Illuminate Ventures, an Oakland, California-based micro venture capital firm, is raising $30m for its latest fund.
According to a document filed with the S.E.C., the vehicle is called Illuminate Ventures II, L.P.
Led by Cindy Padnos, Founder & Managing Partner, and Rebecca Norlander, Venture Partner, Illuminate Ventures backs startups in B2B/Enterprise cloud and mobile computing space. The firm focuses on SaaS applications, solutions that leverage Big Data and/or mobility for improved business results and consumer technologies that are being applied to the enterprise.
Illuminate invests in $1 to 4m financings in North-American startups.