SV Angel, the seed-stage VC firm founded by Ron Conway and ex-Googler David Lee, is raising a fifth, $70 million fund.
Revealed in a public SEC filing, no sale has taken place for the new fund, but its projected size is certainly noteworthy; the fifth fund is 75 percent larger than SV Angel’s last two funds, both $40 million in size — announced August 2012 and May 2011 respectively. SV Angel’s second fund, raised in 2010, was $20 million, and the size of its first fund, raised in 2008, is unknown.
VentureBeat has reached out to SV Angel for comment on the new fund.
SV Angel funds
Ron Conway says his role at SV Angel has diminished since he cofounded the firm in 2008. SV Angel’s portfolio includes startups like Snapchat, Secret, Instacart, and Pinterest.
Here’s today’s SEC filing, in full:
SV Angel is the micro VC firm located in Silicon Valley and founded by angel investors, Ron Conway and David Lee. SV Angel provides capital investments to early stage companies focused on the Internet, e-commerce, and information techn... read more »
Mr. Ronald Conway, Ron, serves as Advisor of TinyCo, Inc and Typekit, Inc. Mr. Conway is a General Partner at SV Angel. He founded the firm. Mr. Conway is the founding General Partner at Angel Investers, LP. He serves as Advisor of Asa... read more »
David Lee is a Founder and Managing Partner of SV Angel. Prior to SV Angel, David was at Baseline Ventures, a leading seed-stage venture firm. He was a founding member of Google's New Business Development team and led business develo... read more »
