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According to a recent SEC filing, it appears that Chris Sacca's newly launched fund, Lowercase Capital, has raised over $20 million in funding.
The firm is also announcing that it has raised $20 million more to its most recently launched fund, bringing the total to nearly $160 million.
As we wrote yesterday, it appeared that Chris Sacca's newly launched fund, Lowercase Capital, has raised over $20 million in funding over the course of the summer.
In terms of history, "Super Angel" Clavier launched Fund II, a $15 million seed fund focusing on the consumer Internet space in 2007, aimed at investing in 50+ companies over 3 years.
"Today there are approximately 4 billion people globally without Internet access," said Peggy Johnson, Executive Vice President of Business Development at Microsoft, in a statement about the newly launched fund.
Upside isn't the only new fund giving up carry, as Binary Capital, a recently launched fund started by Jonathan Teo and Justin Caldbeck, intends to donate a portion of its carry to charitable organizations, mirroring a similar commitment by Andreessen Horowitz a few years ago to donate half of A16Z's partner income to charity.
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M&G, the asset management arm of insurer Prudential, and Hermes Investment Management have launched funds in the past two years.
A new approach was needed to tackle this wasteful practice and Campaign 50% was launched, funded by Defra and co-ordinated by the Centre for Environment, Fisheries and Aquaculture Science.
The success or otherwise of the Bank's recently launched Funding for Lending Scheme FLSS) and Extended Collateral Term Repo (ECTR) is too early to conclude, let alone act upon.
This recently launched fund-raising tool is best shown off on the landing page for the Khan Academy.
Nor will you find an attempt to identify the next crop of superstars among recently launched funds.
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