Level Equity Partners has raised $120 million for its first fund, AltAssets reports. The U.S. venture capital firm raised the capital for its Level Equity Growth Partners I fund, which was incorporated in 2009.

The co-CEOs of Level Equity are Benjamin Levin and George McCulloch, both were formerly with Insight Venture Partners. The new vehicle aims to invest in high-growth technology, media and services companies with developing innovative products to serve large markets.

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