F50 and Garage Technology Ventures Team up to Form Venture Capital Fund

f50F50 and Garage Technology Ventures have teamed up to form a new venture fund.

The new fund, called F50 Garage Venture Fund II, LP, follows on an earlier $10m seed fund launched by F50 in 2014 and the work of Garage Technology Ventures, known for its early investments in many technology companies, such as Pandora Media, Tripwire, LeftHand Networks, WhiteHat Security, D.light Design and Simply Hired.

With a target size of $100m, the fund will invest in up to 100 seed and early-stage companies over the next three years, focusing on the IT and software sectors, broadly defined, with opportunistic investments in extraordinary companies in robotics, medical devices, materials science and other sectors.

The F50 Garage Venture Fund will include David Cao, Bill Reichert and Tel Liu as managing directors.

FinSMEs

13/08/2015

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