Xfund Fund II raises $100 mln

Xfund said Thursday its second fund closed with $100 million in committed capital. Existing limited partners New Enterprise Associates (NEA), Breyer Capital, and Accel Partners anchored the fund and were joined by long-term institutional LPs. Patrick Chung, most recently a partner at NEA, has also joined Xfund as a GP. Founded at Harvard University in 2011 by a partnership of NEA, Breyer Capital, Accel Partners and Polaris Partners, Xfund is an early-stage venture capital firm.

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