Raising a first-time venture capital fund is no easy feat, especially at a time when the number of firms is shrinking and limited partners are growing skeptical of the asset class.
But Roger Ehrenberg managed to do just that, holding a $50 million final close for the debut fund of his New York-based firm, IA Ventures. That total doubles the original target after a strong response from investors, which include Cendana Capital, the Investment Fund for Foundations, Horsley Bridge Partners, and individuals from the financial-services industry and venture capitalists. Fortune earlier reported news of IA Ventures’ close.
IA Ventures is among the few firms that have raised first-time funds in the past couple of years. Check out our previous list here and here.
To read the full, original article click on this link: IA Ventures - One Of The Few, The Proud, The Newest VCs - Venture Capital Dispatch - WSJ
Author: Ty McMahan
