Oregon-based venture capital firm Seven Peaks Ventures has raised up to $21m for its sophomore fund.
Seven Peaks Ventures Fund II is looking to raise at least $30m, a new US SEC filing reveals. However, the document does not make it clear whether this is a target or hardcap.
The fundraise has a minimum contribution size of $100,000 and has registered contributions from 79 investors. The vehicle comes five years after its maiden fund reportedly pulled in $7.4m according to media reports.
Seven Peaks looks to back companies based in the pacific northwest area, and are looking to raise their Series A round. Its areas of focus include real-time enterprise, AI and machine learning, digital health, security, identification, AR and VR, and workflow automation.
Seven Peak’s portfolio includes ID verification solution Trusona, which claims to be the only passwordless multi-factor identity-proofing solution that authenticates digital identities beyond a doubt.
The firm also backed Zapinfo, an information automation and productivity platform which aims to make capturing, enriching, and sharing data across web applications easy, smart, and fast, eliminating manual data entry.
Other companies in Seven Peaks portfolio include digital rent service Cozy, AI-based revenue generation platform metricstory, and SlamData, which lets analysts natively discover, refine, and report NoSQL data with no ETL and no coding.
Earlier this year, RegTech Analyst reported that US and China-focused early stage investment firm GGV Capital was looking to raise more than $1.8bn through a string of fund vehicles.
California-based seed to growth stage investor Amino Capital is also looking to raise up to $20m for its third fund, while Benhamou Global Ventures closed its opportunity fund at over $40m.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
