Y Combinator Closes $8.25M Fund

Y Combinator, a Mountain View, CA-based venture capital firm specializing in seed funding software and web-services start ups, has closed a new fund of $8.25m.
The round was led by existing investor Sequoia Capital, with participation from a number of prominent angels, including Ron Conway, Paul Buchheit, Aydin Senkut, XG Ventures, and Geoff Ralston
As stated in the blog of the firm, the new fund is more than four times larger than the preceding one. It is meant to last for several years and invest in more start ups.
Y Combinator usually makes small investments (rarely more than $20,000) in return for small stakes in the companies it funds (2-10%).

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