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M13 raises $175M fund

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M13 raises $175M fund

M13 Ventures raised $175 million for its M13 Ventures II LP, surpassing its $150 million target.

The fund will mainly target seed and series A rounds but will participate in selected series B+ rounds in emerging consumer technology companies.

Investors include Richard Branson, Silas Chou and Arianna Huffington.