Ex-NEA partner Jon Sakoda to raise $500 mln Catalyst Lab fund

Former New Enterprise Associates General Partner Jon Sakoda has filed to raise a $500 million venture-capital fund under the name Catalyst Labs Fund I, according to a filing with the SEC.

Sakoda in a May blog post said he would be leaving NEA after 12 years. He is no longer listed on the NEA site.

A first close was not reported.

News reports suggest Sakoda will be working closely with Cisco Systems to make early-stage investments.

The filing can be found here.