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American Family Ventures raises $162.5M for VC fund

AMFAM VC Fund III LP pulled in $162.5 million in capital commitments from four investors.

The American Family Ventures-managed venture capital fund has an initial target of $200.0 million.

The venture capital firm typically invests $250,000 to $5 million in businesses focused on insurance innovation, financial technology, data, analytics, internet of things and cybersecurity.