Source: Forbes
Summary
Copper Sky Capital, a venture capital firm founded by Ryan Selby, is raising a second fund worth $300 million, according to a regulatory filing. The firm’s investment focus is not specified in the filing.
Our Reading
The announcement sounds ambitious.
Copper Sky Capital is raising a $300 million second fund. The firm’s founder, Ryan Selby, is likely looking to expand the firm’s investment portfolio. Another large VC fund enters the market, because what the world really needed was more money chasing the same startups. Copper Sky Capital’s investment strategy remains unclear, but the firm is clearly confident in its abilities. Because a $300 million fund is just what you need to stand out in the VC crowd.
Author: Evan Null
