Source: PE Hub
Summary
Vermilion Cliffs Ventures has closed its second fund, Fund II, with $25 million in commitments. The fund will focus on early-stage investments in software and technology companies. Vermilion Cliffs Ventures’ portfolio includes companies such as Boomtown and Cloud9. The firm’s investment strategy targets high-growth potential in the technology sector.
Our Reading
The launch follows a familiar script.
Vermilion Cliffs Ventures raises another fund to invest in software and tech companies. Because what the world really needed was another venture capital fund. The firm’s investment strategy is to target high-growth potential, because that’s not what every other VC firm is doing. Vermilion Cliffs Ventures has a portfolio that includes Boomtown and Cloud9, two companies that will surely disrupt their respective industries. Another fund closes, and the tech world holds its breath in anticipation of the next big thing.
Author: Evan Null
