OCA Ventures has set about raising its next venture capital fund, registering its intention to raise up to $125m from investors.
The firm has yet to register any capital commitments for OCA Ventures IV but expects to wrap up the fundraise within the next 12 months, as shown in an recent SEC filing. It is currently investing out of the vehicle, according to its website.
It has been almost five years since the firm set about raising up to $100m for Fund III, which had registered at least $47m of commitments according to the most recent filing from 2013. The firm has not publicly announced the final close amount for Fund III.
The Chicago-based firm focuses on early stage investment rounds for technology, financial services, education and healthcare technology companies in the United states.
It typically invests between $1m and $4m for its main deals and $50,000 to $200,000 for seed deals.
The firm was founded in 2001 by managing partner Jim Dugan and general partners John Dugan and Peter Ianello.
The firm’s portfolio investments include a number of RegTech solutions, including risk and compliance management service LogicGate. The company, which raised $7.5m in its Series A last year, supplies workflow automation software designed to automate and boost efficiency of manual risk and compliance programs through process templates such as risk management, controls testing and third-party risk assessments.
Other RegTech solutions in OCA’s portfolio include document sharing service Cartavi, secure data storage platform Cleversafe, and online data privacy solution Safe Shepherd.
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