lowercase capital

SEC Filing: Chris Sacca Raising $25M For New Fund, Lowercase Spur

Next Story

Woopra’s New Dashboard Lets Publishers See Exactly Who’s Visiting Their Site

Investor Chris Sacca is raising as much as $25 million for his new fund, Lowercase Spur, according to a new SEC filing. He’s been working on it for at least a little while — Bloomberg BusinessWeek heard he was working on it a month ago, with the plan being that Spur would invest in startups over the next ten years. It was unclear how large the fund would be at the time.

Sacca raised nearly $50 million in 2010 for Lowercase Capital, and operates a number of funds. Lowercase I appears to invest early-stage startups, and Sacca operates another $1 billion fund that buys secondary market shares of companies such as Twitter and Facebook.

There are also two funds are jointly run with New York-based investors, and are focused on taking large public companies private in Hollywood, transportation and wireless. A fifth fund buys founder shares of early stage companies under the Lowercase brand

According to the Bloomberg report from March, Sacca’s first fund Lowercase I, is worth 5.3 times its original value and has returned all capital to the limited partners. The newest fund, Lowercase Spur, is being used partly to invest additional dollars in companies which were funded via Lowercase I.

Sacca’s previous investments include Uber, Dotcloud, Gumroad, Liftopia, Milk, SimpleGeo, Fanbridge, DailyBooth, Posterous and Stickybits.

We’ve contacted Sacca and will update if he comments.