San Francisco based growth stage venture capital fund 137 Ventures announced it will launch a fourth fund with assets at $210 million.
This new fund will continue the parent fund’s tradition of “investing in capital-efficient, high-growth companies primarily by providing customized liquidity solutions to their founders, investors, and early employees.” The parent fund was launched in 2011, and with Fund 4, it will have more than $1 billion in total assets under its management.
137 Ventures is backed by institutional limited partners including endowments, foundations and family offices.
In addition to launching its new fund, 137 Ventures made more news with a pair of internal promotions: it recruited Ching Wu to be operating partner and head of investor relations. She was formerly partner of marketing and investor relations at Canvas Ventures and Morgenthaler Ventures.
Andrew Hansen has been promoted to operating partner, COO and CFO at the company. He had been CFO at 137 Ventures for six years.
Among the startups 137 Ventures is vested in includes Wish, Space X, Airbnb, Eventbrite and Grab.
Image credit: Ching Wi (pictured), from 137 Ventures