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Venture

Bling Capital Nearly Closes Out $90 Million For Seed & Early-Stage Funds, Filings Show

, a former GP at and prior exec at and , has closed out the fundraise for his eponymous seed-stage venture fund, .

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Bling Capital made a number of filings on Thursday afternoon.

  • , a $58.03 million venture capital fund that will serve as the firms primary investment vehicle. 160 investors contributed capital to the fund, according to the filing. The filing says the fund first closed investor capital in late September 2018.
  • , another investment vehicle targeting $30 million in capital commitments, of which $27.3 million has already been raised from 102 limited partners, according to the filing.
  • , a sidecar fund thats been fully raised with $1.97 million committed from 34 investors. Together with the primary fund, Bling Capital raised $60 million for seed investments.

Additionally, the firm filed paperwork for traditionally a low- or no-fee capital pool raised to invest in one particular transactionfor its investment in Neutron Holdings, the legal name of electric scooter and bike service . Bling Capital was a named participant in , announced last week.

According to from November 2018, a number of Silicon Valleys elite backed the fund, including , and , Yelp CEO and Quora CEO .

Bling plans to invest $750,000 to $1 million in one to two U.S. companies per month in exchange for 10 percent equity, according to TechCrunch. The opportunity fund is reserved for follow-on investments.

lists a number of big names in the firms portfolio, including Airtable, Lyft, Palantir, Square, Gusto, Udemy, and many others. According to on the firms website, he invested in those companies as an independent angel investor.

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