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January 12, 2013 03:50 am GMT
According to an SEC filing, Silicon Valley investor SV Angel has raised a new round of funding for a fund titled, SV Angel-III Growth P. As we reported in August, SV Angel filed another document with the SEC that indicated the firm was raising another $40 million for a new fund.SV Angel, which was co-founded by angel investors David Lee and Ron Conway, has invested in companies such as Twitter, Zynga, Square, Hipmunk, Fab.com, Path, and Airbnb. The firm most recently raised $20 million in the Spring of 2011. This specific fund from the form filed today appears to be a growth fund for the III fund.SV Angel could have raised this extra fund to participate in follow-on investments for seed companies. Last year, Conway announced that Lee is solely running SV Angel, with Conway still maintaining a large vested interest. Lee had said in May of 2012 that he was possibly raising additional money for the firm. As Conway told TechCrunch founder Michael Arrington (who is a limited partner in SV Angel) last year, SV Angel typically invests in 2 to 3 startups per month, but 5 qualified deals a day are referred to them through their network.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JjbSk5EhEZk/
It Looks Like SV Angel Just Raised Another $30 Million
According to an SEC filing, Silicon Valley investor SV Angel has raised a new round of funding for a fund titled, SV Angel-III Growth P. As we reported in August, SV Angel filed another document with the SEC that indicated the firm was raising another $40 million for a new fund.SV Angel, which was co-founded by angel investors David Lee and Ron Conway, has invested in companies such as Twitter, Zynga, Square, Hipmunk, Fab.com, Path, and Airbnb. The firm most recently raised $20 million in the Spring of 2011. This specific fund from the form filed today appears to be a growth fund for the III fund.SV Angel could have raised this extra fund to participate in follow-on investments for seed companies. Last year, Conway announced that Lee is solely running SV Angel, with Conway still maintaining a large vested interest. Lee had said in May of 2012 that he was possibly raising additional money for the firm. As Conway told TechCrunch founder Michael Arrington (who is a limited partner in SV Angel) last year, SV Angel typically invests in 2 to 3 startups per month, but 5 qualified deals a day are referred to them through their network. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JjbSk5EhEZk/
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