DAG Ventures To Raise $500M Fund

Palo Alto-based venture capital firm DAG Ventures is seeking to raise about $500 million for its new fund.

Palo Alto-based venture capital firm DAG Ventures is seeking to raise about $500 million for its new fund, AltAssets reports. The fifth venture capital vehicle will be known as the DAG Ventures V.

The firm did not raise any money for the vehicle at the time of the filing. New York-based Mercury Capital Advisors was appointed as placement agent for the vehicle, adds Private Equity Hub.

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