Spectrum Equity launches $800m fund

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dollars roll_sqPrivate equity firm Spectrum Equity is reportedly looking to raise $800m for a new fund.

Spectrum Investors VII could raise as much as $1bn, said Dow Jones, citing several prospective investors.

Spectrum is invested in delivery service GrubHub, which recently raised $192m via an IPO that valued the business at $2.67bn.

GrubHub’s private equity backers also include Warburg Pincus, Benchmark Capital, Thomas H Lee Partners and CCMP.

Earlier this year Spectrum led a $49m financing round for video advertising management business Extreme Reach.

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