Venture Capital Firm 137 Ventures Closes Third Fund, at $200M; Adds Elizabeth Weil

137_venturesSan Francisco, CA-based venture capital firm 137 Ventures has reportedly closed its third fund, 137 Ventures III, LP, at $200m.

Founded in 2010 by Justin Fishner-Wolfson, S. Alexander Jacobson and Kathy H. Chan, the firm focuses on backing fast growing, late-stage technology companies in a broad range of areas including space exploration, digital health, fintech, enterprise SaaS and big data, offering alternative forms of liquidity including loans against private company stock.

137 Ventures’ team also include Managing Partners Andy Laszlo, Alda Leu Dennis and newly added Elizabeth Weil (who joined from Andreessen Horowitz) and CFO Andrew Hansen.

The firm, which now has more than $450m under management, has invested in iconic companis such as Palantir, Apptio, Jumio, SpaceX, Spotify, Eventbrite SolarCity, 2U and Tumblr.



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