Y Combinator partners Garry Tan and Harj Taggar and Reddit co-founder Alexis Ohanian have raised $39m for a fund called Initialized Capital.
According to a filing with the S.E.C., 29 accredited investors have invested in the offering.
Given the experience of the partners, it is likely that the vehicle will invest in early-stage startups in the tech space.
The website is still in the making.
FinSMEs
02/08/2013