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Venture

Another Day, Another Two Nine-Figure Venture Funds Announced

Today a pair of freshly-announced venture capital funds have been announced. It’s a continuation of a trend that ºÚÁÏ³Ô¹Ï News has analyzed and commented on. Namely: there seem to be more funds, and bigger funds, announced these days.

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According to a pair of regulatory filings posted by the U.S. Securities and Exchange Commission (SEC), the world of early-stage venture investment has two new funds, each focused on particular niches.

Sky9 Capital’s Third Fund

The largest announced today (so far!) is a for , a Chinese venture fund founded by former managing director . The firm invests in early-stage technology companies but appears to be sector-agnostic in its strategy.

To that end, Sky9 Capital’s portfolio companies include (among others):

  • Power bank rental company .
  • Stickers-driven photo sharing app .
  • Vertically-integrated cryptocurrency firm .
  • , a bitcoin wallet service.
  • , which recently acquired Tencent-backed bike-sharing service Mobike. ºÚÁÏ³Ô¹Ï News covered that M&A deal as it happened.

Apart from the regulatory filing, there’s been no other information released in English-written press about the new fund and whether it will bring a strategic shift for the firm. Sky9 Capital’s third fund is fully-raised.

Caerus Ventures’s Second Fund

That being said, the second fund being raised by —an early-stage venture firm based in West Palm Beach, Florida—does bring a slight course adjustment. , the firm hasn’t yet secured any of the $100 million it intends to raise from limited partners, which will have to invest a minimum of $500,000 in the fund to join in.

This would be Caerus Ventures’s second fund and would exclusively invest in “hardware technology and the software that powers it,” according to . This is a departure from the strategy taken with its first fund, which “took a generalist approach to early stage venture capital investing.â€

The mix of companies in the firm’s portfolio is rather eclectic:

  • , a craft distiller.
  • , maker of digital identity verification systems.
  • , a customer relationship management platform for the hotel industry, which was by a competitor, , in January 2017.

Caerus Ventures Fund II would also be a significant step up in terms of AUM. According to ºÚÁÏ³Ô¹Ï data, was $20 million and was announced in August 2013.

More Bigger Funds

On the one hand, one could say that two sizable early-stage funds being announced on the same day is just a coincidence. And, to be absolutely clear, it is.

But days like this seem to be growing more common as capital continues to flow into new venture capital funds around the world.

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