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FUNDRAISING NEWS | February 05, 2025
Tags: Venture Capital, Fundraising
FPV Ventures will soon begin raising capital for its second venture fund, according to a February 3 filing with the SEC.
The firm did not disclose the target amount for FPV Fund II but indicated that the investment vehicle will be on offer only for less than a year. The fund's predecessor, FPV Fund I, closed in June 2022, having secured $457M in capital commitments from 172 investors. The debut fund for the series opened for subscription in March 2022.
FPV Ventures manages capital on behalf of universities, hospitals, foundations, and research organizations with an objective of supporting mission-driven founders. Since its inception, it has invested in companies including Canva, Flexport, Guild Education, Xilis, and Manifold Bio.
Written By: Dakota
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