Wednesday, October 7, 2020

Greycroft Partners Raises Two New Funds

Los Angeles- and New York-based Greycroft Ventures, which has invested in such local companies as Scopely, Thrive Market, and Maker Studios, has raised two new venture capital funds, for a total of $678M total. The firm disclosed that it closed its early stage fund, Greycroft Partners VI, at $310M, and raised $368M in its growth stage fund, Greycroft Growth III, at $368M. Greycroft has now raised over $2 billion in total. The company is both active in the Los Angeles area, as well as nationally. Greycroft had its first close on Greycroft Partners VI, L.P. in July of this year; and its first close on its growth fund, Greycroft Growth III, in March. The firm did not say who the limited partners in its new funds are.