News Briefs

Eniac raises select fund

The seed-stage investor collects $65m for its first select fund.

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Seed-stage investor Eniac Ventures, which earlier this year raised $125 million for its fifth main fund, has raised $60 million for its first select fund, according to a regulatory filing. Presumably, the firm will invest the select fund in its most promising portfolio companies as they mature.

The filing indicated the fund raised the commitments from 65 LPs.