Get the latest tech news
Seed-stage firm Eniac Ventures raises $220M across two funds
Eniac has raised $60 million for Select 1, the firm’s vehicle for follow-on later-stage investments, and $160 million for Eniac VI.
The firm plans to make its first investment “shortly” out of its sixth fund, according to co-founder and general partner Nihal Mehta. Portfolio companies include 1up Health, Alloy, Anchor, Attentive, Brightwheel, Embrace, Ghost, Hinge, Hive, Level.ai, Maestro, Owlet and Vungle. Eniac also was an early investor in Airbnb and has seen exits in companies such as TapCommerce (to Twitter), Anchor (to Spotify), Dubsmash (to Reddit), Hinge (to IAC), Workflow (to Apple), Vungle (to Blackstone) and Vence (to Merck Animal Health).
Or read this on TechCrunch
