Consolidation in VC-land continues: Diamondhead Ventures to close
Diamondhead Ventures co-founders Raman Khanna and David Lane will join Onset Ventures and shut down their firm once they invest the $140 million fund is invested, according to VentuerWire (subscription required)
They were raising a second fund, but will now earmark the funds committed to them to from investors to Onset’s fund. They will become managing directors of Onset’s 2005 vintage $200 million fifth fund.
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