Palo Alto and San Francisco, CA-based Big Data and IT infrastructure-focused seed and early stage venture firm Data Collective raised an additional $35m for its latest fund, closing it at $212m.
In May 2016, the firm had announced the close of Data Collective IV, L.P., at $177m from 40 investors. According to a further form filed with the SEC on Dec. 29, 2016, Data Collective IV, L.P. additional 8 backers participated in the offering.
Led by co-managing partners Matthew Ocko and Zachary Bogue, Data Collective is a venture capital firm that invests in entrepreneurs applying deep compute, big data and IT infrastructure technologies to transform large industries, focusing on Seed and Series A companies, and growth stage opportunities within its own portfolio.
The firm’s team also includes Michael Driscoll and James Hardiman.