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…

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