Hunt Ventures raises $140M fund for early-stage Texas tech

Hunt Ventures, a Dallas and Austin, Tex.-based venture firm, has raised $140 million, in part from an unnamed institutional investor, for itsfirst official fund.

Hunt is a member of the group of companies owned by oil tycoon Ray Hunt, and previously drew all its funds from that source.

The firm, which says it is an early-stage tech investor, has made a number of previous investments. Operating primarily in communications, semiconductors and software, its portfolio companies include Airspan, Integral Wave and Zumobi, which Microsoft said earlier this year it would bundle with Windows Mobile.

According to VentureBeat records, Hunt has also branched out, making an investment into a biotech company called Peptimmune.