Sherpa Capital raises $470 mln for two funds

Sherpa Capital has raised $470 million for two new funds, according to a news report in TechCrunch.

The new funds are Sherpa Ventures II, an early stage fund of about $172 million, and Sherpa Everest, which will have about $298 million for expansion stage companies, the report said. The firm’s managing directors are Shervin Pishevar and Scott Stanford.