Californian seed-staged venture capital firm Streamline Ventures is looking to raise $75m for its third fund, FinTech Global can reveal.
Streamlined Ventures III has yet to register any capital to the fund, according to the latest US Securities and Exchange Commission filing. It is not clear whether the $75m figure is a hardcap or just a target.
This fund comes just two years after the firm raised its sophomore venture fund. The final close of the former fund was not made clear, but an SEC filing indicated it was seeking to raise $40m.
The firm backs seed-staged companies building innovative technology companies. It’s industries of focus include FinTech, InsurTech, healthcare, Big data/AI, e-commerce, blockchain, VR/AR, and infrastructure.
Earlier in the year, Streamlined Ventures supported the $16m Series A round of blockchain-powered supply chain platform Chronicled. The company offers tools to automate supply chains and streamline business processes while maintaining trust and privacy.
Other FinTechs in its portfolio include two-factor authentication platform Authy, business payments platform Paystand, regulatory change management service compliance.ai, and MGA for flood insurance reThought.
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