Upfront Ventures to Launch New Fund

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Upfront Ventures is laying the groundwork to launch a new fund, according to a filing from the SEC.

The venture capital fund, to be named Upfront Growth III LP, will be backed with $250 million in funds. Mark Suster is listed as managing member of the new fund.

Santa Monica based Upfront Ventures already has a strong roster of startups it has invested in, including its most successful, motorized scooter company Bird. Others in Upfront’s portfolio include thredUP, Rally RD., Bevy and Invoca. The addition of a new fund will likely add to Upfront’s roster of successful tech upstarts.