Y Combinator has raised $125 million to date for its Initialized III, according to a SEC filing. The Mountain View-headquartered firm has set a $100 million target and began fundraising in 2016. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised $40 million in 2013.
The fund will target venture capital opportunities in technology, media, and telecommunications sectors in the United States.