Data Collective seeks to raise $280 mln for two new funds

Venture capital firm Data Collective, which invests in big data companies, has set out to raise its fourth early-stage fund and its second opportunity fund to back growth-stage companies. Data Collective IV LP and DCVC Opportunity Fund II LP are sized at $155 million and $125 million, respectively. The firm has not yet raised any capital for the funds, according to the filings.

Fund III closed at nearly $140 million in 2014 and Data Collective’s first opportunity fund raised $125 million, according to the Wall Street Journal.