University of Rochester and Grinnell College were among the LPs in the venture firm’s latest vehicle, which had a $100m target.
Ulu Ventures, a US-based venture capital firm, has raised $138m for its third fund from investors including University of Rochester and Grinnell College.
Social media firm Twitter and Motley Fool Ventures, the corporate venturing arm of financial advisory service Motley Fool, also chipped in, as did financial services firms Bank of America and Goldman Sachs.
The limited partners were filled out by seven foundations – of which only John D and Catherine T MacArthur and Harry and Jeanette…