The venture firm is yet to disclose its new target for the oversubscribed fund, in which Flextronics is an LP, but has already begun investing.
US-based venture capital firm Formation 8 has surpassed the $100m target for the corporate-backed hardware fund it is raising and is aiming for a higher close, Dow Jones VentureWire reported yesterday.
Formation 8 has already secured supply chain services provider Flextronics as a limited partner for the fund, which follows two general funds raised by the firm since it was founded in 2011.
Lior Susan, who joined Formation 8 in January this year as a partner, is running the…