Internet technology veterans Josh Felser and Dave Samuel have raised $27 million in a new fund closed from limited partners, among them Cendana Capital and Hall Capital. The duo also formally introduced Freestyle Capital, a new venture capital firm they have floated, at a networking event. San Francisco–based Freestyle will focus on providing early-stage startups with both funding and counsel.

The early-stage investor firm intends to use the new fund to continue their investment trends, investing anywhere from $100,000 to $500,000 in young startups. Until now, Freestyle has invested in more than 27 companies, including GoInstant, Byliner and CrowdFlower.

Click here for the release from PR Web.