is revealing its third early-stage venture capital fund today, with $85 million to invest. The venture firm, which has been investing since 2012, now has an expanded team, an investment focus on enterprise and consumer technology, and a wider geographic range.
The original fund started with managing directors Rick Thompson, Ed Cluss, and Zaw Thet. to join AI-driven fitness technology company Exer, with an investment from Signia. Sunny Dhillon, who has been at the firm since the outset, has become a managing director.
The third fund actually closed in late 2018, and the company has already made six investments from the new fund.
“We have invested from this new fund already, but we wanted to announce it with some new updates about our team,