Engeström, Fake form Yes VC and target fund up to $50 mln

Jyri Engeström and Caterina Fake have come together to form Yes VC and raise a seed and pre-seed fund of up to $50 million.

In a blog post, the pair said it already has some LPs and is seeking more. The fund will invest in about 20 to 30 companies over several years and roll in previous investments in Orchid, Spell and Gaze.

Engestrom was previously an entrepreneur in residence at True Ventures and Fake, a founding partner at Founder Collective.

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