Scoop: Cava Capital Eyes 2011 First Close on $100M Fund
Cava Capital, the Connecticut-based early stage venture fund, plans to hold its first close on its initial $100 million fund in mid-2011, according to multiple sources familiar with Cava’s plans. Cava Capital (which, for all you Francophiles, is not pronounced like the French question: “How are you,” but instead with a hard C) will reel in between $30 million and $40 million before it closes its round, one source said. The firm has met with placement agents, but has not selected one, a source familiar with its plans indicated. The firm completed a Series A investment in etouches Inc., a Connecticut-based SaaS company supporting online event management. A source with Cava indicated...
13 January 2011•1 min read
