Array Ventures seeks $35 mln for second fund


San Francisco-based Array Ventures is seeking to raise $35 million for its sophomore fund, according to a regulatory filing. The fund is more than three times the size of its first fund, which raised about $10 million two years. Array is led by Managing Partner Shruti Gandhi, who previously was an investor with True Ventures and Samsung.

Array focuses on early-stage enterprise, and portfolio companies include ART19, Lendd, Mobilize, and Zendar, among others. Exits include Hivy, which provides automation for office managers and was acquired by Managed by Q last year for an undisclosed price.

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