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.FUNDRAISERS: Don't miss PartnerConnect East 2018 on March 19-21 in Boston, with more than 150 speakers, 200 LPs and 300 fund managers, bankers and lenders. CLICK FOR DETAILS!