Lo Toney raises $35.1 mln for his Plexo Capital I

Lo Toney has raised $35.1 million for his venture-capital fund, Plexo Capital I, according to a filing with the SEC.

The fund attracted capital from 18 investors and has a target of $50 million. Toney is an advisor at GV and was formerly an investing partner there. The fund hopes to back racially and gender diverse seed managers.

The filing is available here.