Tribeca Venture Partners, a NYC-based early-stage venture capital firm, closed its newest fund, at $107m.
Tribeca Venture Partners II, which represents a sizable increase over its $65M first fund, has been supported by all of its institutional limited partners and new investors.
Led by managing partners Brian Hirsh and Chip Meakem, Tribeca is a NYC-focused early-stage venture firm having made 21 out of the 25 investments in TVP I in startups based in NYC with the others four having a NYC presence, anyways.
Backed companies include Appnexus, ShopKeep, CommonBond, BetterCloud and Maxwell Health, Cognical, Mighty, Backtrace, AiCure and PebblePost.
With the new fund, they will continue to invest up to $4m in the seed and Series A round of NYC-based consumer and enterprise businesses.