SAN FRANCISCO Jan 11 SV Angel, the prominent
early-stage investment firm, has raised a new $29.7 million
fund, according to a filing at the Securities and Exchange
SV Angel III-Growth follows on the heels of SV Angel III,
the firm's $20 million 2011 fund. Managing Partner David Lee did
not immediately reply to an email asking if the new growth fund
is to make additional investments in promising companies from
the 2011 fund.
Last year, SV Angel said in a filing that it was raising $40
million for a new fund, SV Angel IV.
The firm, founded by Silicon Valley investor Ron Conway, is
known for making early investments in companies such as lodging
service Airbnb, online retailer Fab.com, travel site Hipmunk,
payments service Square, microblogging service Twitter, gaming
company Zynga, and others.