News Briefs

Riot Ventures raises nearly $62m toward second fund

The deeptech investor is looking to raise $75m for Fund II, according to a reg filing.

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Riot Ventures, a deeptech investor with offices in Los Angeles and Boston, has raised more than $61.8 million toward a $75 million second fund, according to a regulatory filing. The filing indicates the firm raised the commitments from 32 LPs.

Steve Marcus and Will Coffield co-founded the firm in 2017. The firm invests primarily at the seed- and early-stage.