Fitz Gate Ventures closed second flagship venture capital fund, at $25M.
Fund II will invest primarily in startups from the Princeton University ecosystem.
The vehicle will typically write initial checks of $500k reserving additional capital for future rounds.
Fitz Gate will lead, co-invest with other VC funds or invest alone. In addition to investing capital, the firm seeks to add value by working closely with its portfolio company founders and connecting them with customers, later stage investors and industry experts.
Founded in July 2015 by Jim Cohen and Mark Poag, Fitz Gate Ventures invests a majority of its capital in startups from the Princeton University ecosystem, with a minority of its capital available to be invested more broadly. The firm has 15 current portfolio company investments (and one exit).