An SEC Form D filed today revealed a few new things about “Godfather of Silicon Valley” and much lauded angel investor Ron Conway‘s SV Angel fund, namely that it is going after more; The forms show that what the fund is seeking has been raised from $20 million to $30 million, and that it is also closing in on an almost $9 million update today.
This latest Form D filing is an amendment from the first time SV Angel filed this Spring and it refers to a $22,805,000 in total new funding vs. in $13,865,000 in April. A little handy subtraction reveals that SV Angel just wrastled up another $8,940,000 to be specific.
And just like we predicted in February, it seems as though triple threat Facebook, Google and Twitter investor Conway and partner David Lee have had no problem finding investors for Conway’s own fund, which marks a departure from only investing his own capital and his previous investments through Baseline Ventures.
Update: David Lee from SV Angel clarifies regarding the perceived increase in fund size:
“This is just a filing/SEC formality. We haven’t raised beyond the $20mm…because the actual amount was a hair over $20mm, lawyers just “checked a box” saying that it was up to $30mm
So bottom line: we are not raising more and fund size is 20mm.”
Ronald Conway has been an active angel investor for over 15 years. He was the Founder and Managing Partner of the Angel Investors LP funds (1998-2005) whose investments included: Google, Ask Jeeves, Paypal, Good Technology, Opsware, and Brightmail. Ron was previously with National Semiconductor Corporation in marketing positions from 1973-1979, and Altos Computer Systems as a co-founder, President and CEO from 1979-1990. He eventually took Altos public in 1982 and served as CEO of Personal Training Systems (PTS)...