Seed-focused 1984 Ventures raises more than $42 mln for first fund


San Francisco-based 1984 Ventures has raised more than $42.27 million from 50 investors, according to a regulatory filing. The firm says it is now targeting $50 million for the inaugural fund. 1984 Ventures, named as an homage to the year Apple introduced the Macintosh computer and advertised it with a futuristic Super Bowl commercial, invests in early seed businesses using software to solve real-world problems. The firm is led by the entrepreneur and investor Ramy Adeeb, a onetime principal at Khosla Ventures.

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