Tectonic Venture Capital Seeks $75M for Third VC Fund

Tectonic Ventures is aiming to raise $75M for its third venture capital fund, according to a filing with the SEC.

The sale of Tectonic Ventures Parallel III is yet to start and is not planned to last more than a year. The Newton, MA-based venture capital firm’s predecessor Tectonic Ventures II closed in 2020 with total commitments of $87.1M, including $4M from Tectonic, from 153 investors.

Tectonic Venture Capital targets North American early-stage companies in the software, artificial intelligence, and robotics sectors.

Written By: Dakota

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