SVB Capital and Battery raise latest VC funds — Battery on a roll
SVB Capital, an arm of the SVB Financial Group that invests money into different venture capital funds has raised a $255 million pool of capital for the effort.
Meanwhile, Battery Ventures announced that its new venture fund totals $750 million, somewhat lower than the $800 we cited recently based on other reports.
SVB Capital is a so-called “fund of funds” because it spreads money across different venture firms, which in turn invest the money into start-ups… Continue Reading