San Francisco VC SV Angel Raises $330M for Sophomore Growth Fund

SV Angel raised $330M for SV Angel Growth II, the follow-up to its 2022-vintage debut growth fund.

The sophomore fund secured commitments from 94 investors since it started selling pooled investment fund interests on January 9, according to a January 22 filing with the SEC. The fund's predecessor, SV Angel Growth I, raised $269.4M.

SV Angel, which has previously worked with Google, X (formerly Twitter), Meta, Airbnb, Coinbase, Stripe, and Pinterest, is a venture capital firm based in San Francisco. Noted angel investor Ron Conway is the founder and a managing partner at the firm. Conway has recorded investments in World Labs, Kumo.AI and Tomorrow Farms, among other opportunities.

Through its growth funds, SV Angel invests in series B and later fundraisings. Its growth strategy has exposure in companies including Airbyte, BetterUp, Databricks, Skild AI and Zip.