Origin Ventures said it has raised an $80 million fourth fund, double the size of its previous fund.
The fund exceeded its $75 million target.
The Series A investor with a focus on software, market places and content startups said it did not plan to change its strategy.
“While we’ve doubled the size from our last fund, we are not doubling the number of deals,” the firm said in a blog post. “As the size of series A rounds has increased steadily, this was a necessary step to (a) continue to take leadership roles in transactions, and (b) to avoid capacity constraints and (c) avoid ‘stage creep.’”
The firm has already done five deals from the new fund: Tock, Tovala, Avant, AppDetex and Kidizen.
As part of the new fund, the firm’s four partners contributed “a significant percentage of the committed capital– in the double digits– and we invest on the same terms as our LPs,” according to the blog post.DON'T MISS IT! Now in its 10th year, PartnerConnect Midwest is bringing you 300 attendees, over 400 private ExecConnect meetings between LPs and GPs, and three insightful tracks including Buyouts Funds, Buyouts Deals and Co-Investments. REGISTER TODAY!