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Fund of funds Sweetwood Ventures bets big on VC’s smallest funds  

By Editor - Fri Nov 18, 5:46 am

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Despite legacy venture capital firms continuing to raise bigger and bigger funds , LPs may have more luck focusing on the small stuff. Amit Kurz, a general partner at Israel-based fund of funds Sweetwood Ventures , thinks so. He told TechCrunch that last year he started to notice more and more tiny funds he wasn’t familiar with getting on the cap tables of competitive deals. While these “nano” funds wouldn’t fit the thesis for Sweetwood’s $70 million flagship fund, he thought it was worth figuring out a way to back them. “I got really intrigued as to how can we gain exposure to that space,” Kurz relayed to TechCrunch. “They really generate this access to the most oversubscribed rounds and they invest a small amount, which is a classic win-win situation. You aren’t competing with the main VCs, yet everyone wants you because you are bringing a ton of value.” So, Sweetwood decided to raise a fund dedicated to these investors. Now, the firm is announcing that it raised $20 million for a separate fund to cut checks of up to $2 million into funds that are $15 million in size or smaller, with a focus on funds based in Israel.

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Fund of funds Sweetwood Ventures bets big on VC’s smallest funds

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