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BOLDstart Ventures secures $16.9m for second fund

12 Mar 2014

new york 7_sqNew York-based venture capital firm BOLDstart Ventures has beaten the target for its second fund.

BOLDstart Ventures II has secured commitments of $16.9m, according to a document filed with the US Securities and Exchange Commission.

The fund, which follows BOLDstart’s $1m debut vehicle, was reportedly targeting $15m.

BOLDstart makes initial seed investments of around $250,000 in enterprise software, mobile, software-as-a-service and cloud data services companies.

Similar-sized venture funds currently in the market include Louisiana Fund’s second vehicle, which is targeting $20m.

Earlier this monht AltAssets reported that Louisiana Fund II had received commitments of nearly $10m.

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