Morgenthaler Partners Start New VC Firm With $175M Fund

Law360, New York (September 12, 2013, 1:50 PM EDT) -- Three partners at Ohio-based venture capital firm Morgenthaler Ventures have launched a new California-based, technology-focused venture fund not tied to the Morgenthaler brand and have already raised roughly $175 million for the fund, Morgenthaler confirmed Thursday.

Partners Gary Little, Rebecca Lynn and Gary Morgenthaler are raising the fund for their recently formed Morgenthaler Technology Investment Co. The fund, which will do business under the name Canvas Venture Fund, received strong support for institutional investors and outstripped its $150 million fundraising target.

Canvas Venture will invest in...
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