Forerunner Ventures, a San Francisco, CA-based early-stage venture capital firm dedicated to backing digital commerce entrepreneurs, has closed its $40m first institutionally backed fund.
The vehicle will partner with up to 25 companies, making initial investments in the seed and Series A stage ranging from $250k-$500k.
Led by Founder and Managing Partner Kirsten Green, the firm intends to back e-commerce, mobile commerce and social commerce companies as well as those focusing on enabling technologies and services that accelerate the growth of the sector.
To date, the firm has made 21 investments including Birchbox, Bonobos, Dollar Shave Club, Joor, Threadflip, Warby Parker and Wantful.
FinSMEs
26/07/2012