Elsewhere Partners targeting $100 mln venture fund

Elsewhere Partners is raising a venture fund targeted at $100 million, according to a regulatory filing. The Austin, Texas, based firm launched in September 2017 and is led by Chris Pacitti and John Thornton, both veterans of Austin Ventures. The firm makes growth-stage investments in business software companies outside of traditional venture hubs, according to its website. The filing lists no investors.

At the time of its launch, the firm said it would typically make seven-figure investments in companies with at least a $4 million revenue run rate and growth of at least 40 percent, VCJ previously reported.

FUNDRAISERS: Don't miss Emerging Manager Connect West 2018 in San Francisco on May 1! CLICK FOR DETAILS!