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Steve Jurvetson raising new frontier tech venture fund: source

Georgian Partners raises bulk of $500 mln Fund IV, doubles GP team

Georgian Partners has raised most of the US$500 million ($645 million) target set for its fourth fund, as the firm executes an ambitious plan to broaden its reach in the North American market. Georgian Partners Growth Fund IV has so far secured US$450 million ($580 million), a source told PE Hub Canada. It is expected to cross the finish line in the weeks ahead, possibly at or near its hard cap of US$550 million. If successful, the fund would be Georgian’s largest to date and one of Canada’s largest private tech partnerships on record.

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