Early stage venture capital firm Forerunner Ventures raised $360 million for its fourth fund, Founder and Managing Partner Kirsten Green said in a Medium blog post.

The commerce-focused firm intends to use the fund to back "category-defining" startups, according to the post.

The San Francisco-based firm primarily invests in companies focused on business-to-consumer products, services and experiences, and business-to-business upgrades and unlocks, according to its website.