Monday, May 18, 2015
Mucker Capital Starts Fundraising On New Fund, Mucker III
Santa Monica-based Mucker Capital, the seed stage investment fund led by Erik Rannala and William Hsu, has just booted up fundraising efforts for the group's third venture capital fund, Mucker III, L.P. The fundraising effort was first disclosed in a regulatory filing by the firm. Mucker Capital has recently started targeting pre-seed and seed-stage investments in local companies, of between $1M and $3M, as it has more broadly looked to support the growth of the startup industry in Los Angeles. The filing indicates that Mucker Capital is looking to raised $50M in the new fund. Mucker Capital--via its startup incubator, Mucker Lab--has been one of several major sources of new startup companies in the region.