Tuesday, March 31, 2015
Correlation Ventures Seeks New, $170M Fund
San Diego-based venture capital investor Correlation Ventures is looking to raise a second fund, Correlation Ventures II, worth $170M, according to a regulatory filing by the firm today. According to the filing, the venture firm has yet to ink any limited partner commitments on the new fund. Correlation Ventures last raised a fund back in 2011, and says it currently has $165M under management. Correlation's portfolio includes InstaEDU (Acquired by Chegg), Sidecar, Madefire, Virsto (Acquired by VMware); and many others. The firm is led by David Coats and Trevor Kienzle.