Resolute Ventures is back with its second fundraise in 19 months through the launch of a new vehicle eyeing up to $75m.
Portfolio businesses backed by Resolute to date include microfinance company Asaak, investment club business Flipside Crypto and financial data search provider Eido Search.
The seed and ‘pre-seed’ investment house was co-founded by former Polaris Venture Partners general partner Michael Hirshland in 2011.
Since then it has raised $45m for its debut fund in 2012, $40m for Fund II in 2014, and $65m for a third flagship fund last year.
Backers of its last fund included Foundry Next, The Hillman Company, Medley Partners, Morgan Stanley, Top Tier Capital, and Vintage Investment Partners.
No capital has been registered for Fund IV to date according to a filing Resolute lodged with the US SEC.
Typical Resolute investments are in the neighborhood of $500,000, although it says it will write smaller cheques for very early ‘pre-seed’ opportunities with founders and visions it finds especially compelling.
Resolute portfolio businesses saw a strong fundraising summer, with Opendoor raising $325m to push its valuation above $2bn, and Greenhouse raised a $50m Series D from Riverwood Capital.
Last month, the firm participated in the $35m Series B funding round of AppZen, which is an AI solution provider for back office automation. AppZen uses artificial intelligence (AI) to automate the auditing process of a company’s overall spend.
Another RegTech deal from the firm this year, was a contribution the the $100m Series D round of fraud protection provider Signifyd.
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