MHS Raising $40 Million

MHS Capital Partners, a San Francisco-based VC firm focused on Internet and software companies, is targeting $40 million for its inaugural venture capital fund, according to a regulatory filing. It already has around $26 million in capital commitments. The firm is run by Mark Sugarman, who most recently served as interim VP of business development and marketing with Nutrisystem. Before that, he was a managing director with MKA Capital Group.