Y Combinator to raise second and third venture funds

Y Combinator submitted financial documents for a second and third venture fund, according to filings with the SEC.

The filings do not list targets for YC II and YC III. News reports say the accelerator is raising up to $1 billion to back companies both from the accelerator and beyond.

Y Combinator closed a $700 million Y Combinator Continuity Fund in 2015.

An Axios report on the new fundraising is available here.

The filings can be found here and here.


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