Ron Conway Raises $11.7M Of New $40M Fund

Super angel Ron Conway is back in the market seeking a new fund, according to a filing with the Securities and Exchange Commission.

Conway’s SV Angel, with a Palo Alto address and a Delaware incorporation, is seeking $40 million of new capital. So far, he has raised $11, 675,000 and has $28,325,000 to reel in from LPs.

The filing lists David Lee as manager of the new investment vehicle.

Conway’s prolific investment style has made him a force to be reckoned with in the rapidly evolving market for early stage Internet investing. Many criticize his “spray and pray” style of investing. But few can deny the influence he has had in recent years.

Conway last raised $22,805,000 in October of last year. See the filing here.