SGVC raises $50 mln for second fund
By Alastair Goldfisher | PE Hub | May 11, 2016
Beverly Hills, California-based SGVC has raised a little more than $50 million for its second fund, SG VC Fund II, from 81 investors, according to a regulatory filing.
The firm was founded in 2012 by Managing Partner Dovi Frances as the venture arm of SG, a global advisory firm. His LinkedIn profile says he acquired the SGVC portfolio from SG last year. SGVC invests in early-stage tech companies in Los Angeles, Silicon Valley and Israel and has backed RadPad, SoFi and Sidecar, among others, according to its website.
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