Plymouth Ventures raises $40m

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Plymouth Ventures has raised $40 million to date for its Plymouth Growth Partners IV, per a SEC filing. The Ann Arbor-headquartered firm has set a $100 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 $61 million in 2014.

The fund will target growth equity opportunities in a diverse number of sectors in the United States.