ARCH raising $250 mln for new venture fund

ARCH Venture Partners is raising an eighth venture fund with a smaller target of $250 million, according to a filing with the Securities and Exchange Commission. The filing for ARCH Venture Fund VIII lists six managing directors: Keith Crandell, Robert Nelsen, Clinton Bybee, Mark McDonnell, Kristina Burow and Paul Thurk. Managing Director Steven Gillis is not listed.

The fund has not had a first close.

ARCH last raised its $400 million seed fund, ARCH Venture Fund VII, in 2007, according to Thomson Reuters (peHUB publisher).

The filing can be found here.