 million for its third fund, just 16 months after it closed Fund II with $12 million in commitments. The firm, which has offices in New York and San Francisco, said the fund was oversubscribed and that it also turned down some $20 million in interest from potential LPs. Eniac investments have included the ad targeting company TapCommerce, which Twitter acquired last year for $100 million.

23 January 2015•5 mins read
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