Artiman Ventures back on fundraising trail


dollar 20_sqVenture capital firm Artiman Ventures is back on the fundraising trail.

The Palo Alto-based firm has launched a new fund, Artiman Ventures 2014, according to a document filed with US securities regulators.

Artiman did not specify how much it was seeking for the new fund and the filing showed that it has not registered any commitments.

Last November it was reported that Artiman was planning to raise its biggest fund since its inception in 2000.

Artiman partner Yatin Mundkur told Dow Jones that the size of the firm’s fifth fund could exceed the $175m it gathered in 2007 and $200m vehicle it raised in 2010.

The firm makes seed investments of $100k right up to $2m to $4m Series A deals and is usually the first institutional investor in its portfolio companies.

It invests in companies that have no competitors, providing no more than $10m to a single business over its ownership.

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