Slow Ventures, a Californian VC firm founded by former Facebook execs, is out eyeing up to $235m for a pair of new funds.
The firm, which backs FinTech businesses among its portfolio investments, is seeking up to $175m for its fourth flagship fundraise according a US SEC filing.
A separate securities document shows it is also looking to collect up to $60m for its debut Opportunity Fund.
Slow was launched by former Facebook sales executive Kevin Colleran, its ex-director of product management Sam Lessin and Facebook Platform and Facebook Connect co-creator Dave Merin.
The firm says it believes great founders with great ideas need time to build great companies, hence its name.
It targets investments in early-stage tech companies, with notable successes including Nest, sold to Google for $3.2bn, financial services startup Robinhood and coffee roaster and retailer Blue Bottle Coffee.
Slow closed its third flagship fund on $145m almost exactly two years ago, to follow a $65m second fund it raised in April 2015.
Earlier in the year, the firm participated in the $8.5m funding round of Very Good Security. Very Good Security enables companies to collect, secure and exchange sensitive data without the risk or liability associated with storing it on their own systems.
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