Key Takeaways
- • Chicago-based venture capital firm The 81 Collection has raised $82m for its second fund, doubling the size of its debut vehicle, according to AltAssets.
- • The firm is targeting established, founder-owned businesses in manufacturing, services and other sectors it views as overlooked by traditional venture investors.
- • The fundraise signals continued institutional appetite for lower-profile, non-technology segments of the US middle market within a venture-style strategy.
Summary
Chicago-based venture capital firm The 81 Collection has raised $82m for its second fund, doubling the size of its debut vehicle, according to AltAssets. The new vehicle's capital base is double that of the predecessor fund, reflecting investor backing for the firm's strategy after its initial raise.
The firm is focused on established, founder-owned businesses in manufacturing, services and other sectors that it believes traditional venture investors overlook. The strategy departs from the software and high-growth technology deals typically associated with venture capital, instead concentrating on mature operating businesses in underserved US industries.
The source article is available only to premium subscribers, so additional details such as the lead investors, target fund size constraints, deployment timeline, and specific portfolio companies could not be confirmed from the available text.
The firm is focused on established, founder-owned businesses in manufacturing, services and other sectors that it believes traditional venture investors overlook. The strategy departs from the software and high-growth technology deals typically associated with venture capital, instead concentrating on mature operating businesses in underserved US industries.
The source article is available only to premium subscribers, so additional details such as the lead investors, target fund size constraints, deployment timeline, and specific portfolio companies could not be confirmed from the available text.
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