Sierra Ventures to raise $150 mln 11th fund

Sierra Ventures has set out to raise a $150 million 11th fund, according to an SEC filing.

The fund, Sierra Venrtures XI, will be managed by Managing Directors Tim Guleri, Yunbei Yu and Mark Fernandes, according to the filing. The firm’s 2012 10th fund was $145 million, according to Thomson Reuters.

The new filing is available here.