New Stack Ventures Closes Second Fund, at $42.6M

New Stack Ventures, a Chicago, IL-based early-stage venture firm dedicated to investing in Silicon Valley outsiders, closed its second fund, at $42.6m.

Led by Nick Moran, Founder and General Partner, New Stack Ventures makes angel, pre-seed, and seed stage investments into B2B SaaS startups transforming large legacy industries like finance, healthcare, cyber security, supply chain, construction, and real estate.

The single-partner fund makes angel, pre-seed, and seed stage investments–typically between $500K – $1.5M–into early-stage startups,

The firm has a current portfolio of 38 companies including Hologram, Cybrary, Fairmarkit, and Covie. New Stack also seeks deals outside of Los Angeles, New York City, and the San Francisco Bay Area.