US-based venture capital firm Data Collective is back in the fundraising market after registering its intention to raise $575m for its fifth flagship fund.
The firm is yet to register any capital commitments for the DCVC V, as shown in regulatory documents submitted to the SEC.
It is unclear whether the amount listed in the filing is target or hard cap. The firm raised $212m for its fourth fund back in 2016.
Data Collective was in the market for its $125m Fund III in the spring of 2014. The firm pulled in about $70m for its second institutional vehicle in 2012, having aimed to raise no more than $100m.
The firm typically invest in big data, artificial intelligence and IT infrastructure sectors. Data Collective has previously backed companies such as LendUp, illumio, Element AI and Pivot Bio.
In April last year Data Collective began raising a dedicated biotech fund, targeting $250m.
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