Harvard-backed Xfund is preparing to raise a third fund to follow earlier vehicles targeting companies emerging out of the Harvard and MIT ecosystems.
Xfund, a US-based early-stage venture capital firm which counts Harvard University among its backers, is targeting the close of a third VC fund sized at $100m over the next 12 months, according to a regulatory filing.
The vehicle is yet to secure capital and its sector focus remains unclear, though Xfund’s earlier funds generally backed seed and series A rounds. Patrick Chung and Brandon Farwell, partners of Xfund, will both lead as managing directors.
Xfund launched in 2011 as…
