Paris-based VC firm Singular raises $435 million for its second fund
For a VC firm, the second fund is a make-or-break moment. With the initial fund, you raise money based on an investment thesis because you don’t have any track record, any return on investment to prove that you’re a capable investor. First, after raising €225 million for its initial fund ($245 million at today’s exchange rate), Singular managed to raise €400 million for the second fund.
Source: yahoo.com