Venture capital firm Claremont Creek Ventures has closed its second fund on $175 million (€127 million), bringing the firm’s total capital under management to $300 million.
The Oakland, California-based firm, which touts its willingness to partner with startups earlier than other venture firms, will target early- stage information technology companies in the health care, security and mobility industries.
All of the limited partners from Claremont’s first $130 million fund returned to invest in the latest vehicle, according to a firm statement. Limited partners included the Harvard Management Company, The Regents of the University of California and the Verizon Pension Fund.
Claremont Creek typically invests $500,000 to $4 million in Series A rounds, with substantial reserves to support subsequent rounds. The firm works with California institutions such as the University of California at Berkeley, the University of California at Davis and the Lawrence Livermore and Berkeley Laboratories in growing portfolio companies.