Deals

SV Angel is raising a fifth, $70M fund — its largest to date

funding
Image Credit: Shutterstock

SV Angel, the seed-stage VC firm founded by Ron Conway and ex-Googler David Lee, is raising a fifth, $70 million fund.

Revealed in a public SEC filing, no limited partners (LPs) have officially committed to the new fund, but its projected size is certainly noteworthy; the fifth fund is 75 percent larger than SV Angel’s last two funds, both $40 million in size — announced August 2012 and May 2011 respectively. SV Angel’s second fund, raised in 2010, was $20 million, and the size of its first fund, raised in 2008, is unknown.

VentureBeat has reached out to SV Angel for comment on the new fund.

SV Angel funds

SV Angel Fund Sizes

Ron Conway says his role at SV Angel has diminished since he cofounded the firm in 2008. SV Angel’s portfolio includes startups like Snapchat, Secret, Instacart, and Pinterest.

Here’s today’s SEC filing in full:

More information:

SV Angel is the micro VC firm located in Silicon Valley and founded by angel investors, Ron Conway and David Lee. SV Angel provides capital investments to early stage companies focused on the Internet, e-commerce, and information techn... read more »

Ronald Conway has been an active angel investor for over 15 years. He was the Founder and Managing Partner of the Angel Investors LP funds (1998-2005) whose investments included: Google, Ask Jeeves, Paypal, Good Technology, Opsware, an... read more »

David Lee is a Founder and Managing Partner of SV Angel. Prior to SV Angel, David was at Baseline Ventures, a leading seed-stage venture firm. He was a founding member of Google’s New Business Development team and led business develo... read more »

Powered by VBProfiles