e.ventures eyes $100m for first fund since 2012 rebranding


dollars100Early-stage investment firm e.ventures is reportedly targeting $100m for its first fund since rebranding from BV Capital in 2012.

The firm will base the new vehicle out of its San Francisco base according to VCJ.

BV Capital raised four generations of funds between its founding in 1998 and 2012, pulling in about $750m of LP capital.

The firm initially focused on the US and Europe, but has since expanded to make deals in markets including Russia, Asia and most recently South America.

e.ventures targets early-stage consumer internet and mobile startups, and has backed companies including Groupon, Sonos and Shopping.com.

Last October the firm exited its investment in one-day delivery service Shutl to eBay just 12 months after backing the UK-based business.

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