New 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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