Opus hits the fundraising trail, looking for $250M
August 10th, 2009
Early-stage venture firm Opus Capital Ventures, is hoping to scrape together $250 million for its next fund (which has a hard cap of $350 million), reports VentureWire. Based in Menlo Park, the firm used to be called Weiss Peck & Greer Venture Partners. It raised four funds before changing its name to Opus. It’s last fund, totaling $280 million, was brought in in 2006.
Already, Opus has a commitment from Montana Board Investments to contribute $7.5 million to its sixth fund. In addition to fundraising, the firm is also actively investing in startups. Already this year, it sunk $10 million into a first round of financing for online gaming site SuperSecret, and $8 million into a first round for security software company AlertEnterprise.
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