Innosphere raises $5.6 million for new fund

FORT COLLINS — A venture capital arm of incubator-accelerator Innosphere raised $5,575,000 for its new investment fund, according to a Securities and Exchange Commission filing.

Mike Freeman, managing partner, Innosphere. Courtesy: Innosphere.

Innosphere Ventures Fund II LP will invest in “B2B, SaaS, and medical technology companies,” starting with four such firms to be named this month, according to Michael Freeman, a fund managing partner.

Freeman called it “the first closing of our second fund” and said the pooled venture capital kitty will total between $30 million and $40 million by the time multiple closings conclude in mid-2022.

This first round began in mid-July, the SEC Form D said, and the minimum investment was $125,000. It attracted 19 investors, kicking in an average of about $293,400 apiece.

Innosphere’s first venture capital fund totaled $6 million, all in.

© 2021 BizWest Media LLC

FORT COLLINS — A venture capital arm of incubator-accelerator Innosphere raised $5,575,000 for its new investment fund, according to a Securities and Exchange Commission filing.

Mike Freeman, managing partner, Innosphere. Courtesy: Innosphere.

Innosphere Ventures Fund II LP will invest in “B2B, SaaS, and medical technology companies,” starting with four such firms to be named this month, according to Michael Freeman, a fund managing partner.

Freeman called it “the first closing of our second fund” and said the pooled venture capital kitty will total between $30 million and $40 million by the time multiple closings conclude in mid-2022.

This first round began in mid-July, the SEC Form D said, and the minimum investment was $125,000. It attracted 19 investors, kicking in an average of about $293,400 apiece.

Innosphere’s first venture capital fund totaled $6 million, all in.

© 2021 BizWest Media LLC