Hunt Ventures has closed its first institutional fund with $140 million in capital commitments. The Dallas-based firm was founded in 1998, to invest on behalf of Hunt Consolidated Inc. and HCI founder Ray Hunt. It will use some of the new capital to support existing portfolio companies, and the rest to make new investments.
Hunt Ventures today announced the formation of Hunt Ventures Fund I, L.P., which includes a significant capital commitment from an unaffiliated institutional investor.
Total partnership size is $140 million, of which a portion relates to existing Hunt Ventures portfolio companies with the remainder available for new and follow-on investments. “We are pleased that our strategy of investing in early-stage information technology companies has been validated by a sophisticated institutional investor. This commitment enhances our capital base and increases the pace at which we can build out our business model,” said Steve Coffey, Managing Director.
Hunt Ventures focuses on early-stage wireless, digital media, software and services companies. Hunt Ventures is an affiliate of Hunt Consolidated, Inc., which is a part of the Hunt family of companies directed by Ray L. Hunt.