Around the Net

VC Firm Greycroft, The Sequel

Greycroft Partners just closed its second fund. Dubbed Greycroft II, it has $130.7 million to burn, and is led by Greycroft founder Alan Patricof, Dana Settle and Drew Lipsher, along with Ian Sigalow, who was promoted to partner. "It's a case of second verse, same as the first with plans to continue investing in early-stage digital media companies that deliver products and services online or through a wireless device," reports paidContent.

Settle will reportedly continue to run the LA office, while the others will still be based in New York. The key different between the two funds, notes paidContent, is that Greycroft raised $75 million from individuals, while Greycroft II includes ten institutional investors, including JP Morgan Investment Advisors.

Read the whole story at paidContent »

Next story loading loading..