Defy Partners to raise $125 mln maiden venture fund


Defy Partners has set out to raise a $125 million maiden venture fund, according to a filing with the SEC.

The firm is run by Trae Vassallo, formerly of Kleiner Perkins Caufield & Byers, and Neil Sequeira, a managing director at General Catalyst Partners. No first close was reported.

The filing can be found here.

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