Scout Ventures closes third fund

The Austin, Texas-based firm raises $55m.

Austin, Texas-based Scout Ventures, a frontier tech investor, announced it has raised $55 million for its third fund. Scout, an early backer of ID.me and UniteUs, said its third fund will continue to close the gap in funding to military veteran founders and drive additional non-dilutive capital through government grants.

The firm said that LPs include The New Mexico State Investment Council, Richard Parsons, Auctus Investment Group, David Kassling and Michael Loeb.

Source: Press release