Spur, a fund of funds, targets $200M to bet on early-stage VC in a downturn
By Editor - Tue Aug 02, 4:39 pm
Spur Capital Partners , an investor in venture capital funds, is out to raise $200 million for its seventh core fund. S o far, it has secured nearly $74 million to bet on early-stage VCs, per a securities filing . Who or what is Spur betting on, exactly? Over the years, the investor claims it has indirectly backed dozens of high-flying tech and life science firms at the early stage, including hostelier Airbnb and weapons maker Anduril . But Spur did not respond when asked for the names of the VC firms in its portfolio. Spur has been raising cash for the fund for more than a year, and it is already investing out of it, the Bartlesville, Oklahoma-based firm told TechCrunch. So far, at least 40 unnamed investors have chipped in on the seventh fund, according to the filing.
Read the original here: