Emergence To Raise $200M VC Fund

Emergence Capital Partners is seeking to raise a $200 million venture capital fund.

Emergence Capital Partners is seeking to raise a $200 million venture capital fund, Private Equity Hub reports. The fund is known as the Emergence Capital Partners III, adds Venture Beat.

Emergence raised its first $125 million fund in 2004 with backing from investors, including CalPERS, Fairview Capital Partners and the University of Michigan. The venture capital firm has also backed YouSendIt from its second fund.

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