TLDR:
– Act One Ventures, a venture capital firm based in Los Angeles, has raised a third fund of $73 million, bringing its total assets under management to $148 million.
– The firm focuses on backing business software companies in the Seed stage, specifically those in vertical SaaS, fintech, compliance, and ecommerce infrastructure.
Los Angeles-based venture capital investor Act One Ventures has announced the completion of a $73m third funding round, taking its assets under management to $148m. Led by Alejandro Guerrero and Michael Silton, the company plans to use the financing to continue its backing of business software firms operating at the seed level which specialise in fintech, compliance, vertical SaaS and e-commerce infrastructure. Act One Ventures says it writes seed investment cheques for up to $2m and has led in four out of five recent deals. It also plans to reserve significant capital from the current fund for future follow-on investments.
