Ashton Kutcher’s VC firm Sound Ventures eyes up to $150m for new fundraise

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Hollywood actor Ashton Kutcher and talent manager Guy Oseary are out targeting up to $150m for a new fund through their venture capital firm Sound Ventures.

The LA-based firm, which the pair founded in 2015, looks to invest in early stage to growth stage technology companies within enterprise to consumer areas.

No capital has been raised for Sound Ventures II to date according to a filing the firm lodged with the US securities regulator.

Deals made by the firm so far this year include backing a $300m Series C round for electric scooter startup Bird and taking part in a $27m Series A for meditiation startup Calm alongside singer Harry Styles and Insight Venture Partners.

Last year Sound named Effie Epstein as managing partner and COO, making her responsible for everyday fund management including fund allocation and strategy, investments and portfolio company value-creation.

Prior to Sound she led global strategy at Marsh & McLennan’s financial services division.

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