The venture partners are targeting $250m.

Arch Venture Partners have announced their eighth fund, for which they are aiming to raise a total of $250m. This would take the firms total funds managed to $1.75bn.

On top of being lower than its previous fund, this also marks the first time that the firm hasn’t increased its fund, as thus far they had become progressively larger, from $9m in 1989 to $400m in 2007. Indeed, this is the lowest fund since its fourth, the 1999 fund worth…