Ron Conway's SV Angel Rakes In Another $9 Million
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.
Some of the pretty hot startups SV Angel is currently invested in include Hipmunk, Wavii, Bit.ly, Flipboard and BankSimple.
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.”
Thanks: FormDs