The new money came in fast and furious in the last few weeks, with a number of funds landing big infusions and startups racking up big venture dollars.
And in a year that is set to break records for venture capital raised, that means there are almost too many to cover individually. I wrote about WhyHotel closing in on $10 million in new funding and Motley Fool’s venture fund exceeding its own expectations, but there are plenty of other groups out there raising money.
Direct investor and “fund of funds” Accolade Partners is responsible for the biggest raise. Accolade raised $107.5 million just days after reporting it had raised $91.25 million. That brings the total dollars raised by Accolade this year to more than $275 million.
Its portfolio includes notable venture funds Amplify Partners LLC and Andreessen Horowitz and local funds, including private equity fund Aldrich Capital Partners, QED Investors and artificial intelligence fund Foundry.ai.
In another large raise, Rotunda…Read the full story from the Washington Business Journal.