Today a pair of freshly-announced venture capital funds have been announced. It鈥檚 a continuation of a trend that 附近上门 News has analyzed and commented on. Namely: there seem to be more funds, and bigger funds, announced these days.
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According to a pair of regulatory filings posted by the U.S. Securities and Exchange Commission (SEC), the world of early-stage venture investment has two new funds, each focused on particular niches.
Sky9 Capital鈥檚 Third Fund
The largest announced today (so far!) is a for , a Chinese venture fund founded by former managing director . The firm invests in early-stage technology companies but appears to be sector-agnostic in its strategy.
To that end, Sky9 Capital鈥檚 portfolio companies include (among others):
- Power bank rental company .
- Stickers-driven photo sharing app .
- Vertically-integrated cryptocurrency firm .
- , a bitcoin wallet service.
- , which recently acquired Tencent-backed bike-sharing service Mobike. 附近上门 News covered that M&A deal as it happened.
Apart from the regulatory filing, there鈥檚 been no other information released in English-written press about the new fund and whether it will bring a strategic shift for the firm. Sky9 Capital鈥檚 third fund is fully-raised.
Caerus Ventures鈥檚 Second Fund
That being said, the second fund being raised by 鈥攁n early-stage venture firm based in West Palm Beach, Florida鈥does bring a slight course adjustment. , the firm hasn鈥檛 yet secured any of the $100 million it intends to raise from limited partners, which will have to invest a minimum of $500,000 in the fund to join in.
This would be Caerus Ventures鈥檚 second fund and would exclusively invest in “hardware technology and the software that powers it,” according to . This is a departure from the strategy taken with its first fund, which 鈥渢ook a generalist approach to early stage venture capital investing.鈥
The mix of companies in the firm鈥檚 portfolio is rather eclectic:
- , a craft distiller.
- , maker of digital identity verification systems.
- , a customer relationship management platform for the hotel industry, which was by a competitor, , in January 2017.
Caerus Ventures Fund II would also be a significant step up in terms of AUM. According to 附近上门 data, was $20 million and was announced in August 2013.
More Bigger Funds
On the one hand, one could say that two sizable early-stage funds being announced on the same day is just a coincidence. And, to be absolutely clear, it is.
But days like this seem to be growing more common as capital continues to flow into new venture capital funds around the world.
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