Digital tech specialist Science Ventures seeks up to $100m for biggest fund to date

Digital tech investor Science Ventures is looking to raise its biggest fund to date after launching its third flagship raise.

The firm is eyeing up to $100m of capital for Science Ventures Fund III according to a filing it submitted to the US securities regulator.

Hitting that total would put Fund III comfortably ahead of the $75m second fund Science closed last year. That vehicle was initially looking to collect $60m, an earlier filing showed.

Science was co-founded by LA angel investor Michael Jones, who acts as CEO, Greg Gilman, Tom Dare and Peter Pham.

The firm specialises in acquiring, developing and funding digital technology companies.

In addition to its venture capital vehicles the firm manages a $12m blockchain fund, a pair of incubator vehicles totalling about $50m and a growth partnerships unit.

The firm’s portfolio already includes startups across the mobile media, marketplace, IoT, media, gaming, FinTech, edtech, data services and e commerce sectors.

FinTech businesses in its portfolio include blockchain-powered real estate fundraising and investing platform RealBlocks, personal money management provider WealthFront and car buying and leasing mobile app CarBlip.

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