The Cisco-backed enterprise-focused venture fund revealed in May has revealed a name, Catalyst Labs Fund I, and a $500m target for its close.
Catalyst Labs Fund I, a US-based venture capital fund in which networking equipment producer Cisco is lead investor, has filed to raise $500m, CNBC has reported, citing a securities filing.
The fund is being set up by Cisco but will operate independently from the corporate, Bloomberg reported in May this year, adding that it will concentrate on seed and early-stage investments in enterprise software developers.
The Wall Street Journal reported the same month that it will be headed by…
