Mucker Capital Raises $45M Fund, Mucker III

Los Angeles-based Mucker Capital said this week that it has closed on a new, $45M fund, Mucker III. The fund, run by Erik Rannala and William Hsu, did not detail the limited partners in the new fund. Mucker Capital started fundraising for that new fund in May of last year. William Hsu, in a blog post likened the new fund to the firm's "Series A", as the first two funds from Mucker were much smaller. Mucker Capital got its start as MuckerLab, a startup accelerator, but has shifted more towards early stage investments, although it continues its accelerator efforts.