The Otto Group-backed venture firm has raised $60m for a fund it aims to increase to $175m before its final close.
E.Ventures, the US-based venture capital firm in which retail and online services group Otto Group is a major investor, has raised $60m for its latest fund, E.Ventures US V, according to a securities filing.
The firm aims to raise a total of $175m for the fund. The filing indicates the $60m was provided by a single investor, possibly Otto, though E.Ventures has not disclosed any information.
Founded in 1998, E.Ventures invests between $500,000 and $30m in each portfolio company. It…
