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Powerplant Ventures reaches $165M target for venture capital fund

Hermosa Beach, Calif.-based venture capital firm Powerplant Ventures LLC has raised its $165.0 million target for Powerplant Ventures II LP, according to an SEC filing.

The venture capital fund attracted commitments from 114 investors.

Powerplant Ventures specializes in seed, series A, later stage and growth equity investments, according to data from S&P Global Market Intelligence.