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137 Ventures raises $210M for 4th fund, appoints operating partners

137 Ventures appointed two operating partners and raised $210 million at the close of its fourth fund, taking its assets under management to over $1 billion.

Fund 4, which closed in early 2018, is backed by institutional limited partners including endowments, foundations and family offices, and offers capital to founders, investors and early employees of high-growth companies.

The venture capital firm promoted CFO Andrew Hansen to operating partner and COO and named Ching Wu as operating partner and head of investor relations. Wu was previously a partner of marketing and investor relations at Canvas Venture Fund LP and Morgenthaler Management Corp.