Embark Ventures, L.P., a Los Angeles, CA-based new venture capital firm, launches its first fund.
According to a regulatory form filed with the SEC, the firm is seeking to raise $50m. No funds have been raised yet.
The doc lists Yipeng Zhao and Peter Lee as people related to the offering.
According to LinkedIn, Peter Lee is Managing Partner at Baroda Ventures, a vc firm focused on early stage IT (internet, SaaS, digital media) while Yipeng Zhao is Managing Partner at ArcheMatrix Ventures, which invests in early-stage companies with high growth potential.