US-based venture capital firm Seven Peaks Ventures closed its second fund yesterday with $28m in commitments from limited partners including OSU Foundation, the endowment manager of Oregon State University.
Seven Peaks Ventures II also secured the backing of the state of Oregon, as well as additional, unnamed institutions, family offices and returning investors from the first fund.
The firm focuses on early-stage startups based in the Pacific Northwest and the western US, with a particular focus on data…