Reciprocal Ventures raises $25m

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Reciprocal Ventures has raised $25 million to date for its Reciprocal Ventures I, per a SEC filing. The New York-headquartered firm has set a $60 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

The fund will target venture capital opportunities in technology, media, and telecommunications sectors in North America.