645 calls universities for $40m fund

Aug 30, 2018 •

Princeton and Spelman College are among the investors in 645 Ventures' $40m fund, targeting segments such as online marketplaces and digitally-native consumer brands.

The endowments of Princeton University and Spelman College yesterday became limited partners in the $40m second fund of software and internet-focused venture capital firm 645 Ventures.

645 Ventures II has also been backed by family office Andrew W. Mellon Foundation, investment firm Klingenstein Fields Wealth Advisors and private investors including Albert Wenger, Howard Morgan, Ken Chenault and Mellody Hobson.

Founded in 2014, 645 Ventures mainly backs seed and series A-stage software and internet companies. The latest fund will target software-as-a-service,…

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