Line Ventures, which had previously committed to the first Hustle Ventures fund in 2018, has returned to help it secure $33.6m for a second vehicle.
US-based venture capital firm Hustle Fund has raised $33.6m for its second fund, from limited partners (LP) including messaging platform developer Line, Forbes has reported.
Japan-headquartered Line reupped in Hustle Fund II through corporate venturing unit Line Ventures having committed to the firm’s first fund, which closed in September 2018 at about $11m.
Hustle Fund II’s other LPs include investment firms Foundry Group Next and Shanda Group. The second fund, managed by co-founders Eric Bahn, Elizabeth Yin and Shiyan Koh,…
