Bill Maris’ Section 32 to raise $250 mln second venture fund


Bill Maris’ Section 32 has set out to raise a second venture fund only seven months after raising the first, according to a filing with the SEC.

Section 32 filed to raise $250 million for Section 32 Fund 2, the filing shows. The firm raised a $151.3 million fund in May. The fund received capital from 32 LPs.

Maris, the former CEO of Google Ventures, left GV in 2016. In August 2017 he said that his first fund was almost fully invested with deals in healthcare, cryptocurrency and elsewhere, according to Xconomy.

No first close was reported on the new fund.

 

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