The Engine raises $230m

The US-based firm has closed its second venture capital vehicle.

Fund name: Engine Fund II
Amount raised: $230 million
Stage of fundraising: Final close
Final close date: October 2020
Predecessor fund: The Engine Accelerator Fund I

The Engine has held a final close on Engine Fund II on $230 million. The fund will focus on early-stage venture investments in technology, healthcare and renewables sectors across North America.