Early stage investment firm BlueRun Ventures is raising a $150m fund, the Wall Street Journal has reported.
The firm, which has offices in Menlo Park, Beijing, Shanghai and Seoul, will look to close the fund in the first quarter of 2014.
Its portfolio includes companies such as Waze and Topsy Labs and it focuses mainly on mobile startups.
The firm said, “Mobile is today’s pervasive computing platform and will only continue to grow, overtaking desktops and traditional software.
“At BlueRun, we think of the mobile ecosystem as more than just devices.
“Mobile embodies software and services, platforms and applications, infrastructure and brands. It is the first and most often used computing interface for consumers and therefore integral to their lives.
“The opportunities we see in the ecosystem are just beginning to unfold and we look for passionate entrepreneurs who will make those opportunities a reality.”
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