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VC firm tied to former Google CEO raises $334M for latest fund

Innovation Endeavors, which was co-founded by former Google Inc. CEO and former Alphabet Inc. Executive Chairman Eric Schmidt, closed on $333.5 million for its latest fund.

The Innovation Endeavors III LP fund, which had an initial target of $300.0 million when it filed for the fundraising in November 2017, drew capital from 69 investors, according to a May 21 filing.

The venture capital house specializes in early- and expansion-stage investments in the fintech sector.