Venture Capitalism

Two New Tech Funds Prepare to Launch In New York and One of Them Is Massive

Mr. Sheynkman

Two new funds have emerged with plenty of rations to get you through the coming startup winter, and they’re both led by some familiar names. Fortune.com’s Dan Primack reports that a new firm called Tribeca Venture Partners, targeting local seed stage and early stage startups, might close its first $100 million fund as soon as today.

Meanwhile Betabeat has been hearing some buzz around RTP Ventures, whose whopping $750 $700 million fund “focusing on technology, internet, SaaS, and cloud computing” will be headquartered in New York, but invest around the world.

In both cases, the funds’ leaders come with a notable pedigree. Read More