The MIT Media Lab-focused deep tech venture firm is back with its second fund having secured $24.6m of a targeted $80m from unnamed investors.
E14 Fund, the deep tech venture capital firm allied to Massachusetts Institute of Technology (MIT)’s Media Lab, has raised $24.6m for a second fund with an $80m target, according to a regulatory filing.
The firm typically invests between $500,000 and $1m in each portfolio company and participates in early-stage rounds for MIT-allied startups. It has not revealed the identity of the limited partners in the second fund.
Targets areas for E14 involve established deep technologies such as machine…
