Arch Venture Partners, a Chicago, IL-based technology venture capital firm, is to raise two new funds.
According to different forms raised files with the SEC, the funds include:
– ARCH Venture Fund IX, L.P., which aims to raise $550m and has already raised $408.3m from 19 investors, and
– ARCH Venture Fund IX Overage, L.P., which aims to raise $450m.
Led by managing directors Clinton Bybee, Keith Crandell, Robert Nelsen, Steven Lazarus, Steve Gillis, Kristina Burow, Paul Thurk, and Mark McDonnell, Arch Venture Partners invests in seed and early stage life sciences, physical sciences, and information technology companies having the potential to grow into successful businesses.
The firm currently manages $2 billion in committed capital primarily through eight funds and has invested in the earliest venture capital rounds for more than 180 companies. Limited partners include major corporations, pension funds, university endowments, financial institutions, and private investors.