House Fund to remodel with $50m

Feb 26, 2018 •

The UC Berkeley-affiliated House Fund is seeking up to $50m for its second vehicle, after closing a $6m fund in 2016.

The House Fund, a venture capital firm focused on companies emerging from University of California (UC) Berkeley, is raising $50m for its second vehicle, TechCrunch reported on Friday, citing a regulatory filing.

Investors in the new vehicle have not been named, though UC contributed to the $6m first fund launched in 2016 through UC Ventures, an initiative that is set to invest $25m of the endowment into local funds for university-related businesses.

The filing dates from three months ago,…

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