Ready for a quick year-end update on Google Ventures? As you know, Google last month increased the annual cash it hands to its venture arm to $300 million from $200 million. Here is a breakdown of its investments by sector.
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Lerer Ventures said it has raised a $36 million third fund to continue making seed investments in New York and Silicon Valley. The new fund is a noticeable step up from the firm’s $25 million second fund from 2011 and will enable Lerer to take larger positions in portfolio companies.