Opus hits the fundraising trail, looking for $250M
Early-stage venture firm Opus Capital Ventures is hoping to scrape together $250 million for its next fund (which has a hard cap of $350 million), reports VentureWire. Based in Menlo Park, Calif., the firm used to be called Weiss Peck & Greer Venture Partners. It raised four funds before changing its name to Opus. Its last fund, totaling $280 million, was brought in in 2006.
Already, Opus has a commitment from Montana Board Investments to contribute $7.5 million to its sixth fund. In addition to fundraising, the firm is also actively investing in startups. Already this year, it has sunk $10 million into a first round of financing for online gaming site SuperSecret, and $8 million into a first round for security software company AlertEnterprise.
Next Story: Aperto nails down $569K for WiMax base stations
Previous Story: LV Sensors shutters, looks for buyers for assets
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.