Upfront Ventures raises $280 mln for fifth fund
Upfront Ventures has closed $280 million for its fifth fund, Mark Suster, a general partner at the Los Angeles-based venture firm confirmed in a blog post. The pool's LPs include university endowments, foundations, insurance firms, banks, family offices and fund of funds. According to Suster, the fund will continue the firm's previous investment strategy of focusing mostly on Series Seed and A deals, with half based in Southern California and the other half nationally. In 2012, Upfront raised $200 million for its previous fund. To read more details about Upfront's fifth fund, visit here.
16 December 2014•1 min read
