While snooping through SEC filings today, we saw that IDG Ventures‘ San Francisco team has been out shaking down the moneybags of Silicon Valley and beyond.
The firm is about $65 million down, $35 million to go in a proposed $100 million fundraising spree. The fund is IDG Ventures III, and its first dollars were locked down on Feb. 6.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":943546,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"entrepreneur,","session":"B"}']IDG Ventures focuses on early-stage startups (so $100 million goes a long way; the typical investment for such companies is $1 million to $5 million per round) in media, enterprise IT, and consumer Internet.
Its portfolio includes such well-known entities as Indiegogo, Minted, and SimplyHired. Its managing directors include veterans Alexander Rosen, Pat Kenealy, and Phil Sanderson.
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IDG Ventures also has distinct investment funds in China, India, Korea, and Vietnam. Collectively, the partnership boasts “approximately $3.6 billion under management and a portfolio of over 220 companies built over the last 15 years.”
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