Santa Monica, CA-based venture capital firm Mucker Capital closed its $45m third fund.
Led by co-founders & managing partners Erik Rannala and William Hsu, Mucker Capital invests in seed and pre-seed stage companies building defensible and scalable businesses in Internet software, services and media.
In order to support portfolio companies, the firm also leverages a network consisting of of more than 200 entrepreneurs, executives, and investors from Southern California and Silicon Valley, who, in addition to spending time one-on-one with founders, also hold office hours, roundtable discussions, and sessions at the Mucker’s office in Santa Monica.
With the first two funds, Mucker has invested in nearly 40 companies including Ascend, Blayze, BloomNation, Buttor, Chromatic, Konect, Mashape, Naritiv, Panjo, Penango, Retention Science, Tapatalk, Taskrabbit, Vadio, Vidme, Younity, etc.
In a blog post announcing the close, Hsu explained that the fund targets startups with solid metrics and growth, focused on customers, and keep burn rates low.