CoVenture, a NYC-based early stage venture capital firm, held the first close of its fourth fund, at $8m.
According to a regulatory form filed with the SEC, CoVenture IV, LLC, has a final target of $20m.
The doc lists managing partner Ali Hamed as person related to the offering.
CoVenture invests in and builds software for pre-seed tech-enabled startups. We partner with founders who have strong domain expertise and are solving important problems with which they are intimately familiar.
The firm’s team consists of 50+ developers and designers with broad web and mobile capabilities.
Key people also include Michael Beller, Jamil Goheer, and Thatcher Bell.