A TTV Capital sponsored venture capital fund has raised $25.55 million in venture capital funding, Citybizlist Real Estate reports. The TTV Fund III is targeting to raise around $100 million in total.

The fund received funding from 26 investors. The firm’s two co-founders are Gardiner Garrard and Thomas Smith. Garrard is a co-founder and managing partner of TTV Capital, while Smith has formerly worked at IBM.

Click here for the story from Citybizlist Real Estate.