vSpring Opens Third Fund, Raises $700K
Salt Lake City-based venture capital firm vSpring Capital appears to have kickstarted efforts to raise its third fund, vSpring Partners III, L.P., according to a regulatory filing by the firm. According to the recent filing, the firm has now raised $700,000 from 4 investors for its new venture capital fund. No target size for the fund was given. vSpring is currently investing vSpring II, which was sized at $85 million. The filing indicates that Paul Ahlstrom, Ed Ekstrom, Dinesh Patel, and Scott Petty are managing the new fund, and are most likely the investors in the initial funding.
posted on Monday, November 23, 2009
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