Illuminate Ventures to Raise $30M for Second Fund

illuminateventuresIlluminate Ventures, an Oakland, California-based micro venture capital firm, is raising $30m for its latest fund.

According to a document filed with the S.E.C., the vehicle is called Illuminate Ventures II, L.P.

Led by Cindy Padnos, Founder & Managing Partner, and Rebecca Norlander, Venture Partner, Illuminate Ventures backs startups in B2B/Enterprise cloud and mobile computing space. The firm focuses on SaaS applications, solutions that leverage Big Data and/or mobility for improved business results and consumer technologies that are being applied to the enterprise.

Illuminate invests in $1 to 4m financings in North-American startups.



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