Thursday, June 19, 2014

Greycroft's New $200M Fund May Be Boon To Los Angeles

A new, $200M growth fund from Greycroft Partners may be a boon to the Los Angeles market--the source of a big chunk of the investment company's venture capital investments. Greycroft Partners said today that it has closed on a $200M, first growth fund, to specifically invest in later stage investments in portfolio companies. The company said the new funds specifically are targeted at follow on investments in its portfolio companies, and also in companies it was familiar with but had not participated in earlier rounds. Greycroft has been particularly active in the Los Angeles market, having invested in such successful companies here as Maker Studios.