Upfront Ventures Raises New Fund Worth $280M

Los Angeles-based venture capital investment firm Upfront Ventures announced this morning that it has raised a fifth fund, worth $280M. According to the firm, the new fund will target early-stage technology investments, and will split half of the dollars in the fu between Los Angeles and the other half in investments nationally. The new fund is being managed by full time investment partners Greg Bettinelli, Steven Dietz, Kara Nortman, Yves Sisteron and Mark Suster, along with Venture Partner Hamet Watt. Upfront's most recent successful exits have included Maker Studios, TrueCar, Gravity, and Burstly.