Merry Christmas Upfront Ventures! LA-based Upfront, best known for its early investments in Maker Studios (sold to Disney for ~$1B, depending on Maker’s ability to reach financial milestones), has raised the cash for its latest fund, its fifth. The last fund Upfront raised was $200 million in 2012.
Says Upfront partner MarkSuster, “In 2015 we go back to square one and start to build a brand new portfolio. It’s exciting. And daunting. And we feel honored to be entrusted to invest other people’s money (and our own) into the many exciting startups that we encounter. And we feel grateful to all of the entrepreneurs who have let us share their journeys over the last decade and the many that will work with us in the years ahead.” (FULL DETAILS / TEXT HERE)
Suster previously made waves for his bullish comments on LA’s future in a brilliantly-illustrated op-ed back in October;Suster has also been prolific in his observations & advice as a VC via his site Both Sides of the Table.
Upfront investments include stakes in ChowNow, TrueCar, GumGum, and Factual.
