TLDR:
- Veteran Ventures has raised half of its $50 million target for Fund II.
- LPs include Hersh Family Investments, the Virginia Innovation Partnership Corporation, and the State of Tennessee.
Veteran Ventures, a venture capital firm, has announced that it is halfway to its $50 million fundraising goal for its Fund II. The LPs for this fund include notable investors such as Ken Hersh of Hersh Family Investments, the Virginia Innovation Partnership Corporation, and the State of Tennessee.
This news comes amidst a growing interest in tech growth investing, as evidenced by the success of firms like Inovia and StepStone, who have surpassed their fundraising targets. Hakluyt, an advisory firm founded by former MI6 agents, has also seen success in fundraising for its debut fund, surpassing the $50 million mark.
Veteran Ventures’ progress towards its fundraising goal is a positive sign for the firm and reflects the continued interest in venture capital investments, particularly within the tech sector. With support from prominent LPs, the firm is well-positioned to achieve its fundraising target and continue to support innovative startups in the future.
