(Reuters) – Michael Arrington, founder of TechCrunch and one of the highest-profile U.S. technology bloggers, has created a $20 million venture capital fund to invest in promising startups, Arrington told Reuters.
Fortune magazine’s Term Sheet blog was the first to report the news.
The fund, called CrunchFund, raised an inaugural $20 million fund in September, according to TechCrunch’s CrunchBase. “Investors in CrunchFund include AOL, Accel Partners, Austin Ventures, Kleiner Perkins Caufield & Byers, Greylock Partners, Redpoint Ventures, Sequoia Capital, the founding partners of Andreessen Horowitz, each of the general partners of Benchmark Capital, Ron Conway, Yuri Milner & Kevin Rose,” CrunchBase reports.
Investor AOL bought TechCrunch in September 2010.
The move comes months after Arrington publicly announced that he had …